Encourage investment between Ho Chi Minh City and Busan, Korea
- 120
- Socially Responsible Enterprise
- 22:38 25/09/2022
DNHN - The team from Ho Chi Minh City (HCMC) is in Korea to honour the 30th anniversary of the establishment of diplomatic ties between Vietnam and Korea (1992-2022), a new milestone in bilateral relations.
The delegation of the People's Council of Ho Chi Minh City (HCMC) paid an official working visit to Korea from September 18 to September 24. On September 19, the team paid a courtesy call on Park Jung Muk, the Permanent Vice Chairman of the Busan City Council.
In welcoming the group, Busan City Council Permanent Vice Chairman Park Jung Muk stated that in 2018, the Busan City Council visited the Ho Chi Minh City People's Council and inked a treaty of friendship and development cooperation on all sides. This reunion provides a chance for the two sides to work more closely and actively in a variety of disciplines.
Ho Chi Minh City's exports to South Korea will exceed $1.9 billion in 2021, while imports from South Korea would exceed $3.4 billion, mostly industrial items, machinery, and electronic components... There are now 5 Korean investors authorized to invest in Ho Chi Minh City Hi-Tech Park. Daeyuong Electronic Vina (63 million USD), Hannam Electricity (74.21 million USD), Daihan Climate (USD 31.4 million), INTOPS ($80 million), Semist ($1.4 million), and Samsung ($2 billion) are among those involved. Many FDI projects are now being implemented in Korea, while big ODA projects are being conducted in Ho Chi Minh City.
Nguyen Thi Le, Chairwoman of the People's Council of Ho Chi Minh City, noted that the partnership between Ho Chi Minh City and the Republic of Korea has yielded numerous positive achievements based on solid bilateral ties. Korea is now the third largest investor in Ho Chi Minh City, with over 1,900 active projects and total investment capital of 5.3 billion USD. Ho Chi Minh City has good relations and cooperation with seven Korean cities. In which the connection with Busan is seen as a model in Ho Chi Minh City's interaction with international places.
The community of around 80,000 Koreans and 2,000 Korean enterprises in Ho Chi Minh City is a factor contributing to the city's development as well as a bridge to improve bilateral cooperation contacts.
The Chairman of the People's Council of Ho Chi Minh City also praised Busan for the priceless affection, for having made a noble effort, donating presents and medical equipment to Ho Chi Minh City to battle the epidemic during the COVID-19 pandemic in the 4th breakout in Ho Chi Minh City in 2021.
The Chairman of Ho Chi Minh City's People's Council expects that the two cities' friendship and cooperation would grow in various areas. Ms Nguyen Thi Le believes that Busan City would promote and encourage Korean enterprises in general, and Busan businesses in particular, to actively explore collaboration prospects in Ho Chi Minh City, while also increasing exchanges and cooperation in smart cities between the two cities. The administration of Ho Chi Minh City will always establish the best circumstances for Korean firms to operate and grow in the city.
P.L
Related news
- Clean energy must be protected by transparent, stable, and consistent policies
- European-standard ingredients: Inspiring culinary journeys from the heart of the kitchen
- The foundational mark of pioneers in renewable energy amidst an evolving legal framework
- Taste of Queensland: Strengthening Vietnam–Queensland Partnerships through Culinary Diplomacy
- The power of journalism in “upholding the right and eliminating the wrong”
- LAMORI – The Spirit of Lam Kinh in Every Breath
- “Lithuanian President’s visit opens a new chapter in bilateral cooperation with Vietnam”
- List of Vietnam’s 25 Best Workplaces 2025
- Vietnamese Ambassador to the Federal Republic of Germany, H.E. Mr. Nguyen Dac Thanh, Meets with German Business Leaders in Vietnam
- Hodeco and 54 forge strategic partnership to evelate golf Integrated real-estate
- International sports events – a strategic boost for regional economies and tourism in Vietnam
- Halal market potential – The key to business success
- ESG strategy for small and medium enterprises: From compliance pressure to growth opportunity
- Dong Thap Business Club in Ho Chi Minh City launches support fund to accompany enterprises
- Women entrepreneurs in the Era of National Advancement
- The move of a Chinese businesswoman into Vietnam’s snack market
- The Đại Dũng Group: A 30-Year journey of developing a sustainable value chain
- Rediscovering connection – a journey of discovery at LAMORI
- ShopeeFood and Grab dominate Vietnam’s food delivery market
- The ambitions of major enterprises in 2025
Đọc thêm Socially Responsible Enterprise
Clean energy must be protected by transparent, stable, and consistent policies
In Vietnam, renewable energy is not only a solution to ensure energy security and reduce greenhouse gas emissions but also a key driver of a green, clean, and sustainable economy.
The power of journalism in “upholding the right and eliminating the wrong”
Journalism holds a genuine power—the power to “uphold the right and eliminate the wrong,” as President Ho Chi Minh once taught.
International sports events – a strategic boost for regional economies and tourism in Vietnam
Among all sports, golf has emerged as a particularly potent driver of regional development in Vietnam. With nearly 100 courses in operation and development, the country has repeatedly been recognized as Asia’s Best Golf Destination in recent years.
ESG strategy for small and medium enterprises: From compliance pressure to growth opportunity
Amid digital transformation and increasing demands for sustainable development, small and medium enterprises (SMEs) in Vietnam are facing mounting pressure to adapt swiftly or risk being left behind.
According to each style
Sao Mai Center 1 & 2 are located within the grounds of Sao Mai Resort Vung Tau - Phu My city - Ba Ria Vung Tau province.
Free vocational training opportunities for young people who want to study abroad at 'Ánh Hồng Mikade'
Recently, Luster International Joint Stock Company, in collaboration with Ánh Hồng Mikade Co., Ltd., officially launched the Ánh Hồng Spa and Therapy Massage Vocational Training Academy at Ho Chi Minh City.
Foreign Trade Entrepreneurs – reaching out to the world: A practical perspective on agricultural exports and logistics
Recently, the event "Foreign Trade Entrepreneurs – Reaching out to the world", organized by the Foreign Trade Business Association (FBA) in Ho Chi Minh City, brought together over 200 entrepreneurs, business owners.....
Attracting investment in renewable energy – Driving the green economy
In addition to attracting capital, proactive land-use policies and comprehensive implementation plans will contribute to ensuring the sustainable development of the renewable energy sector.
“Green treasure” in the heart of the Mekong Delta
When people mention Trà Sư Cajuput Forest, they immediately think of an expansive green area, about 850 hectares in size, located in Tịnh Biên District (An Giang).
Ascend the moutain to welcome the new year
In the days leading up to Tet 2025, the gentle chill of spring begins to make its way into the West, merging with the bustling preparations of families welcoming the New Year.