In Hai Phong, a Vietnamese-Korean business investment connecting conference was organized

DNHN - The Vietnam-Korea Investment Connection Conference, held on the morning of August 16 in Hai Phong city to commemorate the 30th anniversary of the establishment of diplomatic ties between the two countries, was presided over by the head of the Department of Planning and Investment.

Standing Vice Chairman of the City People's Committee Le Anh Quan remarked at the conference's start that in recent years, Hai Phong has become a trustworthy and attractive site for domestic and foreign investors, ranking first in the country in terms of attracting foreign investment capital.

As a result, the city now has 827 legitimate foreign investment projects, with a total registered investment capital of over 24 billion USD from investors from 42 countries and territories. Among them, Korea is one of Hai Phong's strategic partners, providing a huge number of projects and investment funds while sustaining the city's leading position for many years.

Projects in the manufacturing and processing industries such as manufacturing products, components electrical and electronic components; auto components and spare parts; machinery, equipment, and plastic products... account for 65.9% of total Korean FDI projects, with investment capital accounting for 89.8%. Typically, Korean investment projects are a mix of LG Group projects, in which $7.24 billion has been spent in Trang Due Industrial Park.

Today's Business Investment Connection Conference, according to Mr Le Anh Quan, will lay a firm basis for the business investment cooperation connection between Korean investors and local manufacturing businesses in Hai Phong. The Vice President stated that the city of Hai Phong always appreciates and supports this collaboration and that the city would continue to make efforts to build a favourable and equal business and investment environment for international investors, especially Korean enterprises.

Nguyen Hoang Long, Director of the Department of Planning and Investment, stated at the conference that Hai Phong's aim for attracting total foreign investment capital in the period 2021-2025 is 11 billion USD.

In the future, Hai Phong will prioritize attracting capable and experienced investors to invest in key economic sectors and industries, projects with high added value and high technology use, environmental friendliness, modern management, energy saving, efficient use of resources, large budget contribution, association with domestic enterprises along the value chain, contribution to innovation and improvement of the city's technological level, increasing the city's technological level, and increasing the city's technological level.

Several enterprises and investors, by the way, have signed an investment and business partnership pact. Furthermore, firms attending the conference immediately get to know one another and look for prospects for connection and cooperation.

Representatives from the city's departments and agencies also listened, answered questions, and helped firms through the process of commercial investment in the city. Enterprises seeking partners and investment collaboration create groups to communicate thorough information.

PV