Long An enhances innovation and attracts high-tech investment

DNHN - On April 25, 2024, as part of a business trip to South Korea, the Long An provincial delegation visited, worked and surveyed the Jeju Free International City Development Center (JDC).

Long An cooperates with JDC to open up new directions for developing innovation

At the working session, the delegation was introduced by JDC to the organisational structure, functional zoning, mechanisms and investment support policies in the Jeju-free economic zone. This is an advanced development model that can be applied to high-tech zones in Long An in the future. JDC presented detailed information on the Technology Complex project and the international education city project in Jeju. In addition, JDC shared its experience in attracting foreign investment, especially in the high-tech sector. This is valuable information that will help Long An improve the effectiveness of attracting investment.

On behalf of the delegation, Nguyen Thanh Hai, Deputy Secretary of the Provincial Party Committee, expressed his gratitude for the warm welcome and importance that JDC attached to the delegation in supporting and connecting to achieve the objectives set out for the business trip. He requested that JDC support the province in building and establishing cooperative relationships with Korean partners to promote comprehensive and in-depth international integration in the high-tech sector; and to be an information bridge for domestic enterprises wishing to expand their investment activities abroad.

After a period of discussion, JDC Deputy Director Kim Hyun-Min proposed that he would like to pay attention to, research, survey investment, develop innovation complex projects, high-tech industrial zones, specialised economic zones and international universities and educational institutions in Long An. At the same time, JDC will inform Korean enterprises about the province’s investment environment, and work with JDC to survey and invest in Long An in the future. This is a positive sign that Long An is a very potential market and a target for Korean technology investors.

It is known that the Jeju Free International City Development Center (JDC) was established in 2006 to develop Jeju into a free international city, a place that promotes innovation, attracts foreign investment and creates a high-quality living environment for people. The main functions of JDC are to plan and develop the city as a whole; attract foreign investment and promote economic development; support business operations; manage and develop infrastructure; and promote cultural exchange and international cooperation. In the course of its development, JDC has attracted more than US$10 billion in foreign investment to Jeju, developing Jeju into a popular tourist destination and a leading innovation centre in South Korea.

At the end of the working session, the delegation visited the Jeju High-Tech Science and Technology Complex and the Jeju ICC Shinhwa Historical Park project. The delegation was provided with information and experience by Korean partners in planning, building and developing the project effectively, creating attractiveness to attract foreign investors to participate in science, technology, education, service and entertainment project complexes with international standards.

According to the work programme for the next day, the Long An provincial delegation will organise an Investment Promotion Conference - potential and opportunities for infrastructure development in the capital Seoul. This is an important event, the highlight of this business trip to South Korea, opening up many opportunities to attract quality investors with strong potential to promote the construction of the province’s infrastructure in a green and sustainable direction.

Vu Dat