Long An: Linking Trade with Korean Companies
- 153
- Business
- 01:08 01/09/2022
DNHN - On the 29th of August, Tan An city (Long An province) hosted a conference titled "Connecting commerce between Long An province (Vietnam) firms and Korean industries under the Korea - Vietnam Economic Support Committee (KVECC)". The Business and Integration Magazine (a member of the Vietnam Association of Small and Medium Enterprises) arranged the conference as a focal point to connect and promote trade,... to enable firms in Long An province to meet and link trade with Korean enterprises.
Mr Nguyen Minh Lam, Vice Chairman of the Long An Provincial People's Committee, attended the conference, as did representatives from provincial departments, People's Committees from Chau Thanh, Ben Luc, Tan Tru, and Tan An, the Provincial Business Association, the Long An Dragon Fruit Association, representatives from Kocharm Long An, and enterprises involved in production, processing, and trading in the province.
Representatives from Long An province's departments and branches, as well as enterprises, presented a variety of local speciality items, OCOP products, and commercial, service, and tourist products to the Korean business delegation.
Speaking at the conference, Vice Chairman of the Provincial People's Committee - Nguyen Minh Lam - stated that the conference has significant significance, that the premise continues to open many cooperation opportunities between Long An province and Korean enterprises in the coming time, and that it is a practical activity toward the 30th anniversary of the establishment of diplomatic relations between Vietnam and Korea. This event fosters cohesiveness, shares information on investment initiatives, and signs particular cooperation agreements, encouraging Korean investors to invest in the province.
Long An and Korean firms shared and discussed customs clearance concerns, updated information on pesticide residue requirements, and processes for agricultural goods that may be exported to the Korean market within the scope of the conference. Korean firms aim to collaborate in trade and distribute products like as coffee, rice, functional foods, fruits, agricultural and aquatic products, and time between Long An province and the Republic of Korea.
FDI inflows from Korea into Long An province have steadily expanded in recent years. Existing Korean projects in Long An are also continually rising in size and investment cash. Korea now ranks second among roughly 40 nations and territories investing in the province, with a total registered capital of more than USD 870 million.
Mr Nguyen Khac Huy, Director of Hoang Phat Fruit Co., Ltd., expressed his desire to facilitate customs procedures for the company to bring lemon products to Korea; at the same time, we hope that Korean businesses will survey, visit, and introduce businesses that trade in lemons and dragon fruit to increase their product popularity in the Korean market.
Long An province constantly offers the best circumstances for Korean businessmen to come to Long An for investment and steady growth; at the same time, this will open up numerous chances for Long An province and Korean firms to collaborate.
On this occasion, the Long An Department of Industry and Trade signed a memorandum of understanding to participate with Market Bright Company and the Korea-Vietnam Economic Support Committee (KVECC) in the establishment of a commodities circulation and distribution centre.
*Some pictures at the conference:
Thanh Tịnh
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