Attracting more South Korean investors

By QUOC TUAN |

(QNO) - A workshop on promoting foreign direct investment (FDI) and official development assistance (ODA) for Central and Central Highlands of Vietnam and South Korean businesses was held in Da Nang city by the Investment Promotion Center for Central Vietnam and Korea Eximbank in Vietnam on 30 March.

Scene of the workshop
Scene of the workshop

Present at the event were the representatives of Vietnam’s Ministry of Planning and Investment and top 25 South Korean businesses in Vietnam, leaders of the People’s Committees and Department of Planning and Investment of the localities in the region, including Quang Nam province with those of the Public Administration and Investment Promotion Center (PAIPC), provincial Management Board of Industrial Zones and Chu Lai Open Economic Zone. Reportedly, South Korea was the largest FDI investor into Vietnam with 5,747 projects with a total of 50.7 billion USD in the period of 1998-2016 including just 2.5 billion USD in Central and Central Highlands.

Deputy Director of PAIPC Tran Van Phuc speaking at the workshop
Deputy Director of PAIPC Tran Van Phuc speaking at the workshop

At the workshop, the representatives of the cities and provinces in the region committed to create favourable conditions for South Korean investors to learn about the investment climate and invest into the region. The representatives of Korea Eximbank and South Korean businesses said they were in the process of paying their attention to the Central and Central Highlands, where the potentials has not been yet explored, to seek the investment opportunities in years ahead.

By QUOC TUAN