Long An seeks to lure South Korean investment to high-tech sectors

Long An, with its extensive industrial land resources, is a prime destination for South Korean enterprises and investors looking to explore opportunities and establish partnerships in high-tech sectors such as component manufacturing, electronic devices and software, import and export services, business support services, logistics, border gate economy, and high-tech agriculture.

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At the investment connection seminar between Long An and South Korean businesses on October 23 in Seoul, South Korea, Nguyen Van Duoc, Secretary of the Party Committee and Chairman of the People’s Council of Long An, stated that South Korea currently has 207 investment projects in Long An with a total capital of over USD 960 million, accounting for 9% of total foreign direct investment (FDI) in Long An. This places Long An as one of the top 10 leading localities in attracting FDI in Vietnam.

Long An Hopes to attract South Korean Investment to High-tech Industries
A delegation from South Korea visited Chanh Viet Investment and Trade Joint Stock Company (Ben Luc, Long An) in July 2023.

Long An has signed cooperation agreements and memorandums of understanding on economic, cultural, and social development cooperation with South Korean localities including South Chungcheong, North Jeolla, and Yangsan city of South Gyeongsang. This has opened up opportunities and favorable conditions for South Korean businesses and investors to invest in Long An through various specific activities.

Valerie Mai