Long An’s Industrial Parks See Opportunities with Korean Investors

Long An province of Vietnam presents multiple significant letters of intent for cooperation with Korean partners.

0
65

Vice Chairman of the People’s Committee of the Mekong Delta province of Long An Nguyen Van Ut has expressed determination to develop ties with agencies, organizations and businesses of the Republic of Korea (RoK) following his working trip to the Northeastern Asian country from April 22-26, VNA reported.

Vice Chairman of the People’s Committee of Long An Nguyen Van Ut speaks at the Investment Promotion Conference in the Republic of Korea (RoK). Photo: VNA

The trip yielded a number of significant letters of intent, paving the way for future partnerships between Vietnamese and Korean entities such as attention to cooperation between Long An and JDC-Saigontel-Zennith on developing high-tech parks; research and invest in projects in the field of environment to develop a circular economy in Long An province.

This is an important premise that opens up opportunities to receive a truly high-quality wave of Korean investment into Long An province, especially in the fields of infrastructure development and high technology.

The province’s delegation held talks with the Governor of Jeju province, discussing the potential of socio-economic and cultural cooperation between the two localities, and held working sessions with the Jeju Free International City Development Centre, Yooshin and Zenith groups.

Cooperation agreements are exchanged. Photo: VNA

A highlight of the trip was a conference held in Seoul specifically to promote investment opportunities in Long An. The event attracted over 100 Korean groups, showcasing Long An’s potential and development trajectory.

The delegation highlighted Long An’s attractiveness to Korean companies, citing its abundant opportunities and well-developed industrial parks. They specifically focused on attracting investment in high-tech sectors like innovation, renewable energy, and logistics.

Strategically positioned, Long An prioritizes attracting investment in Industry 4.0, electronics component manufacturing, software, semiconductor industry, artificial intelligence, smart eco-city development, maritime port logistics services, border economy, high-tech agriculture, and renewable energy.

Long An Provincial delegation at the Jeju Provincial Government Office. Photo: VNA

As one of Long An’s major partners, the RoK now ranks third out of 40 countries and territories investing in the province with over USD 975 million and 208 projects. This trend continued in the first quarter of 2024, with Long An securing six new Korean projects valued at over USD 26.4 million.

The Long An Investment Promotion Conference in the RoK marked the successful conclusion of the working trip of the Long An Provincial Delegation.

Through this working trip, many positive results have been opened, opening a new phase of good development for the strategic partnership and cooperation between Vietnam and RoK, and the development cooperation relationship between the province. Long An with Korean agencies, organizations, and businesses.

Hannah Nguyen