Seminar seeks ways to facilitate greater RoK investment

Financiers from the Republic of Korea (RoK) have expressed hope that local authorities in Southcentral and Central Highland provinces will remove barriers in order to boost their investment in future.

Delegates share their viewpoints at the event (Photo: binhdinh.dcs.vn)

Representatives from numerous RoK businesses raised their hope during the “Meet Korea-Binh Dinh 2022” programme which was co-organised by the Ministry of Foreign Affairs, the RoK Embassy in Vietnam, and the People's Committee of Binh Dinh province, on May 13.

Lee Jong-seob, president of the Korea Trade-Investment Promotion Agency (KOTRA) in Southeast Asia-Oceania cum general director of KOTRA in Hanoi, revealed that apart investing in Hanoi and Ho Chi Minh City, RoK enterprises have also unveiled plans to invest in the central and Central Highland regions.

Representatives from these businesses and associations called on local authorities to simplify administrative procedures and create the optimal conditions possible for them to operate efficiently. They also suggested that localities step up the training of skilled workforce as 70% of RoK enterprises have so far invested in the manufacturing sector.

Leaders of the southcentral coastal and Central Highland provinces pointed out that RoK’s investment in these localities remains limited. They expressed their desire to see RoK firms inject fresh capital in fields such as hi-tech agriculture, the processing industry, tourism, seaports, services, industrial park infrastructure, and waste treatment in the future.

At present, Binh Dinh province hosts four RoK projects with a total registered capital of roughly US$100 million, said Nguyen Phi Long, chairman of Binh Dinh’s Provincial People's Committee.

Ho Ngoc Thanh, vice chairman of the Gia Lai Provincial People's Committee, expressed his wish to receive more Korean investors in order to develop hi-tech agriculture and tourism infrastructure that falls in line with international standards.

Dao My, vice chairman of the Phu Yen Provincial People's Committee, suggested that RoK financiers remain determined to expand their investment scale, whilst establishing a chain of development co-operation with other provinces in the region.

VOV