The southern province of Ba Ria-Vung Tau popularised its investment opportunities and attraction policies at the Republic of Korea Trade-Investment Promotion Agency in Seoul on October 18.
Seoul (VNA) – The southern province of Ba Ria-Vung Tau popularised its investmentopportunities and attraction policies at the Republic of Korea Trade-InvestmentPromotion Agency in Seoul on October 18.
At the event, with theparticipation of about 200 delegates, Secretary of the provincial PartyCommittee and Chairman of the province’s People’s Council Nguyen Hong Linh briefedthe RoK representatives on the potential, advantages and developmentorientations of the locality.
Linh said that BaRia-Vung Tau lies in the Southern Key Economic Region of Vietnam, about 60km fromHo Chi Minh City, serving as a gateway to the East Sea for southeasternlocalities and the whole country. It helps connect ASEAN countries with theEast Sea, he said.
The provincial leaderhighlighted that the locality will focus on developing major sectors such asheavy industry, seaports, logistics, tourism and high technology agriculture.
He called on RoK firmsto invest in big industrial projects using modern technologies which arefriendly to the environment, helping promote the locality’s socio-economicgrowth.
Linh told theparticipants that the province is in need of investment to the Cai Mep Halogistics centre as well as other projects providing logistics services for itsinternational ports.
At the same time, BaRia-Vung Tau also called for major and prestigious investors to pour money intohigh quality tourism projects as well as high-technology agricultural projects.
Deputy Ambassador TranTruong Thuy stressed that the event is held in a suitable time as RoKbusinesses are increasingly interested in Vietnam. He said that this is a goodchance for RoK investors to get better understanding of business opportunitiesand preferential policies in the province.
The RoK is now thebiggest investor in Vietnam with over 61 billion USD as of September 2018. Withtwo-way trade reaching over 60 billion USD in 2017, it is also the secondlargest trade partner of Vietnam, while Vietnam is the RoK’s fourth biggest.
Sound bilateralpolitical relationship and close people-to-people contacts are also factorsensuring the growth of the economic partnership between the two countries.-VNA
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Overview of the event (Photo: VNA) 
