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Ha Nam holds investment promotion event in RoK

The northern province of Ha Nam held an investment promotion conference at the headquarters of the Korean Chamber of Commerce and Industry (KCCI) in Seoul, the Republic of Korea, on October 2.
Ha Nam holds investment promotion event in RoK ảnh 1A hi-tech agriculture model in Ha Nam (Source: VNA)

Seoul (VNA) – The northern province of Ha Nam held an investment promotion conferenceat the headquarters of the Korean Chamber ofCommerce and Industry (KCCI) in Seoul, theRepublic of Korea, on October 2.

Speaking at the event, Vice Secretary of the provincial Party Committee andChairman of the provincial People’s Council Pham Sy Loi said Ha Nam alwaysconsiders investment cooperation as a crucial mission to bolster socio-economicdevelopment.

The province particularly needs investment in infrastructure development,support industry, hi-tech agriculture and industry, health care, education,tourism service and trading, Loi said.

He pledged to create an open and transparent investment environment and favourableconditions for RoK enterprises to operate effectively in the locality.

According to Vietnamese Deputy Ambassador to the RoK Tran Truong Thuy, theVietnam-RoK relations have been developing rapidly in all aspects.

The RoK is the biggest foreign investor in Vietnam with total capital of 62.5billion USD in 7,460 projects by the end of 2018, generating jobs for over700,000 direct labourers and tens of thousands of indirect workers. RoK-runcompanies accounted for about 30 percent of Vietnam’s total export turnover.

The country is Vietnam’s second largest trade partner, with two-way trade hitting65.7 billion USD in 2018. The two sides aim to lift their trade to 100 billionUSD in 2020.

The RoK’s strength in manufacturing makes it an ideal partner of Vietnam whichwants to attract investment in industrialization and modernization, Thuy said,adding that the RoK technology in combination with Vietnam’s young and dynamiclabour force creates competitiveness of goods in the global value chain./.
VNA

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