The RoK participants expressed their wish to invest or expand their current investment in the northern port city.

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At the event

Head of the HEZA management board Le Trung Kien introduced to investors Hai Phong’s advantages, including the largest deep-water port in the north, a direct flight route to the RoK’s Incheon international airport, and the education of the Korean language at school.

The local economic zones currently house 102 RoK-funded projects worth 8.53 billion USD, accounting for 88.4% of capital channeled in the city by Korean investors. In the past seven months, RoK businesses in Hai Phong saw their revenue and number of laborers growing by nearly 20% and 15%, respectively.

LG has so far invested in seven projects worth 7.24 billion USD in the Trang Due industrial park in An Duong district. A network of local satellite projects and auxiliary production for LG has also been formed with more than 50 enterprises, who have injected close to 1 billion USD into the industrial park.

HEZA wished LG to further enhance its investment and production activities, focus on research and development (R&D), technology transfer, and high-quality human resources training.

It suggested the group establish a R&D center in the city.

It also unveiled the city’s growth orientations for the time to come that highlight circular economy, renewable energy, and a high-quality workforce.

Source: VNA