A conference to promote investment from the Republic of Korea (RoK) to the central province of Nghe An was organised in Hanoi on July 12.

The event was jointly held by the provincial People’s Committee and the RoK Trade and Investment Promotion Agency.

At the conference, Chairman of the provincial People’s Committee Nguyen Xuan Duong said through Nghe An, businesses can easily penetrate such neighbouring potential markets as Laos, northeastern Thailand, countries along the East-West Corridor and Vietnam’s southern provinces.

The province has been improving its infrastructure, particularly its roads, sea ports and airports, and will supply a high-quality workforce to facilitate investment, he noted.

RoK Ambassador to Vietnam Jun Dae Joo highly valued Nghe An’s potential and advantages, and stressed that the conditions meet investors’ demands, which is demonstrated by the initial success of several RoK businesses in the locality.

The diplomat expressed his hope that the two sides will continue their cooperation to improve promotion, information exchanges and investment attraction.

On the occasion, the two sides signed a cooperation agreement to promote the RoK’s investment in Nghe An and projects worth 10 million and 2.5 million USD to produce elevators and garment exports, respectively.

As one of Vietnam’s top investors, the RoK has poured 25.5 billion USD into the country to produce household electrical devices, industrial machinery, cars and mobile phones among others.

Source: VNA