KOREA DESK Quang Ninh: A working session to implement Korean investment promotion activities

On September 10, 2021, the Advisory Group, assisting the Korean Investment Support Department of Quang Ninh Province (KOREA DESK QUANG NINH) held a working session to implement Korean investment promotion activities during the next period. Attending the meeting were members of the Advisory Team, assisting members of the Korea Desk from departments, agencies and representatives of some industrial park infrastructure investors in the province (Deep C Industrial Park Complex in Quang Ninh province, Viet Hung Industrial Park Development Joint Stock Company, Amata Ha Long Urban Joint Stock Company).

The Vietnam - Korea cooperation relationship has made strong progress in all fields. During nearly 30 years of establishing diplomatic relations, the two sides have achieved many great achievements and are currently in a good period, in all fields, there is a great development, bringing benefits and deep mutual trust for both sides, further promoting the Vietnam - Korea strategic cooperative partnership. By the end of August 2021, Korea is the largest foreign direct investment partner with a total registered capital of over 72.3 billion USD (accounting for 18.1% of total investment capital). However, in Quang Ninh, the total capital attracting Korean FDI investment has not been commensurate with expectations. Therefore, in order to increase Korean investment in Quang Ninh in the coming time, the Provincial People's Committee issued Decision No. 1575/QD-UBND dated May 19, 2021 on the establishment of the Korean Investment Support Department in Quang Ninh province (Korea Desk Quang Ninh).

At the meeting, Ms. Vu Thi Kim Chi - Standing Deputy Head of the IPA Standing Committee, Permanent Vice President of Korea Desk Quang Ninh exchanged and discussed with members of the Department's staff and assistants about the implementation tasks and methods to boost the promotion and attraction of Korean investment, in which emphasizing the construction of a database on the situation of Korean investment and potential Korean partners with active and responsible coordination of relevant agencies and industrial park infrastructure investors. At the same time, emphasizes the importance of on-the-spot investment promotion and support for Korean businesses operating, producing and doing business in the province.

The helping team members discussed the situation of promotion, support and investment cooperation with Korean partners and businesses; giving opinions on regulations on coordination between departments, agencies and sectors in implementing Korea Desk activities; methods of promoting, accompanying and removing difficulties for Korean businesses that have been researching and investing in the province; proposing to review the operation situation of existing Korean enterprises in the area to organize meetings, work, and resolve business proposals and aspirations. At the same time, the unified research on the list of potential Korean partners to conduct investment calling activities with specific results.

At the end of the meeting, Ms. Vu Thi Kim Chi once again affirmed that Korea is one of the key markets that need to attract investment to the province, especially it is essential to seize and look for opportunities to attract and promote Korean investors to the province in the new context and after the Covid-19 pandemic is under control.