Investment News




 Mr. Bui Van Khang, Vice Chairman of the Provincial People's Committee, introduced the investment potential of Quang Ninh province.

Attending the conference were Mr. Park Noh-wan, Korean Ambassador to Vietnam; leaders of the Ministry of Foreign Affairs; leaders of Thanh Hoa province, representatives of international organizations in Vietnam and a large number of Korean and Vietnamese businesses. On the side of Quang Ninh province, there were Mr. Bui Van Khang, Vice Chairman of the Provincial People's Committee and representatives of relevant departments and agencies.

Speaking at the opening of the conference, Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu affirmed that this is the opening event in a series of activities towards the 30th anniversary of the establishment of diplomatic relations between Vietnam and Korea. many new opportunities, new development, new relationship in investment cooperation between Vietnam - Korea, Thanh Hoa - Korea. During 30 years of cooperation with Vietnam, Korea has been a leading and important partner in many fields. Korea has similarities in culture and history of Vietnam.


Representatives of Quang Ninh departments and branches met with Korean commercial counselors and businesses to learn about investment in industrial zones and economic zones.

Currently, Korea is the largest investor in Vietnam with 9,223 valid projects, with a total accumulated capital of 74.7 billion USD by December 2021; is the second largest ODA, tourism and labor partner and the third largest trading partner with bilateral trade turnover reaching 78 billion USD in 2021.

At the conference, Mr. Park Noh-wan, Korean Ambassador to Vietnam, said that 2022 will be a very meaningful year for both countries, as the two countries celebrate the 30th anniversary of establishing diplomatic relations. will hold congratulatory events in many fields such as politics, security, economy, infrastructure, health, science and technology, culture, education... and discuss new development directions for the next 30 years.

Speaking at the conference, Mr. Bui Van Khang, Vice Chairman of the Provincial People's Committee, affirmed the potential and prospects for the development of commercial investment cooperation between Quang Ninh and the Republic of Korea. Comrade shared the advantages of natural, economic and social conditions of the province with accompanying policies to create for the development of enterprises, which were approved by the Government, ministries, central branches and other stakeholders. domestic and foreign investment recorded.

From a local perspective, over the past years, the Quang Ninh - Korea strategic cooperative partnership has seen more and more new developments, among which is the effective promotion of the existing cooperation mechanism on diplomacy. The economic and cultural aspects have brought practical benefits to the people, businesses and localities of the two countries. Quang Ninh has established friendly relations with Gangwon Province (Goang Gon), cooperated in tourism development with Jeju Province,... In the field of investment, the province has 12 projects with a total registered capital reaching over 123.5 million USD from Korea (accounting for about 1.5% of total FDI in the province). Import-export turnover to the Korean market of enterprises in Quang Ninh province in 2020 will reach 58 million USD (of which export will reach 19 million USD, import will reach 39 million USD); in 2021 will reach 111.9 million USD (of which exports will reach 19.8 million USD, import will reach 92.1 million USD). It can be seen that the above figures show the results of cooperation between Quang Ninh and Korean localities, investors and businesses over the past time, there is still a lot of room for development.


Pavilion of Quang Ninh province at the exhibition area of ​​typical products of Vietnam - Korea.

He suggested the Ministry of Foreign Affairs, the Embassy of the Republic of Korea, the Korean International Cooperation Agency (KOICA), the Korean Business Association in Vietnam (KORCHAM), the Korean Chamber of Commerce and Industry in Vietnam. (KCCI) supported and introduced Quang Ninh's clothing, garment, plastic beads, speakers, and headphones manufacturing products for export to the Korean market. In addition, support to connect with businesses and investors from Korea, especially large corporations to accompany the Quang Ninh government to research and invest in the fields that Korean investors are interested in. has strengths and Quang Ninh province has outstanding competitive advantages and needs for development. For tourism, support Quang Ninh to organize online programs to introduce Quang Ninh tourism; programs to introduce tourism and culture directly in Korea; study and report to the competent authorities to open commercial routes, direct charter flights from Inchon, Gimhae, Jeju... to Van Don International Airport.

Quang Ninh welcomes and commits to accompanying and creating the most favorable conditions for administrative procedures, ensuring absolute security and safety; providing public utilities, the best conditions for investment, business, trade and tourism.

On this occasion, the Ministry of Foreign Affairs also coordinated with the Korean Embassy to organize many effective and substantive working meetings between local leaders.

attended the Conference with the Korean Ambassador; Vietnamese local departments, agencies and branches with leaders of important Korean agencies, organizations and associations and between businesses of the two sides.

At the event, the opening ceremony of the Vietnam - Korea typical product exhibition area was held with more than 20 booths from Vietnamese localities and Korean businesses, receiving much attention from the participants. conference.