Da Nang and Korea cooperate in investment
On December 3, 2020,
the representative of Da Nang city held an online investment promotion
conference called “Investing in Da Nang” for Korean investors and businesses.
The conference with the participation of more than 100 Korean investors and
businesses has helped investors and businesses have a new view in their
investment implementation in Da Nang market.
The conference has
promoted and introduced the business environment and cooperation opportunities
investment in Da Nang in the fields of high technology, information technology,
services, and smart city support. Recently, in the context of investment
capital inflows from Korea tends to shift to Southeast Asia due to the
influence of the Covid-19 epidemic and the US-China trade war, Vietnam is
considered to be a country which meet enough political, economic, labor and
technological conditions to make the shifting investment in an easy way.
At the conference,
representatives of Da Nang city affirmed that foreign investment is one of the
important resources for the socio-economic development of the city. For many
years, the city has always set the goal of attracting investment as the top
target, in addition, the city has actively improved the investment environment,
issued many preferential policies and supported foreign investors who invest in
the city.
In 2020, despite the
impact of the Covid-19 pandemic, there are still many investment projects of
Korean investors making investments in Da Nang. Until November 2020, Korea is
the country which has the most number of projects in Da Nang with 232 projects,
and ranked 4th in terms of capital, with a total registered investment capital
of more than 376 million USD, episode medium in the fields of services, real
estate, industrial production and information technology.
In the current period,
with the selection of a politically stable investment location, high quality
labor, reasonable investment costs and good disease control ability, Vietnam is
the top destination for Korean investors to set up company, set up factory, and
make investment in Vietnam. Currently, many large enterprises in Korea have
signed Memorandum of understanding with Da Nang city as the first step of
cooperation and investment development in Da Nang in the coming years.
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