SEOUL — The
Speaking before an audience of South Korean businesspeople, Chairman of Vĩnh Phúc provincial People’s Committee Nguyễn Vân Trì highlighted the province’s convenient location in Việt
He informed the South Korean business circle that the province has made efforts to streamline its administrative procedures, upgrade infrastructure, especially at industrial zones, and train the local labour force.
The provincial leader reported that Vĩnh Phúc is now home to more than 300 foreign direct investment (FDI) projects, including many run by South Korean corporations such as Partron Vina, Haesung Vina, Bangjoo and Interflex. Several more South Korean firms, namely Interflex, Young Poong Electronics and Korea Circuit, are planning investments worth close to US$1 billion in the Đồng Sóc industrial cluster.
He urged South Korean firms to consider investing in fields such as supporting industry for automobile and electronic part production, farm produce processing, urban areas, hotels, eco-tourism, education-training and health care.
Vietnamese Ambassador to South Korea Nguyễn Vũ Tú briefed the conference on the growing strategic co-operative partnership between Việt
Each country has around 150,000 citizens living and working in the other country.
The ambassador said sound political ties and close people-to-people exchange were factors that help boost economic cooperation between the two sides.
He stressed that with high GDP growth of 6.8 percent last year, Việt