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Korea to open investment and trade promotion office in Đà Nẵng

Update: September, 11/2018 - 19:00
The administrative centre of Đà Nẵng. The South Korea Trade and Investment Agency (KOTRA) will open a representative office in the central city later this year. — VNS Photo Công Thành
Viet Nam News

ĐÀ NẴNG — The South Korea Trade and Investment Agency (KOTRA) will open a representative office in the central city to promote investment and connection among Korean investors.

President of KOTRA in Southeast Asia and Oceania, Kim Ki Joon made the announcement at a meeting with the central city’s leadership on September 10.

Kim, who is general director of KOTRA in Hà Nội, said "the introduction of an office in Đà Nẵng aims to boost investment from Korea to the city and help promote tourism".

He said KOTRA moved its office from Singapore to Hà Nội in August.

Kim said KOTRA hoped to inaugurate the office in Đà Nẵng in late November 2018.

Đà Nẵng is the third city in Việt Nam with a KOTRA office after HCM City in 1992 and Hà Nội in 1996.

The state-funded trade and investment promotion organisation of Korea has 126 offices in 85 countries.

According to the city’s investment and planning department, Korean investors poured US$556 million in 112 direct investment projects in Đà Nẵng.

Đà Nẵng’s export turnover reached $17 million – marking growth of 14.5 per cent – in the first half this year, while imports from Korea totalled $36.5 million.

Korea plans to open a Consulate Office in Đà Nẵng City to boost tourism and investment.

Korean tourists are the second largest segment of foreign tourist arrivals to Đà Nẵng with nearly 1 million visiting the city last year, nearly 20 per cent of total foreign travellers.

Both Vietnamese and Korean budget airlines have operated daily flights between Korean cities and Đà Nẵng since 2014.

According to the city’s tourism department, there are 12 flights from Korea to Đà Nẵng every week, carrying an average of 1,500 passengers. — VNS

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