South Korea Leads the Number of FDI Projects in Quang Nam

South Korea Leads the Number of FDI Projects in Quang Nam

Of the more than 20 countries and territories directly invested in Quang Nam, South Korea ranked first with 31 projects, total registered capital of over US$ 250 million. Of these, 20 projects is operating production and the remaining projects are under construction.

Investment in Vietnam - In the morning of December 16, the People's Committee of Quang Nam, chaired by Vice Chairman Le Tri Thanh, had a meeting to promote investment to Korean enterprises.

According to statistics, Quang Nam has nearly 6,000 operating enterprises, including 147 foreign direct investment projects with a total registered capital of more than US$ 5.57 billion.

According to data from 2017, Korean businesses are now employing nearly 10,000 laborers, earning US$ 60 million, exporting US$ 34 million and contributing US$ 1.5 million to state budget.

Mr. Han Chul Joo- Deputy General Director of MTV PANKO TAM THANG Co., Ltd. said that his company has surveyed many areas and finally chose Quang Nam to invest.

"Quang Nam has a great opportunity to develop the industrial economy. It has infrastructure for airports, seaports, convenient transportation, skilled labor force and a land of growth "said Mr. Han Chul Joo.

Mr. Ryu Hang Ha, President of Korean Enterprise Association ( KOCHAM) in Vietnam, also stated that Quang Nam province has a good geographical location, investment environment and infrastructure, so it is very convenient and suitable for Korean investors.

At the meeting with Korean investors, Le Tri Thanh, Vice Chairman of the province introduced the potential, advantages, priority areas to attract investment of the province, and once again pledged to create the most favorable conditions for Korean businesses.

"All industrial parks and industrial clusters will be relocated to areas with favorable traffic conditions and synchronous infrastructure to meet the needs of investment projects. Up to now, 40 South Korean companies have been surveyed and invested in Quang Nam, of which Truong Hai Auto Joint Stock Co (THACO) has cooperated with many Korean partners, proving the success of Korean enterprises in Quang Nam, "Thanh said.

Regarding investment orientation, Thanh said that the specific areas that Quang Nam province prioritizes to attract Korean businesses, including investment in infrastructure construction of industrial parks and industrial clusters, mechanical engineering industry, supporting industry for assembly industry, electric and electronic industry, supporting industries of apparel, footwear, construction materials, agro-forestry-fishery products; The agricultural sector applies advanced technology such as growing and processing precious herbs of high economic value.


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