Long An, RoK enterprises seek cooperation opportunities

Secretary of the provincial Party Committee Nguyen Van Duoc said Long An has signed cooperation agreements and memorandums of understanding on economic - cultural - social development cooperation with Korean localities including South Chungcheong province, North Jeolla, and Yangsan city of South Gyeongsang province.

The province wishes and is ready to cooperate with Korean investors in such fields as high technology, supporting industries, manufacturing and processing, automobile assembly, automobile component production, smart ecological urban areas development, seaport services, import-export services, logistics, renewable energy, agricultural product export, high-tech agriculture, and high-tech agriculture model combined with eco-tourism.

Meanwhile, Korean businesses expressed their interest in investment opportunities in Long An province, and briefed participants on their strengths and areas of interest as well as their plans to expand investment cooperation in Vietnam in general and Long An province in particular.

Currently, Korean investors have 207 projects in Long An province, with a combined investment capital of over US$960 million, accounting for 9% of total foreign direct investment (FDI) in the province, ranking 2nd in the number of projects and 3rd in terms of investment capital.

Long An is among the 10 localities with the biggest FDI attraction in Vietnam.