South Korea is increasing its investment capital in Hai Phong

Recently, a working delegation from Hai Phong City led by Mr. Le Tien Chau, Secretary of the Party Committee, visited South Korea for investment promotion activities, achieving many positive results and opening up new prospects.

Notably, at the 3rd investment promotion conference between the Korea Chamber of Commerce and Industry (KCCI) and the Management Board of Hai Phong Economic Zone, attended by 120 leading Korean enterprises and conglomerates, significant outcomes were achieved.

During the conference, Samsung Engineering Co., Ltd. and Sao Do Investment Group Corporation signed a cooperation agreement. Additionally, 8 new investment certificates were awarded, and the investment capital of 6 Korean companies already operating in Hai Phong was increased, totalling $ 370 million.

According to Mr Le Tien Chau, Secretary of the Hai Phong Party Committee, Hai Phong has been leading the country in attracting foreign direct investment (FDI) in recent years, with South Korea consistently ranking first in terms of both the number of projects and total investment capital.

Hai Phong has always been proactive in creating a transparent, open, and attractive investment environment, and will continue to commit to supporting and accompanying South Korean investors throughout the project implementation, production, and business operations.

"We hope that KCCI will continue to act as a bridge to encourage its members to explore new investments and expand investment scales in Hai Phong city, especially in areas such as high-tech electronics, semiconductor technology, chip manufacturing, biotechnology, renewable energy, automobile production, smart urban development, education, and training", said MrLe Tien Chau.

According to the Management Board of Hai Phong Economic Zone, there have been over 100 investment projects from South Korea in Hai Phong with a total capital of $ 12 billion, accounting for 40% of the total FDI capital in the city and 14% of South Korea's total FDI capital in Vietnam.

Recently, South Korean enterprises in Hai Phong have been operating smoothly and efficiently, actively participating in the city's social welfare activities.