Da Nang's Party Secretary Nguyen Van Quang (right) has a meeting with general director of Samsung Vietnam Choi Joo Ho. The city urges Samsung to expand investment in the city in the coming years. (Photo: Da Nang Portal) The city’s Party secretary Nguyen Van Quang made the remarks in a meeting withthe General Director of Samsung Vietnam Choi Joo Ho during a visit to Da Nangon April 1.
Quang said Samsung Vietnam had invested in the north and south of Vietnam butnot yet in central provinces and cities.
He expects Samsung Vietnam to eye investment in high-tech and informationtechnology and software parks in Da Nang, where infrastructure is available forinvestors.
Choi Joo Ho said Samsung Vietnam had built six plants, including two smartphonefactories in Bac Ninh and Thai Nguyen provinces, and an R&D centre and ahome electronic appliance manufacturing factory in Ho Chi Minh City since itset up investment in Vietnam in 2008.
He asked Da Nang to support Samsung Vietnam’s trading activities in the city,including the 5G network project.
Local telecommunication developer Viettel, in cooperation with Samsung Vietnam,launched a pilot 5G network project in Da Nang last December – a base forbuilding Da Nang as a ‘smart’ city by 2025.
Da Nang has been calling for investment in information and communicationstechnology (ICT) from the Republic of Korea - one of five top foreign investorsin the city - with 233 projects worth 378 million USD.
The city had made ICT infrastructure available to Korean investors forpost-COVID-19 economic recovery.
The RoK’s LG Electronics began construction of its R&D centre – the secondin Vietnam – in Da Nang last year.
The leading Korean hospitality corporation, Shilla Hotels & Resorts,debuted the Shilla Monogram Quang Nam-Da Nang resort on the beach of Quang Namand Da Nang, with a total investment of 50 million USD.
Before the pandemic, local and Korean airlines hosted 214 direct and charteredflights and carried 1.5 million tourists to the central city (50 percentinternational visitors) per week.
Flights between Da Nang and the RoK are planned for reopening in the secondquarter of 2022.
In 2020, the Consulate General of the Republic of Korea was opened in Da Nang,boosting investment and trade between the RoK and central Vietnam.
The Korea Trade and Investment Agency also opened its office in Da Nang topromote investment and connection among Korean investors.
Six industrial zones and a high-tech park in Da Nang drew 503 projects,including 130 FDI worth 1.8 billion USD and 27.56 trillion VND (1.2 billion USD),respectively, from domestic investors./.
VNA
