Hai Phong introduces investment opportunities to RoK firms
The Hai Phong Economic Zone Authority (HEZA) on August 10 organised an investment promotion with supporting supporting businesses of the Republic of Korea’s multinational conglomerate corporation LG.
Hai Phong (VNA) - The Hai Phong Economic ZoneAuthority (HEZA) on August 10 organised an investment promotion with supporting supporting businesses of the Republic of Korea’s multinational conglomerate corporation LG.
The RoK participants expressed their wish to invest orexpand their current investment in the northern port city.
Head of the HEZA management board Le Trung Kien introduced toinvestors Hai Phong’s advantages, including the largest deep-water port in the north,a direct flight route to the RoK’s Incheon international airport, and theeducation of the Korean language at school.
The local economic zones currently house 102 RoK-funded projectsworth 8.53 billion USD, accounting for 88.4% of capital channeled in the cityby Korean investors. In the past sevent months, RoK businesses in Hai Phong sawtheir revenue and number of labourers growing by nearly 20% and 15%, respectively.
LG has so far invested in seven projects worth 7.24 billion USD in the Trang Due industrial park in An Duong district. A network of local satelliteprojects and auxiliary production for LG has also been formed with more than 50enterprises, who have injected close to 1 billion USD into the industrial park.
HEZA wished LG to further enhance its investment andproduction activities, focus on research and development (R&D), technologytransfer, and high-quality human resources training.
It suggested the group establish a R&D centre in thecity.
It also unveiled the city’s growth orientations for the timeto come that highlight circular economy, renewable energy, and a high-qualityworkforce./.
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At the event (Photo: VNA) 
