Seoul (VNA) – Vice Chairman of theHung Yen provincial People’s Committee Nguyen Van Phong called for foreign investment,including those from the Republic of Korea (RoK) at a workshop in Seoul onApril 13.

The event saw the participation of VietnameseVice Ambassador to the RoK Tran Anh Vu, representatives the Korea Chamber ofCommerce and Industry (KCCI) and 100 entrepreneurs from RoK and other nationseyeing on Hung Yen investment opportunities.

Phong introduced his locality’s potential to participants, underlining theyoung population, trained human resources, stable economic growth andincreasing export value.

Hung Yen has focused its investment ondeveloping technical infrastructure and human resources training.

The province is home to numerous successful RoKinvestors, including Hyundai Aluminum Vina, Tae Yang Vietnam, DongYang, MiraeFiber, Phong affirmed.

He pledged that the locality will create themost favourable condition possible for foreign investors in line with thecountry’s law.

Addressing the event, Kang Homin from KCCI saidmany RoK firms have smoothly operated in Hung Yen, adding that the event willpresents a good opportunity for RoK enterprises to have an insight into theprovince’s potential.

He also offered to connect local enterpriseswith Hung Yen, affirming that strengthening trade exchanges between the twosides will contribute to economic and diplomatic ties between Vietnam and theRoK.

In his address at the event, Vice Ambassador Tran Anh Vu said the RoK hasbecome one of Vietnam’s biggest investors, with over 50 billion USD and 5,600enterprises, which created jobs for around 700,000 labourers and accounted for30 percent of the country’s total exports.

The presence of such big names as Samsung, LG,Hyundai, Kia, Lotte, Posco, Shinhan, Hyosung, Hanwha in Vietnam has proven theattraction and safety of the country’s business environment, he said.

He underlined the win-win Vietnam – RoKrelations, saying that they explore financial and technological resources ofthe RoK and skilled and large human resources of Vietnam.

The diplomat expressed his belief that more RoKfirms will invest in Hung Yen to implement new projects and expand the existingones after the event.

At the workshop, representatives from differentsectors of Hung Yen introduced big projects calling investments.

The event also witnessed the signing of twomemoranda of understanding on developing a 3,000-hectare industrial zone andbuilding and operating a waste treatment plant in Hung Yen province.-VNA