Ha Nam province facilitates operations of Korean firms
The northern province of Ha Nam has stepped up investment promotion in the Republic of Korea (RoK) and joined many Korean cultural activities in Vietnam, a local official has said.
As of March 2021, Ha Nam is home to 148 Korean enterprises, making up 45 percent of FDI firms in the locality, with total investment amounting to 1.6 billion USD. (Photo: VNA)
The northern province of Ha Nam has stepped up investment promotion in the Republic of Korea (RoK) and joined many Korean cultural activities in Vietnam, a local official has said.Chairman of the provincial People’s Committee Truong Quoc Huy told Korean Ambassador to Vietnam Park Noh-wan at a working session in Ha Nam on March 19 that the province attaches importance to its friendship and effective cooperation with the RoK Embassy as well as trade promotion organisations of the two countries.
Ha Nam has set up a Korean trade promotion centre, called Korea Desk. Meanwhile, Korean firms in Ha Nam have established an association, aiming to support each other in production and business.
As of March 2021, Ha Nam is home to 148 Korean enterprises, making up 45 percent of FDI firms in the locality, with total investment amounting to 1.6 billion USD, Huy said, adding that such firms have employed 30,000 labourers.
The province highly values the operation capacity of Korean businesses, and has drastically implemented solutions to remove their difficulties in labour shortages, according to the official.
He proposed the Korean Embassy in Vietnam help to promote Ha Nam’s investment climate to Korean firms, organise Korean language traing courses, and train high-quality human resources for Korean enterprises.
Representatives from Korean investment promotion organisations and businesses spoke highly of the local investment environment, especially commitments of the provincial People’s Committee to investors.
They suggested Ha Nam deal with the labour shortages, especially high-quality workforce, and provide housing assistance for Korean experts.
Park said the embassy has cooperated with Vietnamese agencies and organisations to advance the relationship between the two countries to a comprehensive strategic partnership.
The embassy will continue to promote the image of Ha Nam as a friendly and model locality to Korean businesses and groups, he pledged. /.
en.vietnamplus.vn
Related News
EU firms’ confidence in Vietnam increases again: EuroCham
15:36 | 09/10/2023 Import-Export
The European Chamber of Commerce Vietnam (EuroCham) announced on October 9 its Business Confidence Index (BCI) for the third quarter of 2023, showing that the BCI has regained its upward trajectory in the period, which offers a glimmer of hope for the Vietnamese business environment after a turbulent year.
Bankers propose resolution to support firms, people
15:16 | 21/07/2023 Finance
The Vietnam Banks Association (VNBA) has suggested the Government submit a request to the National Assembly for a resolution to support firms and people to overcome difficulties and promote business development like they did during the COVID-19 pandemic.
Vietnamese food firms attend China’s SIAL Shanghai 2023
15:27 | 19/05/2023 Import-Export
Dozens of Vietnamese food firms are joining Shanghai International Food Exhibition (SIAL Shanghai 2023) taking place from May 18-20 in China’s Shanghai city.
Practical incentives needed to help firms adopt green practices: official
17:50 | 14/05/2023 Headlines
Investment in sectors related to green growth has been on the rise, but it is necessary to devise practical incentives to help businesses effectively adopt green production and business practices, an official has said.
Latest News
Embracing green exports: a pathway to enter global supply chains
10:33 | 20/02/2025 Import-Export
This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises
10:32 | 20/02/2025 Import-Export
The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%
16:18 | 19/02/2025 Import-Export
This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high
15:29 | 18/02/2025 Import-Export
In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
More News
Shrimp exports grow in the first month of 2025
15:28 | 18/02/2025 Import-Export
According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term
08:10 | 17/02/2025 Import-Export
Việt Nam’s rice export prices have declined, reaching their lowest level in three years.
Key agro products expected to maintain export growth this year
08:08 | 17/02/2025 Import-Export
At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
EU issues 12 warnings against Việt Nam’s food and agricultural exports
08:07 | 17/02/2025 Import-Export
The Việt Nam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.
Việt Nam to impose VAT on low-value express-imported goods
08:06 | 17/02/2025 Import-Export
Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.
Exchange rate risks need attention in near future
16:31 | 15/02/2025 Import-Export
VCN - Exchange rate developments in 2025 are considered to be quite complicated due to US policies related to trade and investment.
Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month
16:30 | 15/02/2025 Import-Export
VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.
Import and export turnover reaches about US$29 billion in the second half of January 2025
14:52 | 14/02/2025 Import-Export
VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
Market edges up slightly as liquidity remains low
14:48 | 14/02/2025 Import-Export
Market breadth remained positive, with 161 gainers outnumbering 144 decliners.
Your care
Latest
Most read
Embracing green exports: a pathway to enter global supply chains
10:33 | 20/02/2025 Import-Export
This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises
10:32 | 20/02/2025 Import-Export
The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%
16:18 | 19/02/2025 Import-Export
This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high
15:29 | 18/02/2025 Import-Export
In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025
15:28 | 18/02/2025 Import-Export
According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.