Twenty businesses from Ulsan city, the Republic of Korea, arrived in central Quang Ngai province on November 17 to explore investment opportunities.
They visited the Dung Quat Economic Zone Management Board and were briefed of local incentives and sectors calling for investment by Tran Ngoc Cang, Chairman of the Quang Ngai provincial People’s Committee.
Quang Ngai is offering preferential treatments regarding land lease, and assistance to infrastructure cost of projects on rural farming, education, healthcare, culture and sports and the environment.
It has also pledged financial assistance to labor training; and support for trade and investment promotion, marketing and administrative procedures for investors.
Visiting Korean businesses sought information on land rent, high-technology development policies, and opportunities for partnerships in education, vocational training, and support industries.
They also heard views from the Korean businesses currently operating in Vietnam.
The RoK has become one of the biggest investors of Vietnam with a total investment of over 49 billion USD, according to RoK Ambassador to Vietnam Lee Hyuk in an interview with reporters from the Cong Thuong (Industry & Trade) newspaper.