Long An seeks deeper investment cooperation with Korean partners

Society – Economy - Ngày đăng : 22:50, 10/11/2024

he Mekong Delta province of Long An aims to foster cooperation with investors from the Republic of Korea (RoK) to develop logistics infrastructure projects, including warehouses, ports, and support services, along with technology transfer, especially advanced technologies for industrial production and sustainable development.

long an seeks deeper investment cooperation with korean partners picture 1 — Long An province and Busan city of the Republic of Korea sign a Memorandum of Understanding on investment cooperation (Photo: VNA)

Huynh Van Son, Vice Chairman of the provincial People’s Committee, made the statement on November 8 while hosting a delegation from the Busan Chamber of Commerce and Industry led by Chairman Yang Jea Sang, who came to explore its investment environment.

He expressed his hope that the two sides would collaborate in training high-quality human resources, organising experience-sharing programmes, and providing technical support for local officials and businesses.

At the meeting, the two sides signed a Memorandum of Understanding on investment cooperation in Long An, agreeing to work together to strengthen their partnership and further enhance bilateral economic relations through trade, investment, and technology transfer.

Previously, Long An had signed cooperation agreements and MoUs with various RoK localities, including Jeollabuk-do province, Chungcheongnam-do province, and Yangsan city in Gyeongsangnam-do province.

The RoK currently ranks third among 41 countries and territories investing in Long An, with 216 projects worth over 1.1 billion USD in total. Its investments primarily focus on the textile industry, manufacturing of industrial products, agricultural product processing, real estate business, and factory leasing.

VNA