Korean enterprises rank first in investment in Dong Nai

Accordingly, Korean enterprises investing in Dong Nai mostly employ local workers and make a large contribution to the budget. Dong Nai is also the locality that receives the most investment capital from Korean enterprises in the Southern region. Projects of Korean enterprises investing in Dong Nai are mainly in the industrial sector including footwear production, supporting industry production for the textile, footwear, machinery and equipment, electronics, etc. Many large Korean corporations are setting up factories in Dong Nai such as: Samsung, LG, Hyosung, Changshin, Taekwang, Hwaseung, CJ, Posco, Hansol Technics, Intops, etc. It can be seen that Korea has invested in Dong Nai hundreds of projects in many fields such as industry, services, logistics, agriculture , etc. In addition, Dong Nai province also signed cooperation agreements in many fields with Gyeongnam province of Korea.

According to the representative of the Korean Consulate in Ho Chi Minh City, Dong Nai's investment environment is quite favorable, so many Korean enterprises have invested in the province. In the coming time, when some highways through the province and Long Thanh International Airport are completed and put into operation, there will be a wave of Korean enterprises coming to the province to invest in various fields. The Korean Consulate will support enterprises with information on investment attraction policies and the industries that Dong Nai province is prioritizing.

The leader of the Department of Planning and Investment of Dong Nai province said that in the past few years, Korean investment in the province has increased quite rapidly, with large projects ranging from tens to hundreds of millions of USD. Korean enterprises, after being granted investment certificates, have started operating after only 1 to 2 years. The success of the previous enterprises has helped the later enterprises to trust and choose Dong Nai as a destination more.

South Korea is also a major import market for Dong Nai enterprises. The main imported goods from South Korea are garment materials and machinery for production. Dong Nai enterprises export to South Korea textile products, footwear, wood products, steel, plastics, etc.

Since the Vietnam - Korea Free Trade Agreement took effect, there has been a wave of Korean enterprises investing in Vietnam, in which Dong Nai is one of the most chosen destinations. The Vietnam - Korea Free Trade Agreement has brought many benefits to Korean enterprises when investing in Vietnam. Many Korean enterprises investing in Dong Nai have achieved positive results, contributing to the growing strength of enterprises, contributing to the local budget, as well as creating thousands of jobs for workers. In the coming time, Dong Nai continues to invite Korean enterprises and other countries to invest in high-tech projects, clean technology, advanced technology, new technology, modern management, high added value, spillover effects, connecting global production and supply chains.

To continue to attract foreign investment in general and from Korea in particular in the coming time, Dong Nai will continue to focus on infrastructure investment such as building connecting roads to industrial parks, highways and wharves... At the same time, continue to organize many trade and investment promotion delegations abroad, including Korea, to anticipate investment capital flows from opportunities of free trade agreements, promote administrative procedure reform in a professional and transparent direction.

Currently, Dong Nai province is planning to build 6 new industrial parks, and is inviting Korean enterprises to invest in industrial park infrastructure and services for the industrial parks. In addition, the eco-tourism sector has 6 projects calling for domestic and foreign investors to participate.

Along with that, Dong Nai province leaders and functional departments regularly dialogue and accompany businesses, promptly remove difficulties for businesses in the production and business process. With the province's motto: "Always accompany businesses, consider the success of businesses as our own success" will help Dong Nai always be a friendly and successful destination for investors from Korea and other countries in the coming years./.

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