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. /.