The People’s Committee of central Khanh Hoa province held an investment promotion conference on October 23 with a delegation of 16 enterprises from the Republic of Korea (RoK), led by Ahn Seong-ho, Trade Counsellor at the RoK Consulate General in HCM City. 

A view of the investment promotion conference in Khanh Hoa on October 23.
(Photo: VNA)

Representatives from the provincial Department of Planning and Investment, Van Phong Economic Zone Management Board, and Cam Ranh International Airport introduced the guests to the province’s potential and advantages, fields calling for investment, and preferential policies for foreign investors in Vietnam in general and in Khanh Hoa in particular.

Chairman of the provincial People’s Committee Nguyen Tan Tuan highlighted the locality’s economic development orientations and expressed his hope that participating enterprises will seek business and investment opportunities and expand their markets to contribute to fostering two-way trade and investment between the two countries.

Khanh Hoa has set a target of developing three key economic zones - Nha Trang Bay, Cam Ranh Bay, and Van Phong Bay - and is calling for investment in tourism seaport services, aquaculture and aquatic product processing, maritime and aviation services, and shipbuilding.

The province has attracted 79 FDI projects to date with total capital of US$3.6 billion. The RoK ranks second in terms of investment value, after Japan.

The participating RoK enterprises spoke highly of Khanh Hoa’s potential and advantages, saying they will conduct fact-finding tours shortly.