Long An works to tackle difficulties of South Korea firms

April 09, 2018 | 10:08

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Long An authority met with representatives of the South Korea business community last week in a bid to remove work related obstacles in the southern province.

long an works to tackle difficulties of south korea firms

Long An authority met with representatives of the South Korea business community last week in a bid to remove work related obstacles in the southern province. - VNS Photo

Several Korean firms such as RIOVINA, Songwol Vina, Yupoong Long An and Shilla Bags International raised concerns over electricity, water, production, recruitment and the use of employees, environmental issues and customs procedures.

They said Long An had made improvements in investment licensing, administrative procedures in construction, natural resources and environment, suggesting the province keep local firms updated on changes to facilitate their implementation.

Local authorities answered questions and pledged to continue addressing the obstacles they face.

Long An province is currently home to more than 900 foreign-invested projects from 37 countries and territories, with a combined registered capital of nearly US$ 5.71 billion.

Of them, 160 are from South Korea, worth nearly $600 million. The Korea-funded projects are mainly in infrastructure, real estate, manufacturing, clothing and animal food in the key industrial districts of Duc Hoa, Ben Luc, Can Giuoc, and Tan An City.

During the meeting, the Long An authority introduced and called for investments in several key economic projects on computing and electronic assembling and spare parts, marine transport, seaport and logistics.

VNA

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