Strengthen cooperation to create value for sustainable development

This is the issue that Mr. Trinh Viet Hung, alternate member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee and Mr. Kwon Sung Taek, Vice Chairman of the Korea & Vietnam Economic and Cultural Association (KOVECA) emphasized at the meeting between Thai Nguyen province and the KOVECA Association, which took place on the morning of July 25. The representatives of Vietnam - Korea associations and Korean investors attended the delegation of the KOVECA Association.

At the meeting, Mr. Kwon Sung Taek and members of the delegation highly appreciated the investment environment and socio-economic development results of Thai Nguyen province in recent years. At the same time, the delegation of KOVECA expressed their impression with the dynamic, creative and drastic management style of the leaders of Thai Nguyen province, especially the Chairman of the Provincial People's Committee. It is the enthusiasm, determination and unity in direction and administration of the leaders that have created a tectonic government, contribute to creating breakthrough for the economy and society of Thai Nguyen.

View of the working session.

In an open atmosphere, Korean investors expressed their desire to invest in Thai Nguyen in the near future, focusing on the fields such as: Health, information technology, biotechnology… Specifically, the projects that will be researched and invested in Thai Nguyen are: Construction of convalescence and health care hospitals; investment in golf courses and tourist areas; cooperation on labor export and investment in Korea Town urban area…

Speaking at the meeting, Mr. Trinh Viet Hung - the Chairman of the Provincial People's Committee emphasized: With the potentials, strengths and efforts of the Party committees and local authorities, Thai Nguyen is one of the most attractive destinations for domestic and international investors. Accumulated up to now, the province has 846 valid DDI projects, with a registered capital of over 146,972 billion VND; 172 valid FDI projects with a total registered investment capital of over 10 billion USD, of which 110 FDI projects are of Korean enterprises with registered capital of over 8.68 billion USD.

The Chairman of the Provincial People's Committee Trinh Viet Hung speaks at the working session.

The province commits that investors coming to Thai Nguyen will enjoy the best incentive mechanism according to the policy of Vietnam. In addition, Thai Nguyen also has special support mechanisms for enterprises that have large investment capital, recruit a lot of workers, use land in a reasonable way, protect environment harmoniously and grow stably and sustainably.

With the fields and projects that Korean investors are studying, wishing to invest in Thai Nguyen, the Chairman of the Provincial People's Committee Trinh Viet Hung assigned relevant departments, agencies and units to immediately work and discuss specifically with investors. He affirmed: Thai Nguyen meets all the conditions investors need and will create the most favorable conditions, always accompany with investors. At the same time, he hopes that the projects and works will soon become reality and the cooperation relationship between Thai Nguyen and Vietnam - Korea associations as well as Korean investors will better develop.

The delegation takes photos with the Chairman of the Provincial People's Committee and representatives of units of Thai Nguyen province.

On this occasion, Thai Nguyen province and KOVECA Association exchanged souvenirs to show their affection towards a future of cooperation and comprehensive development.