Dong Nai leaders meet with RoK enterprises to address their challenges and concerns

On November 6, Deputy Secretary of the Provincial Party Committee (PPC) and Chairman of Dong Nai People’s Committee Vo Tan Duc received and had a working session with Kim Nyoun Ho, Chairman of the Korea Chamber of Commerce in Vietnam (KOCHAM). The meeting was also attended by Kim Young Whan, Chairman of the KOCHAM Dong Nai, leaders of the Republic of Korea (RoK) enterprises operating in Dong Nai; and representatives of the province’s departments and agencies.

Overview of the meeting. Photo: Ngoc Lien

Exchanging information with Provincial leadership on the operations of Korean enterprises in Dong Nai, Chairman Kim Nyoun Ho noted that Dong Nai is one of the key economic growth hubs in Southern Vietnam and has drawn significant attention from KOCHAM Vietnam and the RoK businesses seeking new investment opportunities. KOCHAM Vietnam currently represents about 1,000 member enterprises operating in the Central and Southern regions of Vietnam.

Chairman of KOCHAM Dong Nai Kim Young Whan, representing the RoK enterprises in the province, speaks at the meeting. Photo: Ngoc Lien

In addition to its role in connecting and supporting the RoK business community in Vietnam, KOCHAM Vietnam has also been actively engaged in social and community development programs, contributing to local socio-economic growth, including in Dong Nai. Along with sharing updates on the RoK enterprises’ operations in Vietnam and Dong Nai, Kim Nyoun Ho raised several issues concerning policies on on-the-spot import-export and value-added tax (VAT) refunds related to such activities.

Dau Duc Anh, Deputy Head of the Dong Nai Tax Department, responds to the RoK enterprises’ inquiries regarding on-the-spot import-export and VAT refund policies. Photo: Ngoc Lien

According to Kim Nyoun Ho, recent adjustments in Vietnam’s policies on on-the-spot import-export and VAT refunds have created difficulties for some RoK businesses, affecting their refund progress. From these challenges, Kim Nyoun Ho and the RoK businesses in Dong Nai expressed their hope that the Provincial leadership, relevant departments and sectors would consider solutions to address these issues promptly, thereby facilitating smoother operations and encouraging further RoK investment in Dong Nai in the coming time.

Tran Vu Hoai Ha, Deputy Director of the Dong Nai Department of Finance, provides information on the issues raised by businesses at the meeting. Photo: Ngoc Lien

At the working session, representatives from the Dong Nai Tax Department, the Department of Finance, and Dong Nai Economic and Industrial Zones Authority (DEIZA) provided detailed responses to KOCHAM Vietnam’s working delegation.

Pham Viet Phuong, Acting Deputy Head of the DEIZA, addresses the RoK businesses’ questions. Photo: Ngoc Lien

After listening to the answers from relevant agencies, Deputy Secretary of the PPC and Chairman of the Provincial People’s Committee Vo Tan Duc acknowledged the concerns and proposals raised by KOCHAM Vietnam and the RoK enterprises in Dong Nai. He directed relevant departments to review and recommend solutions to help resolve the issues in a timely and effective manner.

Deputy Secretary of the PPC and Chairman of the Provincial People’s Committee Vo Tan Duc presents a souvenir gift to KOCHAM Vietnam Chairman after the working session. Photo: Ngoc Lien

Chairman of the Provincial People’s Committee Vo Tan Duc emphasized that the RoK remains the leading investor in Dong Nai in both project numbers and capital value, with 458 RoK-invested projects totaling more than US$8.1 billion. These projects employ over 171,000 workers, including nearly 2,000 foreign employees.

Major RoK investors in the province include Hyosung Group with 4 projects worth more than US$2.2 billion; Chang Shin Vietnam Co., Ltd. with 4 projects totaling over US$380 million; Taekwang Vina Industrial JSC with 2 projects valued at more than US$313 million; and Posco VST Co., Ltd. with a project worth US$300 million.

KOCHAM Vietnam’s delegation poses for a photo with Dong Nai provincial leaders and department representatives after the working session. Photo: Ngoc Lien

The RoK businesses in Dong Nai have operated effectively and in full compliance with Vietnamese laws on investment, environment, construction, and labor. They have made significant contributions to the province’s socio-economic development, building strong trust not only with Dong Nai authorities but also with Vietnam as a whole through advanced technology, product quality, and management expertise.

Chairman of the Provincial People’s Committee Vo Tan Duc expressed hope that through this meeting with KOCHAM Vietnam, KOCHAM Dong Nai, and the RoK enterprises in Dong Nai, existing challenges will be resolved soon, paving the way for strengthened connections and enhanced cooperation between Dong Nai and the RoK partners in the near future.

By Ngoc Lien – Translated by M.Nguyet, Thu Ha