Dong Nai: A trusted destination for RoK investors

On August 11, Standing Vice Chairman of the Dong Nai City People's Committee Nguyen Kim Long received a delegation from the Consulate General of the Republic of Korea (RoK) in Ho Chi Minh City, led by Consul General Jung Jung Tae. Leaders of several city departments and agencies also attended the meeting.

Speaking to the city leader, Consul General Jung Jung Tae spoke highly of Dong Nai's increasingly interconnected transport infrastructure, including Long Thanh International Airport and a network of expressways. These developments are of particular interest to many RoK businesses. Jung Jung Tae said he was ready to work with Dong Nai's leaders to promote the city among RoK businesses, affirming that Dong Nai remains a trusted destination for RoK investors.

He also expressed his hope that the city authorities would continue to support and create favorable conditions for RoK businesses already operating or investing in Dong Nai.

Standing Vice Chairman Nguyen Kim Long presents a commemorative painting to the Consul General of the RoK in Ho Chi Minh City. Photo: Ngoc Lien

Speaking at the meeting, Standing Vice Chairman Nguyen Kim Long said Dong Nai was taking on the important role of becoming a new growth pole for the Southern region and the country. Together with Long Thanh International Airport, the city has an increasingly interconnected transport infrastructure system and favorable conditions for economic development.

Consul General Jung Jung Tae presents a souvenir gift to Dong Nai leader. Photo: Ngoc Lien

Among foreign-invested enterprises in Dong Nai, RoK investors currently account for the largest share of foreign investment in the city, with total registered capital of nearly US$8.3 billion. Standing Vice Chairman Nguyen Kim Long expressed his appreciation for the contributions of RoK businesses to Dong Nai's socio-economic development over the years.

Dong Nai authorities are committed to creating the most favorable conditions for investors coming to the city. The city's advantageous geographical location, together with strong support from local authorities for businesses, has helped build a solid foundation for long-term cooperation.

Standing Vice Chairman Nguyen Kim Long and leaders of several city departments and agencies pose for a group photo with the delegation from the Consulate General of the RoK in Ho Chi Minh City. Photo: Ngoc Lien

Dong Nai has made clear that FDI projects must use new technologies, minimize environmental impacts and meet the city's criteria for selective investment attraction. The city is currently revising the planning for areas within a 5-20km radius of Long Thanh International Airport. The area around the airport will focus on green, environmentally friendly industries, technology infrastructure and logistics. The city also plans to promote trade and services and attract investment in commercial and financial centers around Long Thanh International Airport. Processing industries and heavy industries will be relocated to the Northern part of Dong Nai.

Dong Nai is also preparing a master plan for the entire city, which is expected to be announced in the fourth quarter, when the city will also step up investment promotion and call for investment in projects. The city is considering plans to develop urban areas that can meet the needs of experts living and working in Dong Nai. The city is confident that it can develop a full range of services to meet the needs of foreign experts. In addition, Dong Nai is ready to help businesses connect with universities, colleges and vocational schools to train workers and develop the workforce they need.

Given Dong Nai's overall development strategy and its long-standing relationship with RoK, the city leader hoped that the Consul General will continue to serve as a bridge between the city and RoK businesses. Dong Nai is committed to supporting businesses and focusing on resolving their difficulties and obstacles throughout the investment process, from investment registration to the start of production and business operations in the city.

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