It is the second South Korean Consular General to be opened in Vietnam after HCM City.

S Korean Ambassador to Vietnam Park Noh Wan said Da Nang would become a centre for cultural exchange and traditional friendship between the two countries.

South Korean and Vietnamese representatives take part in a ribbon cutting event to inaugurate the Consulate General of Korea in Da Nang.

He said Covid-19 had stopped Korean tourists from travelling to Vietnam, but Da Nang promised to be a popular destination in the future.

He said the resumption of flights between Vietnam and South Korea had been discussed during a visit by the Republic of Korea (RoK)’s National Assembly Deputy Park Byeong-seug to Vietnam earlier this week.

The Korean Consulate Office, located in Ngu Hanh Son District, will cover administration across Da Nang, Quang Nam, Quang Ngai and Thua Thien-Hue to promote tourism and investment connections between world heritage sites in central Vietnam with popular destinations including Jeju Island, Incheon, Seoul and other parts of S Korea.

On the occasion, the Korean side also donated US$20,400 to help flood victims in Thua Thien Hue and Quang Ngai provinces.

Last month, Korea’s LG Electronics began building a R&D centre – the second of its kind in Vietnam – at the Da Nang Information Technology Park Tower.

In 2018, the South Korea Trade and Investment Agency (KOTRA) also debuted its representative office in Da Nang.

South Korea helped Da Nang build the Vietnam-Korea Friendship Information Technology College with Official Development Aid (ODA) of $10 million from the South Korean government in 2014.

According to the city’s Investment Promotion Agency, Korea was one of the top five foreign investors in Da Nang with 232 projects worth $390 million.

Da Nang export turnover reached $17 million – marking growth of 14.5 per cent – in the first half this year, while imports from Korea totalled $36.5 million.

Earlier this year, Shilla Hotels & Resorts – a new flagship hospitality corporation in South Korea – opened Shilla Monogram Da Nang with an investment of $50 million.

Both Vietnamese and South Korean airlines used to operate 12 flights weekly between South Korean cities and Da Nang, but Covid-19 has suspended tourism links between the countries.

Samsung heir visits Vietnam to discuss possible investment plans

Samsung Electronics vice chairman Lee Jae-yong departed for Vietnam for a three-day visit to explore business opportunities.

Bac Giang draws over 100 investment projects in first 9 months

(BGO) – Amid the common difficulties, Bac Giang province has recently achieved positive result in investment attraction. Since early this year, the province has attracted 941 million USD of invested capital, accounting for 95.3 percent of the same period last year.

Bac Giang makes progress in improving investment and business environment

(BGO) – After nearly 5 years of implementation of Resolution No. 73, the investment and business environment of Bac Giang province has changed significantly. In particular, the thinking and awareness of authorities from the provincial to grassroots levels have been raised, opening up a new perspective and a new way of doing with new motivation and determination.

Vietnam facilitates investment of EU firms

Prime Minister Nguyen Xuan Phuc on September 16 hosted a reception for Dutch and Belgian Ambassadors, Elsbeth Akkerman and Paul Jansen, along with EU investors who want to pour capital into a seaport logistics project worth nearly US$1 billion in Vietnam.

Bac Giang grants new investment registration certificate to 23 projects at industrial parks

(BGO) – According to the Management Board of industrial parks (MBIP) in Bac Giang province, the MBIP has granted new investment registration certificate to 23 projects, including 15 foreign direct investment (FDI) and 8 domestic investment projects with total registered capital of over 296 million USD and 273 billion VND (11.7 million USD) respectively.

Source: VNS