On December 3, 2020, the representative of Da Nang city held an
online investment promotion conference called “Investing in Da Nang” for Korean
investors and businesses. The conference with the participation of more than
100 Korean investors and businesses has helped investors and businesses have a
new view in their investment implementation in Da Nang market.
The conference has promoted and introduced the business
environment and cooperation opportunities investment in Da Nang in the fields
of high technology, information technology, services, and smart city support.
Recently, in the context of investment capital inflows from Korea tends to
shift to Southeast Asia due to the influence of the Covid-19 epidemic and the
US-China trade war, Vietnam is considered to be a country which meet enough
political, economic, labor and technological conditions to make the shifting investment
in an easy way.
At the conference, representatives of Da Nang city affirmed that
foreign investment is one of the important resources for the socio-economic
development of the city. For many years, the city has always set the goal of
attracting investment as the top target, in addition, the city has actively
improved the investment environment, issued many preferential policies and
supported foreign investors who invest in the city.
In 2020, despite the impact of the Covid-19 pandemic, there are
still many investment projects of Korean investors making investments in Da
Nang. Until November 2020, Korea is the country which has the most number of
projects in Da Nang with 232 projects, and ranked 4th in terms of capital, with
a total registered investment capital of more than 376 million USD, episode
medium in the fields of services, real estate, industrial production and
information technology.
In the current period, with the selection of a politically
stable investment location, high quality labor, reasonable investment costs and
good disease control ability, Vietnam is the top destination for Korean
investors to set up company, set
up factory, and make investment in Vietnam. Currently, many large enterprises
in Korea have signed Memorandum of understanding with Da Nang city as the first
step of cooperation and investment development in Da Nang in the coming years.
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