Promoting investment cooperation between Busan enterprises and Vietnamese localities
WVR - The Consulate General of Vietnam in Busan (Republic of Korea) organized a seminar to connect investment between the localities of Quang Ninh, Bac Ninh, and the Busan Technopark Business Association, aiming to exchange cooperation opportunities in the fields of industry, energy, environment, and seafood processing.
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| The scene of the investment connection seminar between Vietnamese localities and Busan enterprises. (Source: Vietnamese Consulate General of Vietnam in Busan) |
At the seminar, Vietnamese Consul General in Busan Doan Phuong Lan emphasised that this is an opportunity for leaders of the two localities to introduce their potential, strengths, and investment opportunities to the Busan business community. Quang Ninh and Bac Ninh play important roles in the economic development of the northern region, with expanded development space and investment attraction potential following mergers.
According to Consul General Doan Phuong Lan, the advantage of industrial land funds and logistics infrastructure systems facilitates the attraction of investment projects, especially in high-tech fields.
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| Consul General Doan Phuong Lan chairs the seminar. (Source: Vietnamese Consulate General of Vietnam in Busan) |
On the Republic of Korea side, the Chairman of the Busan Technopark Business Association, also the CEO of Dongwon APEX, affirmed that Vietnam is one of the Republic of Korea's important economic partners, expressing hope that the seminar will open opportunities for long-term cooperation projects between businesses from both sides.
Within the program's framework, Busan enterprises proposed several specific cooperation directions with Vietnam. Areas of interest include the production of safety technology equipment and disaster prevention; Korean language, welding, and shipbuilding training; investment in solar and wind power projects; and the production of valves for the shipbuilding and offshore oil and gas industries.
Some businesses also expressed a desire to expand activities in electric vehicle fire-fighting equipment, maritime safety, and seafood processing. In particular, Republic of Korea enterprises proposed combining Republic of Korea processing technology with Vietnamese raw materials and labor to produce seafood for export to the U.S., China, and European markets.
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| Vice Chairman of Quang Ninh City People's Committee Le Van Anh discusses and addresses concerns of Republic of Korea investors. |
During the event, Quang Ninh representatives introduced investment attraction policies and priority development areas. Quang Ninh focuses on developing the Quang Yen coastal economic zone, inviting Republic of Korea enterprises to invest in shipbuilding infrastructure and supporting industries.
In the energy sector, the locality aims to develop wind, solar, and LNG power projects with a total planned capacity of about 20,000 MW, including nearly 29 projects. Quang Ninh also hopes Republic of Korea partners will participate in researching and investing in these projects.
Additionally, the locality calls for non-budget capital and investment in the form of public-private partnerships (PPP) to develop urban and industrial wastewater treatment systems; encourages Republic of Korea enterprises to survey and propose suitable technology solutions. In the seafood sector, Quang Ninh seeks to adopt deep processing technology to enhance product value and expand export markets.
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| Delegates attending the seminar take a commemorative photo. (Source: Vietnamese Consulate General of Vietnam in Busan) |
The seminar contributes to enhancing direct connections between Busan enterprises and Vietnamese localities, laying the foundation for parties to continue exchanging, seeking partners, and promoting specific cooperation projects in the near future.
(Source: Consulate General of Vietnam in Busan, RoK)
