LG Group (Korea) has 7 project at Trang Due Industrial Park (Hai Phong)
Korean investors' projects in Hai Phong all have advanced technology and make important contributions to this city's industry.
Korean investors dominate
In Hai Phong, Korean investors have been present in many fields such as garments, electronics, car, finance, Bank... Of which, the majority of investment projects are in industrial parks and zones economy in the field of electricity - electronics, automobiles... and from the world's leading technology corporations such as LG, Heesung, Ohsung, Woosung...
Mr. Le Trung Kien, Head of the HAI PHONG ECONOMIC ZONE AUTHORITY (HEZA), said that among Korean investors investing in Hai Phong, the most prominent is LG Group, with 7 projects. at Trang Due Industrial Park. These projects all produce high-tech products (audio-visual, mobile, household appliances and refrigeration equipment, to supply to the global market).
LG's projects have a total investment capital of 7,24 billion USD. Along with that, LG's network of satellite projects and auxiliary production was formed with more than 50 enterprise Investing in Trang Due Industrial Park, with a total investment capital of nearly 1 billion USD. Thus, the total number of projects of LG and related supporting businesses contributes nearly 97% of the total FDI capital of Korean investors in industrial parks and economic zones in this locality.
“The LG Group's complex of projects has made many positive contributions to the City's socio-economic development, promoting the modernization of industry, applying high technology in production, and forming a production chain. Promoting linkages between foreign and domestic enterprises, increasing the rate of production localization and developing supporting service industries; At the same time, it solves the great employment need for the City, maintaining stable income for workers," Mr. Kien affirmed.
Specifically, in 2021, the revenue of businesses with investment capital from Korea will reach 13,1 billion USD; Export turnover reached 13,59 billion USD (of which, LG's ecosystem is 12,4 billion USD); imported 12,13 billion USD, paid to the budget 3.249,02 billion VND, equivalent to 142 million USD (LG's ecosystem alone contributed more than 95,3 million USD).
The total number of employees working at Korean-invested enterprises is about 40.940 people. Of these, there are 39.230 Vietnamese workers and 1.710 foreign workers; Average income is 10,5 million VND/person/month.
In LG's development strategy in Hai Phong, the Group will establish a research and development center at their production complex in Trang Due Industrial Park. Chairman of the City People's Committee. Hai Phong, Mr. Nguyen Van Tung also committed that the City will support and create all conditions for LG Group to soon implement this plan.
Welcoming the "eagle"
It can be seen that attracting investment and welcoming a big "eagle" like LG will bring great efficiency in both capital flow and capital flow quality. This is also Hai Phong's strategy to attract investment in the period 2020-2025.
Director of the Foreign Investment Department (Ministry of Planning and Investment) Do Nhat Hoang assessed: "Hai Phong is doing very professionally and very well in investment promotion and selecting FDI capital flows to bring economic efficiency." best economy for the locality".
Also according to Mr. Hoang, Hai Phong needs to continue to improve infrastructure, continue to open up investment resources and human resources, continue to improve the investment environment, and accompany investors to welcome more capital flows. Large FDI in the coming time.
It is expected that in 2022, there will be 20 Korean investors with demand for premises that the HAI PHONG ECONOMIC ZONE AUTHORITY and other companies investing in developing industrial park and economic zone infrastructure are receiving. approaching, with a total need of about 200 hectares, total investment capital of about 2 - 4 billion USD, creating 10.000 - 12.000 additional jobs.
Particularly on April 15, HEZA awarded a certificate of investment capital increase to Halla Electronics Vina Co., Ltd. - Trang Due Industrial Park with an additional capital of 4 million USD.
Mr. Min Moon Ki, commercial attaché, representative of the Korean Embassy in Vietnam, said that in 2022, the Governments of the two countries will raise the cooperation framework to a comprehensive level and Hai Phong will have more opportunities and contributions. contribute to this relationship.
“This year, we will witness a new wave of investment in Vietnam with large capital and advanced technology. Hai Phong is a locality that has the advantage of being close to Hanoi and has developed infrastructure, so investors always prioritize considering Hai Phong as a destination," Mr. Min Moon Ki shared.
Source: baodautu.vn