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Thursday, November 21, 2024

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Korean perspectives on central Vietnam

Kang Boo Sung, consul general of South Korea in Danang City, discusses how Danang and its neighboring provinces in central Vietnam can attract Korean investors, particularly in high-tech industries The Saigon Times: Can you share your thoughts on cooperation and investment ties between South Korea and central Vietnam? Kang Boo Sung: Korean companies have made significant strides in central Vietnam, particularly in Danang. Dentium, a high-quality implant manufacturer, exemplifies this trend. It is currently the largest Korean investor in high-tech equipment in the city, having recently established a second factory at Danang Hi-Tech Park after its first plant was launched in 2019. Dentium’s expansion reflects the positive cycle fostered by Danang’s investor-friendly environment and Korean enterprises’ dedication to advancing technology. KP Aero Industries, another Korean company specializing in aircraft parts, is set to open a plant at the hi-tech park in the coming years. This investment is expected to play a crucial role in workforce development and contribute to Vietnam’s growing aviation and aerospace sector. In Quang Nam Province, Star Group Industrial (SGI), a rare earth magnet producer, will be a key player in promoting strategic cooperation in core minerals, an area of mutual interest agreed upon by leaders from […]
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