A workshop took place in Seoul, the Republic of Korea on December 4 to introduce potential and opportunities for investment in the northern province of Phu Tho.
A view of the workshop to introduce potential and opportunities for investment in Phu Tho province (Photo: VNA)
Seoul (VNA) – A workshop tookplace in Seoul, the Republic of Korea, on December 4 to introduce potential andopportunities for investment in the northern province of Phu Tho.
The event was held by the provincialPeople’s Committee in partnership with the Embassy of Vietnam in the RoK toattract Korean investment into the localities. Dozens of local businessassociations and enterprises of various sizes participated in the event.
Addressing the workshop, Secretary ofthe Phu Tho Party Committee and Chairman of the provincial People’s CouncilHoang Dan Mac said Phu Tho has made efforts to accelerate administrativereforms, adopt a number of investment incentives and increase dialogues withinvestors to help them resolve difficulties.
The province is now home to 150 FDI businesseswith the registered investment of approximately 1.1 billion USD, including 120projects from the RoK, worth 793 million USD in total, he noted.
Phu Tho still has great potential thatneeds to be tapped by foreign investors, he said, adding that the provincealways opens its door to foreign investors, particularly those from the RoK,providing them with all possible conditions in terms of investment policies andprocedures for doing business.
The province will stand side by sidewith foreign investors in win-win partnerships, he added.
Vietnamese Ambassador to the RoK NguyenVu Tu underscored that Vietnam and RoK have seen numerous opportunities ininvestment cooperation since the bilateral Free Trade Agreement entered intoforce in 2015.
He believed the workshop will provideKorean enterprises with a better understanding of business climate in Vietnamand Phu Tho in particular, thus enhancing their determination to invest in thecountry.
Representatives from local firms spentmost of the time at the workshop to learn about the province’s advantages innature, people and policies. Some expressed their interest in its culture whichcan be a magnet to tourists.-VNA
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A view of the workshop to introduce potential and opportunities for investment in Phu Tho province (Photo: VNA) 
