Central city and Korea push for more investment
Central city and Korea push for more investment
Da Nang’s investment promotion agency (IPA) and Korean Nemo Partners Trading Management Service company on March 25 inked a Memorandum of Understanding (MoU) on calling for more investment from Korea.
Following the MoU, Nemo Partners, in co-operation with IPA, will host a series of conferences, promotions, dialogues and business matching events between Vietnamese and Korean businesses as well as introducing potential investment opportunities of Da Nang in Korea.
Lee Sung-woo, CEO of Nemo Partners, said the company had launched liaisons in the US, China, Myanmar, Libya, UAE, Myanmar, Cambodia and Viet Nam.
Lee said Nemo and IPA plans to host a business matching day for start-up businesses in Korea to help them find partners in Da Nang in the summer of 2019.
“We have offered consultancy for Korean companies investing abroad, and Da Nang will be a popular destinations for Korean investors in the coming years,” Lee said.
“A Korean software firm, Enjoy Works, has connected with a local company in Da Nang to develop IT projects in central Viet Nam,” he said.
Lee added that an IT company, Autech Otis from Korea, would introduce a smart parking project in Da Nang at a business matching event this May.
Korea is the fifth largest foreign investor in Da Nang with total investment of $310 million.
