Attending the conference were comrades: Le Tien Chau, Member of the Party Central Committee, Secretary of the Party Committee, Head of the Hai Phong National Assembly Delegation; Ambassador Extraordinary and Plenipotentiary of Vietnam in Korea Vu Ho; Le Trung Kien, Member of the Standing Committee of the City Party Committee, Head of the Hai Phong Economic Zone Management Board with Mr. Baek Chan, General Director of LG Electronics Vietnam Hai Phong Co., Ltd. and 60 supporting businesses of LG Group.
Continue to expand investment strategy in Hai Phong
Speaking at the opening of the Conference, City Party Secretary Le Tien Chau highly appreciated LG Group's choice to invest in Hai Phong and build LG Group's production ecosystem over the past 10 years. LG Group and its supporting units make important contributions to the development of Hai Phong in particular and Vietnam in general. The success of LG Group in Hai Phong is clear evidence that the city's investment environment is always attractive to foreign investors, including investors from Korea.
Congratulations to Hai Phong city for coordinating with LG Group to organize an investment promotion conference in Korea, Vietnamese Ambassador Extraordinary and Plenipotentiary to Korea Vu Ho affirmed that Hai Phong is one of the localities with a total The number of projects and total investment capital from Korea is the largest in the country. This shows that Hai Phong's investment policies and environment are truly open and attractive to Korean investors. The Vietnamese Embassy in Korea always supports, creates conditions and is a bridge to help leading Korean businesses and corporations explore opportunities and wish to continue investing in Hai Phong, contributing to promoting comprehensive strategic partnership between Vietnam and Korea.
Speaking at the conference, Mr. Baek Chan, General Director of LG Electronics Vietnam Company emphasized that Hai Phong city is one of the fastest growing localities attracting foreign business investment. In Hai Phong, LG Electronics is both developing existing areas and preparing a strategy to expand product lines such as dishwashers and ovens.
Within the framework of the Investment Promotion Conference, Secretary of the City Party Committee Le Tien Chau witnessed the ceremony of handing over the Letter of Intent of Cooperation from LG Group to Hai Phong city and Hai Phong University. At the same time, visit the showroom to introduce LG's ecosystem and the leading technology products that LG plans to launch this year. Currently, LG has attracted investment in Hai Phong of 8,24 billion USD, of which, 7 projects with investment capital of 7,24 billion USD (LG Electronics, LG Display, LG Innotek, LG CNS, LG Chemical (2 projects) ), LG International) and 50 satellite businesses with a total investment capital of nearly 1 billion USD. LG's export proportion always accounts for about 43% of the city's export turnover. LG's success turns Hai Phong into a convergence center for large FDI projects, promoting the socio-economic development of Hai Phong in particular and of Vietnam in general.
Promote cooperation in education, training and health
On the afternoon of April 25, with the desire to listen to the opinions of investors of the LG Group investing in production and business in Hai Phong, City Party Secretary Le Tien Chau worked with the Group's leaders. LG Innotek and LG Electronics.
At the meeting, City Party Secretary Le Tien Chau highly appreciated LG Innotek's efforts in implementing the project in Hai Phong. He hoped that LG Innotek would continue to expand its business investment activities, considering Hai Phong city as the key point of LG Group in Vietnam for producing LG's key products for export to international markets. Hai Phong commits to continue accompanying and creating the most favorable conditions for LG Innotek to implement projects in Hai Phong city effectively and for sustainable development. He requested LG Innotek to connect with Hai Phong businesses to participate more deeply in the Group's supply chain and call on the Group's partners and supporting suppliers to research new investments and expand investment. in Hai Phong city.
Next, the City Party Secretary received and worked with leaders of LG Electronics Group. Emphasizing that LG Electronics is investing effectively in Hai Phong, making many contributions to budget revenue and creating many jobs for local people, he suggested that the Group continue to pay more attention to the implementation of research. , investing and building a research and development center for R&D, innovation, and technology transfer in the city; Pay attention to and support the city in implementing many projects to build dormitories and social housing for workers. Along with that, promote cooperation with the city's universities and colleges in human resource training; Support Hai Phong city in teaching Korean at primary and secondary schools; Encourage support for establishing a Korean language department at Hai Phong University. Regarding medical cooperation, he proposed that LG Electronics Group cooperate with the city in researching medical technologies, producing vaccines, producing pharmaceuticals and medical equipment; Strengthen training activities to improve the quality of human resources related to health to improve community health, contributing to promoting cooperation between Hai Phong and LG Group in general and the two groups LG Innotek and LG Electronics in particular.
On this occasion, the Secretary of the City Party Committee respectfully invited leaders of LG Innotek Group and LG Electronics to visit and work in Hai Phong and attend the 2024 Red Poinciana Festival.
Source: Hai Phong Newspaper
