Central city and Korea push for more investment

Monday, Mar 25, 2019 18:30

Representatives of Da Nang’s Investment Promotion Agency and Korean Nemo Partners sign a Memorandum of Understanding. — VNS Photo Cong Thanh

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. — VNS

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