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Lang An strengthens Korean investments: new opportunities for companies!
Korean investments in Long An strengthen the economy. A report on business collaboration and support.
Lang An strengthens Korean investments: new opportunities for companies!
A delegation from the Korea Chamber of Commerce and Industry (KOCHAM) recently visited Long An Province to promote bilateral cooperation and investment. Under the leadership of Kim Nyoun Ho, it became clear that Korean companies ranked third in direct investment capital in Long An. Vice Chairman Pham Tan Hoa acknowledged the significant contribution of these companies to socio-economic development, particularly in the area of social security. This forms an important part of the strategic cooperation between Vietnam and South Korea.
The chairwoman of the Long An Provincial People's Committee emphasized support for Korean companies and investors. It is hoped that KOCHAM will act as a bridge to attract further Korean investment. Nguyen Trung Hai, head of Regional Customs Department XVII, explained the importance of partnership between the customs sector and companies to facilitate import and export activities.
Strategic measures to support companies
Customs Directorate XVII plans to implement six core digital transformation tasks in 2025 to better support Korean companies. These include, among other things, measures to reduce the time and costs of administrative procedures and the elimination of unnecessary terms and conditions. The aim is to promote the effectiveness of the propaganda teams in order to strengthen dialogue to resolve difficulties and to support companies in complying with customs laws.
Another important point is to promote the use of information technologies to minimize direct contacts between officials and companies. The aim is to create a transparent and favorable import-export environment, which in turn should contribute to improving state administration in the customs sector. Kim Nyoun Ho reiterated his determination to connect Korean companies and investors and explore new investment opportunities in Long An. The difficulties that Korean companies face when investing in the province were also discussed.
The largest company in South Korea
In the context of this economic cooperation, it is worth noting that the list of the largest companies in South Korea, based on the Forbes Global 2000, highlights a large number of significant players. This ranking is calculated from sales, net profit, assets and market value and provides a deep insight into South Korea's economic power. The upper class companies are mainly represented in the technology and automotive sectors.
| Pursue | headquarters | Revenue ($ billion) | Profit ($ billion) | Assets ($ billion) | Market value ($ billion) | Industry |
| Samsung Electronics | Seoul | 208.9 | 27.2 | 202.8 | 186.5 | technology |
| Hyundai Motor Company | Seoul | 79.8 | 7.8 | 126.4 | 49.7 | Automobiles |
| POSCO | Pohang | 56.5 | 1.2 | 80 | 24.8 | Steel |
| Shinhan Financial | Seoul | 19.6 | 1.7 | 295 | 21.1 | Banks |
| Kia Motors | Seoul | 43.5 | 3.5 | 34.3 | 22.8 | Automobiles |
| Hyundai Mobis | Seoul | 31.2 | 3.1 | 32.6 | 28.7 | Automotive supplier |
| Samsung Life Insurance | Seoul | 21.8 | 0.7 | 182.8 | 18 | Insurance |
| KB Financial Group | Seoul | 15.8 | 1.2 | 276.5 | 13.7 | Banks |
| SK Hynix | Icheon | 12.9 | 2.6 | 19.8 | 24.9 | technology |
| Hana Financial Group | Seoul | 13 | 0.8 | 279.7 | 10.6 | Banks |
Overall, there is strong potential for economic cooperation between Long An and Korean companies. The support from the provincial government offers a promising framework to sustainably promote future investments. The positive developments in the areas of social security and economic stability highlight the important role of Southeast Asian markets in the global economy.
Further information on this topic is available here vietnam.vn and Wikipedia to find.