On the occasion of the 20th President of the Republic of Korea, Mr. Yoon Suk-yeol officially took office, at the invitation of the President's Inauguration Committee, Chairman of N&G Group and Chairman of the Industry Business Association. Hanoi Support Industry (HANSIBA) Nguyen Hoang and his delegation went to Seoul from May 10, 2022 to May 12, 2022 to attend the event and meet with many important international partners. It is important to promote investment cooperation between Korean enterprises and HANSIBA enterprises in the chain of HANSSIP industrial zones invested and developed by N&G group in Vietnam.

At the meeting with the President of the Korea Electronics Association (KEA) and the Korea Automobile Industry Cooperation Association on the afternoon of May 10, right after the inauguration of the President of Korea, the two sides exchanged many contents. This is an important content with the goal of promoting and attracting investment projects in the field of manufacturing supporting industrial products that Korea has strengths in Vietnam.

Chairman of HANSIBA Association said that by the end of 2020, Vietnam has more than 300 industrial parks established and operating in many fields. Vietnam is a safe destination for international investors, many large Korean corporations such as Samsung, LG, Hyundai.. have established production complexes in Vietnam, forming production and supply chains. applied worldwide. However, component manufacturers in Vietnam (both FDI and Vietnamese enterprises) have not yet been able to meet the demand, leading to large corporations having to import hundreds of billions of dollars each year for their demand. electronic manufacturing components, telephones, auto components, other manufacturing industries...

Representative of the Korea Electronics Association (KEA) Mr. Park Chung-won shared that large Korean corporations such as LG and Samsung are members of KEA and already have production complexes in Vietnam. The satellite businesses that produce and supply product components for these corporations are now increasingly in need of expanding production, and many other Korean companies are also wishing to enter Vietnam to set up bases. production after the Covid-19 epidemic has been controlled in Vietnam, and so these businesses will need land and standard production space in the near future and support from Vietnamese partners.

 

President of HANSIBA at the meeting with the Electronic Association and the Korea Automobile Industry Cooperation Association.

 

 

 

 

Photo on the left: Mr. Wook Jang – Consultant of Kim & Chang Law Firm, Mr. Chungwon Park - CEO & President of Korea Electronics Association, Mr. Ko Moon Soo - Executive Director of Korea Automobile Industry Cooperation Association

 

 

 

Chairman Nguyen Hoang said that HANSIBA Association with more than 200 members engaged in production and business activities in the field of supporting industries, many companies have been supplying components for corporations such as Samsung, LG, etc. and major FDI corporations in the world have production bases in Vietnam. The HANSIBA Association wishes that the businesses of the Korean electronics association, and the auto parts manufacturers association of Korea and HANSIBA member businesses will enter into joint ventures, associate production, and localize products in order to dominate the market. a large part in the field of supporting industry components, which have to be imported in recent times.

Korean enterprises, when investing in production in a chain of new-generation intensive industrial parks - HANSSIP Industrial Park invested and developed by N&G Group (founder member of HANSIBA Association), will receive maximum support in terms of diploma – factory, free consultation support on investment procedures and permits, apply for the highest investment incentives as prescribed, support recruitment and training of employees, housing incentives for professionals and workers.

Also in the work program, on the morning of May 11, the Chairman of N&G Group worked and signed a memorandum of cooperation with Mr. Lee Chang-hoon, CEO of Kyeonggi-do Company (an enterprise under Gyeonggi Province) to promoting cooperation, bringing Gyeonggi's small and medium enterprises to cooperate in investment, production and business in the chain of industrial parks that N&G Group has been implementing in Hanoi and other provinces of Vietnam. Accordingly, when Gyeonggi enterprises invest in the chain of industrial parks developed by N&G Group, they will be fully supported with all investment procedures, recruitment and labor training, and support to apply for investment incentives. according to regulations..

 

Gyeonggi is the most populous province in Korea with the capital city of Suwon, with about 120,000 small and medium enterprises. Gyeonggi Company is an enterprise established by Gyeonggi Province of Korea, in order to comprehensively support these SMEs when coming to Vietnam to invest through the Gyeonggi Hanoi Business Support Center, which was previously established in Vietnam. Male.

 

 

 

 

Above, from left to right: Chairman of SEI I&D, Kim Jung-in, CEO of Gyeonggi-do Mr. Lee Chang-hoon, Chairman of N&G Group at the signing ceremony of MOU on investment promotion of Gyeonggi enterprises. -do of Korea into HANSSIP Industrial Park in Vietnam.

 

 

 

On the same day, the President of HANSIBA worked with KITA International Trade Association, Hana Financial Investment Company at the office of the Korea International Trade Association (KITA) in Seoul. The parties have exchanged many measures on finance, technology, labor training, etc. to support Korean and Vietnamese enterprises to cooperate in the production of high-tech and supporting industrial products in Vietnam. The chain of HANSSIP industrial zones belonging to N&G Group has been investing but not limited to the provinces of Vietnam such as Hanoi, Phu Yen, Nha Trang, Long An etc., to immediately supply according to the needs of the customers. Large Korean corporations are investing in production in Vietnam such as Samsung, Hyundai, LG .. at the same time, in the long term, improving the production capacity of Vietnamese enterprises when participating in production investment cooperation with Korean businesses.

 

Above: Chairman of N&G Group at the meeting with Mr. Hee Chul Jung - Regional Director of Asia and Oceania of KITA at the meeting at KITA headquarters, Seoul, Korea.

 

 

 

It is known that all new-generation industrial parks are invested - built - managed by N&G group and ecological chain companies and hundreds of enterprises belonging to the Association of Supporting Industry Enterprises of Hanoi City and Vietnam is aiming for 17 sustainable development goals of the United Nations. This is considered as a passport for Vietnamese enterprises to cooperate in the global production chain and reach out to the world production and business playground.

Here are some more photos from the business trip.

 

 

 

 

Above: Chairman of N&G Group Nguyen Hoang congratulates the 20th President of the Republic of Korea Mr. Yoon Suk-yeol after the inauguration ceremony of the President on May 10, 2022.

 

 

 

 

Above photo, from left to right: Chairman of Korea Electronics Association Chungwon Park, Chairman of HANSIBA and Chairman of N&G Group Nguyen Hoang, Advisor of Kim & Chang Law Firm Mr. Wook Jang, Chairman of Industrial Cooperation Association Korean car Mr. Ko Moon Soo

 

 

 

 

 

 

 

 

 

 

 

 

 

Pictured above, third from left: Congressman Yoo Dong Soo of the Democratic Party of Korea receives N&G Group Chairman Nguyen Hoang (4th from left) at a meeting at the Korean Parliament.