Korean businesses seek investment opportunities in An Giang
An Giang has prepared many clean land areas to invite Korean businesses to survey, invest in the construction of supermarkets, prioritize distribution of typical products and specialties of An Giang and Korea.
Work session scene. (Photo: Thanh Sang/VNA)
On February 21, the People's Committee of An Giang province received and worked with the "Korea-Vietnam Economic Support Committee" and the Korean business delegation to create conditions for businesses of the two countries to learn about the market and seek investment opportunities, trade cooperation, trade connection and market expansion, product distribution between An Giang and Korean enterprises.
At the meeting, An Giang province introduced to the Korean delegation about the potentials and opportunities for cooperation in calling for investment in the province; export potential, especially in the field of agricultural and aquatic product processing industry; exhibiting, introducing to the Korean business delegation potential products, strengths, OCOP certified products of An Giang province to introduce and connect trade, export orientation to the Korean market.
According to the assessment of An Giang Department of Industry and Trade, in the context of complicated developments of the COVID-19 epidemic, production and business activities of enterprises have been deeply affected, and the export market has been disturbed and broken.
As a result, international trade connections have been somewhat slowed down. Therefore, increasing exports through large corporations and distribution systems like Korea is an effective solution that can help An Giang products and businesses gradually participate more deeply in the value chain and chain. global supply of goods.
Mr. Nguyen Thanh Huan, Deputy Director of An Giang Department of Industry and Trade, said that An Giang has a thriving agricultural economy, annual rice production reaches about 4 million tons, seafood output reaches about 500,000 tons, vegetable production reached over 700 thousand tons; In addition, there are key fruit tree areas such as mango and banana reaching about 180,000 tons/year...
The province also forms different industries, in the field of agricultural product processing industry is the spearhead.
Currently, An Giang's agricultural and aquatic products are present in many countries and export markets are continuously expanding. An Giang's export products meet export regulations of the US and EU markets...
The province also has many advantages in developing production linkage models along the value chain in the direction of constantly improving productivity, quality, efficiency and competitiveness; create models of market linkage, business association and business entities.
Korea is currently one of the countries with many bilateral and multilateral trade agreements with Vietnam. However, trading activities of enterprises in An Giang province and Korean enterprises are still modest compared to the needs of the market.
An Giang Department of Industry and Trade hopes that after the meeting, the Vietnam-Korea Economic Support Committee will continue to support An Giang province to provide more information, specific requirements, prospects for trade development cooperation and trends. developed so that businesses in An Giang province have a more comprehensive view. From there, there is a suitable adjustment orientation to soon bring their products to penetrate the Korean market.
Mr. Tran Anh Thu - Vice Chairman of the People's Committee of An Giang province, emphasized that, despite being affected by the COVID-19 epidemic, An Giang has created favorable conditions for the production factories of Korean enterprises over the past time. The country operates normally, without interruption of the supply chain for the world market.
An Giang province was assigned by the government to develop three national key products including pangasius, rice and fruit. Currently, enterprises in the province find their own export partners, so there is still competition in terms of markets and prices, so they cannot link to create strength in exporting key products.
Vice Chairman of the People's Committee of An Giang province Tran Anh Thu hopes that in the coming time, An Giang province will represent the provinces in the Mekong Delta region to sign a cooperation agreement with Marketbridge Group, Korea to become a center global distribution. From there, helping businesses in An Giang province and other provinces in the Mekong Delta region to link exports and stabilize prices.
To do this, the province will work with Marketbridge Group to set up an export product testing center in An Giang so that the export products of An Giang and other provinces in the region can meet the requirements of the Group for export through various channels. difficult markets such as Japan, the US ...
Mr. Tran Anh Thu also informed Korean businesses that the province has prepared many clean land areas to invite Korean businesses to survey, invest in building supermarkets, prioritize distribution of special products. characteristics and specialties of An Giang and Korea to consumers in An Giang and the Mekong Delta region.
At the proposal of the leaders of An Giang province, Mr. Shin Jaedong - CEO of Marketbridge Group, Korea hoped to receive support from the leaders of An Giang province to set up a company in An Giang to open new businesses supermarkets in An Giang to connect and distribute products of An Giang and Korean enterprises to consumers.
Mr. Shin Jaedong affirmed that with the experience of exporting to major markets such as the US, Taiwan (China) and Japan, the group can support An Giang quickly and neatly with procedures to export An Giang products. through the Korean market and the fastidious markets in the world.
Chairman of the Vietnam-Korea Economic Support Committee, Mr. Kwon Jae Haeng said that the Vietnam-Korea Economic Support Committee is currently supporting many Korean businesses in promoting investment in the Vietnamese market in recent years. .
The Vietnam-Korea Economic Support Committee is also ready to act as a bridge to help An Giang enterprises license licenses and certificates for key products of export to the Korean market and other fastidious markets.
At the meeting, An Giang enterprises also introduced to Korean businesses the key export products of the province such as pangasius, rice, etc. At the same time, introduced potential products, strengths, products with OCOP certification of the province to connect trade and export orientation to the Korean market in the near future.
The members of the Korean business delegation also introduced to leaders of An Giang and provincial enterprises about their business fields, and wished to cooperate in trade, distribution and distribution of products between Vietnam and Korea. Countries, areas of interest investment and can introduce and connect Korean enterprises invest in An Giang province./.
