S Korea to boost investment and tourism in central Vietnam

South Korean and Vietnamese representatives take part in a ribbon cutting event to inaugurate the Consulate General of Korea in Danag. The office will boost tourism and investment between Korea and Vietnam. - Vietnam News/ANN

DANANG, Nov 8 (Vietnam News/ANN): South Korea officially inaugurated its Consulate General in Danag and it is aiming to boost tourism and investment between the country and Vietnam in the coming years.

It is the second South Korean Consular General to be opened in Vietnam after Ho Chih Minh City.

S Korean Ambassador to Vietnam Park Noh-wan said Danang would become a centre for cultural exchange and traditional friendship between the two countries.

He said Covid-19 had stopped Korean tourists from travelling to Vietnam, but Danang promised to be a popular destination in the future.

He said the resumption of flights between Vietnam and South Korea had been discussed during a visit by the Republic of Korea (RoK)’s National Assembly Deputy Park Byeong-seug to Vietnam earlier this week.

The Korean Consulate Office, located in Ngu Hanh Son District, will cover administration across Danang, Quang Nam, Quang Ngai and Thua Thien-Hue to promote tourism and investment connections between world heritage sites in central Vietnam with popular destinations including Jeju Island, Incheon, Seoul and other parts of S Korea.

On the occasion, the Korean side also donated US$20,400 to help flood victims in Thua Thien Hue and Quang Ngai provinces.

Last month, Korea’s LG Electronics began building a R&D centre – the second of its kind in Vietnam – at the Danang Information Technology Park Tower.

In 2018, the South Korea Trade and Investment Agency (KOTRA) also debuted its representative office in Đà Nẵng.

South Korea helped Danang build the Vietnam-Korea Friendship Information Technology College with Official Development Aid (ODA) of US$10 million from the South Korean government in 2014.

According to the city’s Investment Promotion Agency, Korea was one of the top five foreign investors in Danang with 232 projects worth US$390 million.

Danang’s export turnover reached US$17 million – marking growth of 14.5 per cent – in the first half this year, while imports from Korea totalled US$36.5 million.

Earlier this year, Shilla Hotels & Resorts – a new flagship hospitality corporation in South Korea – opened Shilla Monogram Danang with an investment of US$50 million.

Both Vietnamese and South Korean airlines used to operate 12 flights weekly between South Korean cities and Danang, but Covid-19 has suspended tourism links between the countries. - Vietnam News/Asian News Network
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