The event was jointly organised by the Da Nang municipal People’s Committee and the Korean Chamber of Commerce and Industry (KCCI).

At the seminar the municipal leaders introduced new policies to attract investment as well as new customs procedures and taxes, while the RoK side presented its business culture.

Da Nang now has more than 200 foreign investment projects with a total capital of US$3.2 billion, with 25 of them coming from the RoK. The city is concentrating on hi-tech industry.

Phung Tan Viet, Vice Chairman of the Da Nang municipal People’s Committee, said the event provides a good chance for RoK businesses to understand more about the investment policies and the business potential in Da Nang.

The city commits to giving preferential conditions for RoK businesses investing in Da Nang, he added.