Investment Promotion and Business Connection in the ICT Sector with Daegu City (South Korea)
Publish date 16-07-2024 16:23, Lượt xem: 4

On the afternoon of July 10, at the Daegu Innovation Promotion Agency (South Korea), Deputy Chairman of Da Nang City People's Committee Tran Chi Cuong chaired the Investment Promotion and Business Connection Seminar between Da Nang City and Daegu City. The event was part of the Da Nang delegation's visit to South Korea and marked the 20th anniversary of the cooperation relationship between Da Nang and Daegu.

The seminar was organized by the Da Nang Investment Promotion and Support Board in cooperation with the Department of Information and Communications, with more than 60 delegates attending, including leaders from various departments, business associations, and companies operating in the ICT and digital technology sectors from both localities.

In his opening remarks, Deputy Chairman Tran Chi Cuong stated that Da Nang considers information technology as a key area for attracting investment. Currently, the city is focusing on semiconductor design and artificial intelligence.

South Korea has been identified by Da Nang as a key market in the city's investment promotion efforts.

As of May 2024, South Korean investors are ranked 5th in terms of foreign direct investment in Da Nang, with 278 projects and registered capital exceeding 371 million USD, accounting for 8.6% of the total foreign direct investment in Da Nang.

Da Nang City hopes to continue receiving cooperation and investment in key areas from South Korean businesses and investors, such as ICT, semiconductor technology, and artificial intelligence.

On June 26, 2024, the Vietnamese National Assembly passed a resolution on urban governance models and specific mechanisms and policies to promote rapid and sustainable development for the city in the coming period, especially in the semiconductor and artificial intelligence sectors.

Therefore, the Deputy Chairman hopes that the seminar will further strengthen cooperation and business relations between South Korean and Da Nang companies in the future.

At the seminar, representatives from the Daegu Innovation Promotion Agency introduced the Suseong Alpha City smart city model currently being developed in Daegu. Suseong Alpha City, which began construction in 2008, aims to promote the development of ICT, particularly the software industry locally. Currently, about 240 software companies operate in Suseong Alpha City with 4,500 employees, accounting for 36% of the software workforce in Daegu.

The Da Nang delegation informed South Korean businesses and investors about the current state of Da Nang's ICT industry, the smart city program implementation roadmap, and investment incentives and support policies in the fields of ICT, semiconductor technology, and artificial intelligence.

During the business connection session of the seminar, 30 memorandums of understanding and cooperation commitments were signed between companies from both cities regarding the development of ICT applications, technological solutions for smart city construction, and improving the quality of life (such as smart education, wildfire prevention, digital twins in smart urban management, etc.).

In conjunction with the event, an exhibition was held to introduce Da Nang's signature commercial products and OCOP (One Commune One Product) items.

THE DELEGATION OF DA NANG CITY GOVENRMENT

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