Standing Vice Chairman of Provincial People’s Committee awards Investment Adjustment Certificate to Amkor Company and LH Corporation in Korea

PM Pham Minh Chinh and the high-ranking Vietnamese delegation attend the forum.

At the forum, delegates were introduced to Vietnam’s development situation, its potential, strengths, development priorities, and investment attraction, Vietnam - Korea relations, Vietnam - Korea investment and trade situation, potential and advantages of Korean businesses and their opportunities in the Vietnamese market. In particular, they analyzed the situation, and proposed ideas to promote investment and business cooperation between Vietnam and Korea.

PPC’s Standing Vice Chairman Vuong Quoc Tuan awards the Investment Adjustment Certificate to Amkor.

Speaking at the forum, PM Pham Minh Chinh said that Vietnam would always encourage Korean businesses to expand their investment cooperation in the fields of which Korea has advantages and Vietnam has high demand and priority, such as high technology, electronics, semiconductors, artificial intelligence (AI), infrastructure construction, renewable energy, new energy (hydrogen), biotechnology, innovation, high-quality human resources training, cultural industry, etc.

PM Chinh called on Korean businesses to continue supporting Vietnam in finance, infrastructure construction, institutional improvement and high-quality human resources training, and smart management capacity improvement. The Korean businesses actively participate in social security work, support people with difficult circumstances and those affected by natural disasters as well as local residents in remote, borders, and islands. The PM also hoped that Korean businesses will help Vietnamese businesses to participate in the value chains of Korean businesses and the globe.

PPC’s Standing Vice Chairman Vuong Quoc Tuan awards the MoU to LH.

In the presence of PM Pham Minh Chinh, ministries, branches, localities and businesses of the two countries handed over 23 cooperation agreements.

PPC’s Standing Vice Chairman Vuong Quoc Tuan awarded the Investment Adjustment Certificate to Amkor and the MoU between People’s Committee of Bac Ninh province and LH.

PPC’s Standing Vice Chairman Vuong Quoc Tuan (2^nd from left) attends the forum.

Accordingly, after adjusting the investment registration, the factory for manufacturing, assembling and testing semiconductor materials and equipment of Amkor (Yen Phong II-C Industrial Zone) has a total investment capital of USD 1.6 billion, producing 3,600 million products per year. The project’s operation period is from the date of the investment registration certificate issuance to September 11, 2068. It conducts trial production from the first quarter of 2025 to the second quarter of 2025, and its official production will start in the third quarter of 2025 and reach maximum capacity in the fourth quarter of 2035.

PM Pham Minh Chinh and the high-ranking Vietnamese delegation attend the Vietnam - RoK Tourism Promotion and Cultural Cooperation Forum.

Following the MoU, the People’s Committee of Bac Ninh province and LH will research, exchange ideas and cooperate, including tasks such as planning ideas development, investment roadmaps construction, exploitation and operation plans to promote the successful implementation of modern and model urban areas. Two sides also organize seminars on urban issues in Bac Ninh province, the Korean legal system and proposals to improve regulations as well as the exploitation and operation plans of the Southeast urban area. They need to coordinate to organize advertisement and investment promotion activities, and seminars to attract and activate foreign direct investment, including Korean businesses, into the Southeast urban area. They further join hands to operate the Task Force Team (TF Team) and send personnel to participate in carrying out the next tasks.

*On the same day, the PM and the high-ranking Vietnamese delegation attended the Vietnam - RoK Labor Cooperation Forum and the Vietnam - RoK Tourism Promotion and Cultural Cooperation Forum.