Cao Thi Phi Van, vice director of HCMC’s Investment and Trade Promotion Center (ITPC), said that since Vietnam and the ROK established diplomatic ties in 1992, their partnership has developed rapidly. and strongly, especially in investments and trade.
She noted that RoK’s investment in HCMC has grown impressively recently despite the impacts of the Covid-19 pandemic.
As of October 2022, the Republic of Korea was the city’s largest investor with 2,027 projects worth over $5.4 billion, or 9.81% of the total FDI amount.
She noted that the local government has given great support to foreign businesses, while improving its business environment to attract more investors.
Han Jae-jin, vice president of the Korean Chamber of Commerce and Industry in South and Central Vietnam (KOCHAM), spoke highly of the local government’s efforts and willingness to listen and support companies to deal with their difficulties.
During the meeting, Korean companies suggested that Vietnam’s immigration management agencies allow them to use the visa application service or appoint reputable service companies to complete the application process.
Nguyen Phan Hoa, deputy head of the Aliens Management Division at the Vietnam Immigration Department at HCMC, said Vietnam’s immigration law stipulates that guarantee agencies, organizations and individuals must submit files directly to the Department of Immigration. If there are any difficulties in preparing the documents, businesses can contact advisory services for assistance, he said.
Hoa also answered questions on which cases the records should be submitted to the Immigration Division and which case to the Immigration Department, the extension of visas for processing the work permit application.
Nguyen Van Lam, Deputy Director of HCMC’s Department of Labour, Invalids and Social Affairs, said the department is preparing to provide Level 4 online public services, enabling online work permit issuance, which which means that people can submit their files and receive answers at home.
This will help limit problems arising during direct contact and improve transparency during the process, thereby creating favorable conditions for businesses and investors to invest in the city, he said.