PM receives foreign investors
08:32 | 04/10/2018

VGP – PM Nguyen Xuan Phuc hosted separate receptions for Youn Chul Kim, President of Hanwha Techwin, and Spencer Damian White, Managing Director of Delta Offshore Energy Pte Ltd on October 3 in Ha Noi.

PM Nguyen Xuan Phuc (R) shakes hands with President of Hanwha Techwin Youn Chul Kim, Ha Noi, October 3, 2018

PM Phuc praised Hanwha Techwin Group for expanding investment in Viet Nam especially in the field of high technology.

The host leader underlined Viet Nam’s significant economic growth rate, stable macro-economy, improved business environment and deeper international integration with involvement in many free trade agreements, saying these are attractive opportunities for foreign investors to do business in the country and expand production.

The Vietnamese Government, said PM Phuc, pledged to stand by and create favorable ways for foreign investors to do successful business in Viet Nam. He also expected that Hanwha Techwin would become a good example in areas of foreign direct investment in the country.

PM Phuc also hoped that besides high technology, Hanwha Techwin would invest in other spheres such as smart city and infrastructure. 

President Kim said Hanwha is a multinational group and now ranks eighth among companies in the Republic of Korea with total revenue of US$57 billion last year. The group has to date invested around $800 million in Việt Nam with five subordinate companies, he said, adding it will inaugurate its craft engine manufacturing factory in the country in November.

The Korean investor expressed his wish that the Vietnamese Government would soon grant a certificate recognizing the status of hi-tech business to Hanwha Techwin’s security equipment plant in Bắc Ninh Province and create favorable conditions for the group to expand operations in the fields of finance, consumption and asset management.

At the reception for Managing Director Spencer Damian White, PM Phuc hailed Delta Offshore Energy Pte Ltd’s investment in a gas-fueled electricity project in the Mekong Delta province of Bac Lieu. 

Viet Nam said the Government leader encouraged foreign enterprises to invest in energy projects, including renewable ones./.

By Kim Anh  

 

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