RoK’s enterprises appraise VN’s investment environment
09:41 | 05/12/2018

VGP – Big corporations from the Republic of Korea (RoK) highly valued Viet Nam’s high economic growths over the recent years, especially the Government’s efforts in improving the investment environment and affirming to expand investment in Viet Nam. 

Deputy PM Trinh Dinh Dung meets of the Economic Development Cooperation Fund (EDCF) Kim Tae Soo, Seoul, the RoK, December 4, 2018- Photo: VGP/Nhat Bac

Within the working visit to the RoK, Deputy PM Trinh Dinh Dung on December 4 met with head of the Economic Development Cooperation Fund (EDCF), the President of the RoK-Viet Nam Friendship Association and leaders of several major RoK corporations in Seoul. 

At the meeting with head of EDCF Kim Tae Soo, Mr. Dung asserted that the RoK is the leading partner of Viet Nam and the largest investor and second biggest provider of official development assistance (ODA) for Viet Nam.

Viet Nam is regarded as the center of the RoK’s Government’s “New Southern Policy”, he stressed, adding that the RoK’s Government will make Viet Nam become a connection center with Southeast Asia, Europe and the Americas. 

He spoke highly of the role of the EDCF in cooperating with Viet Nam to effectively implement ODA projects, especially in infrastructure development, bringing practical results and contributing to Viet Nam’s socio-economic growth. 

He asked the EDCF to continue working closely with the Vietnamese side to implement the assistance funds, worth US$1.5 billion in the 2016-2020 period.

Besides joining hand with the Vietnamese side to launch ODA projects, the EDCF will enhance the provision of preferential loans for the two sides’ firms to carry out public-private partnership projects in Viet Nam, said Mr. Kim Tae Soo.

Deputy PM Trinh Dinh Dung meets President of the RoK-Viet Nam Friendship Association Choi Young Joo, Seoul, the RoK, December 4, 2018 - Photo: VGP/Nhat Bac

While meeting with President of the RoK-Viet Nam Friendship Association Choi Young Joo, Deputy PM Dung proposed Mr. Choi Young-joo encourage RoK firms to seek investment opportunities in agriculture and new areas with potential in Viet Nam. 

He urged the association continue to support the Vietnamese community in the RoK, and particularly Vietnamese women married to Korean men. 

For his side, Mr. Choi Young Joo confirmed that the association will uphold its bridging role and make efforts in promoting the two nations’ friendship and cooperative relations. 

At the reception for leaders of major corporations, the Vietnamese Deputy PM affirmed that the Vietnamese Government will further improve the business climate and create optimal conditions for foreign investors, including those from the RoK. 

He expressed his hope that RoK businesses will expand investment in fields of Viet Nam’s demands, thus balancing trade relations and making contributions to carrying out the RoK’s “New Southern Policy”. 

The RoK firms affirmed to expand investment in Viet Nam in the coming time, notably in infrastructure development, logistics, manufacturing, automobile, agriculture and food processing, and biotechnology.

By Thuy Dung

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