RoK, VN enhance cooperation in finance

VGP – Chairman and President at the Export-Import Bank of Korea Choi Jong-ku will pay a visit to Viet Nam within four days, starting from March 21 to discuss measures to strengthen cooperation in finance, according to the Republic of Korea (RoK)’s Financial Services Commission (FSC)’s announcement on March 21.

March 21, 2018 4:18 PM GMT+7

Chairman and President at the Export-Import Bank of Korea Choi Jong-ku

KITA: VN to become RoK’s second largest importer by 2020

During the visit, Mr. Choi will hold meetings with Vietnamese leaders and sign a number of agreements in financial technology as well as propose Viet Nam advocate the RoK’s financial enterprises.

Viet Nam, one of the RoK’s crucial trade partners, has attracted investment from 48 branches under the control of 34 Korean enterprises.

Mr. Choi intends to announce Viet Nam’s partners about diplomatic efforts of RoK President Moon Jae-in in promoting relationship with other nations in Southeast Asia.

The RoK is currently the largest investor in Viet Nam with the total capital of nearly US$58 billion and the second largest trade partner with more than US$61 billion in two-way trade turnover.

In 2017, more than 2.4 million Korean visitors travelled to Viet Nam.

By Thuy Dung