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VietNamNews

S Korean investors have confidence in VN

Update: May, 31/2014 - 09:48
Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) meets with RoK's First Vice Minister of Foreign Affairs Cho Tae-yong in Ha Noi. — VNA/VNS Photo Doan Tan
HA NOI (VNS)— The Republic of Korea (RoK) investor community in Viet Nam appreciated Viet Nam's quick and effective response to recent disturbances, RoK's First Vice Minister of Foreign Affairs Cho Tae-yong told Deputy Prime Minister and Foreign Minister Pham Binh Minh yesterday.

He said RoK firms had strong confidence in the Vietnamese Government's capability to maintain a stable investment and business environment for foreign investors, including those from his country.

Cho said the RoK was concerned about the recent tensions in the East Sea and hoped concerned parties would solve disputes by peaceful measures on the basis of international law, especially the 1982 United Nations Convention on the Law of the Sea (UNCLOS) and the Declaration on the Conduct of Parties in the East Sea (DOC).

Minh affirmed that the Vietnamese Government attached importance to developing ties with the RoK.

He expressed hope that the two sides would complete negotiations on a bilateral Free Trade Agreement this year and urged the two countries' ministries of labour to sign a Memorandum of Understanding on the Employment Permit System (EPS) programme as soon as possible.

The two sides spoke highly of the Mekong-RoK cooperative mechanisms and agreed to enhance their co-ordination at regional and international forums.

Minh also underlined Viet Nam's consistent stance of supporting a peaceful, stable and de-nuclearised Korean Peninsula. — VNS

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