Viet Nam News
HCM CITY — There is great potential for co-operation between HCM City and Korean localities and businesses considering the demand for development in the city and Koreans’ strengths, a city leader has said.
Tất Thành Cang, deputy secretary of the HCM City’s Party Committee, told Kim Hack Yong, chairman of the Republic of Korea (RoK)–Việt Nam Parliamentary Friendship Group at a meeting on Sunday that the potential for co-operation is large, especially in electronics, auto parts, hi-tech agriculture, and supporting industries.
To promote its hi-tech industries, HCM City has been welcoming Korean investors, especially large manufacturing companies, he said.
It has been focusing on supporting industries in sectors such as electronics, IT and food processing, he said.
“HCM City has taken efforts to become a cultural, health and educational hub, not only in Việt Nam but also [the region].”
It has paid close attention to the rapid economic development achieved by the RoK, and hopes the experiences would be shared by its Korean partners, he said.
Kim said ties between Việt Nam and RoK have grown well in the last 25 years.
Việt Nam is one of the countries to which Korean companies give priority when seeking to invest abroad, he said.
Many Korean companies have received support from the Vietnamese Government and relayed this message to other enterprises back in Korea, he said.
Members of the RoK–Việt Nam Parliamentary Friendship Group hoped HCM City authorities would create favourable conditions for Korean companies when they come on fact-finding tours and to invest in the city.
They also hoped the city authorities would support Koreans living and studying in Việt Nam.
The group was set up in Korea in 1993 and in Việt Nam two years later. — VNS