Thursday, October 18 2018

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Việt Nam rolls out red carpet for Korean firms: PM

Update: September, 11/2018 - 07:00
Prime Minister Nguyễn Xuân Phúc (right) and Chairman of the Federation of Korean Industries Huh Chang-Soo at a meeting on Monday. – VNA/VNS Photo
Viet Nam News

HÀ NỘI – The Vietnamese Government welcomes and helps foreign businesses invest in Việt Nam, including those from the Republic of Korea (RoK), Prime Minister Nguyễn Xuân Phúc has affirmed.

Hosting a reception in Hà Nội on Monday for Chairman of the Federation of Korean Industries Huh Chang-Soo, who led a RoK business delegation, PM Phúc lauded Korean investors for their large-scale projects in Việt Nam, hoping they will carry on pouring more capital into high-tech sectors, heavy industry and infrastructure development.

PM Phúc voiced his hope that RoK companies will bring state-of-the-art technologies to Viet Nam, protect the environment, create jobs for local people and contribute to Việt Nam-RoK relations.

He wished for stronger co-operation between enterprises of both nations and suggested the RoK side import more from Việt Nam to balance trade.

Furthermore, the Government leader asked businesses to channel more efforts into realising the target of US$100 billion in bilateral trade by 2020.

Việt Nam and the RoK are enjoying a fruitful strategic co-operative partnership, he said, adding that nearly 160,000 Vietnamese and RoK nationals are living in each other’s nation.

Huh Chang-Soo, for his part, highlighted Việt Nam’s strong economic growth and sound relations between the two nations, saying the two factors will open up co-operative opportunities for Vietnamese and RoK enterprises.

He said bilateral relations have not only been thriving in economy, but also in sectors like culture, tourism, cuisine and sport.

Representatives of RoK corporations informed the Vietnamese leader of their activities in Việt Nam and hoped to receive further support from Vietnamese authorities. – VNS

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