Prime Minister Nguyễn Xuân Phúc (r) welcomes SK Group Chairman Chey Taw-won in Hà Nội yesterday. — VNA/VNS Photo Thống Nhất

HÀ NỘI — The Vietnamese Party, State, Government and localities are working to create favourable conditions for and protect the rights of foreign firms – including the Republic of Korea’s SK Group – to bring technology and investment into the country amid the Fourth Industrial Revolution, Prime Minister Nguyễn Xuân Phúc said yesterday.

Hosting a reception for SK Group Chairman Chey Taw-won in Hà Nội, PM Phúc said he welcomes SK Group’s US$30 million non-refundable aid for the Ministry of Planning and Investment to develop the National Innovation Centre (NIC).

Chey expressed his delight with Việt Nam's strong economic development and said SK’s investment expansion in the Southeast Asian country via its collaboration with VinGroup aims to create new values for local people.

SK Group hopes to engage in developing environmental protection technology in Việt Nam, Chey said, adding that he expects support from the Vietnamese Government as well as co-ordination from competent ministries and sectors.

The Vietnamese leader said VinGroup and SK Group should outline new co-operation programmes, adding that the Korean firm is on the right track in Việt Nam with projects in smart urban development and electric motorbike production, contributing to changes in the country's production. — VNS