Vietnam wishes that businesses from the Republic of Korea (RoK) would increase their investment in the country, especially industries with high-added value and modern technology-intensive industries.
The statement was delivered by Deputy Minister of Planning and Investment Dang Huy Dong at a seminar, jointly held by his ministry, the RoK Chamber of Commerce and Industry, the RoK Business Association and the RoK Embassy, in Hanoi Wedenesday.
The seminar focused on policies and opportunities for infrastructure development investment within the public-private partnership (PPP) framework and policies to encourage foreign investment in industrial zones.
Deputy Minister Dong said the Vietnamese government applauded the RoK foreign direct investment (FDI) flow in Vietnam , which, he said, greatly contributes to the country’s socio-economic development.
The RoK Ambassador Park Seok Hoan expressed his belief on cooperative relations between the two countries’ businesses, saying with an open investment environment, Vietnam will become a more attractive destination for the RoK investors.
By the end of August this year, the RoK ranked 88 th among Vietnam’s FDI providers with 2,605 projects registered at US$23 billion, according to the Ministry of Planning and Investment.
The two governments have agreed to lift the biletaral relations to strategic partnership.
The RoK businesses have been involved in most of sectors in Vietnam , from infrastructure, telecommunications and mechanics to real estate, auto manufacturing, shipbuilding and restaurant services.
