06 Aug Korean enterprises trust and interest in the investmnent in Vietnam

Leaders of top Korean corporations such as Samsung, LG, Hyundai Motor, SK, Lotte, POSCO, CJ, Hanwha, LH Corp; Shinhan Financial Group, Kumho, Hyosung … highly appreciated the improvement of the investment environment by the Government of Vietnam in recent years and affirmed that Vietnam is a strategic investment market and pledged to continue the expansion of investment and business activities.

At the invitation of the Deputy Prime Minister cum Minister of Strategic and Financial Affairs (MOSF) Kim Dong-yeon, Minister of Planning and Investment Nguyen Chi Dung paid a working visit to attend the 30th anniversary of the Korea Development Cooperation Fund (EDCF) on 5-8 September in Korea.

Minister-Nguyen-Chi-DungMinister Nguyen Chi Dung on EDCF. (Photo: Vu Toan-Huu Tuyen / Vietnam +)

During his stay in South Korea, Minister Nguyen Chi Dung worked with South Korean Foreign Minister Kang Kyung – wha, leader of the Ministry of Strategy and Finance; Representatives of Korea Development Cooperation Agency (KOICA), Korea Trade Promotion Agency (KOTRA) and Korea Export-Import Bank; Leaders of leading Korean corporations such as Samsung, LG, Hyundai Motor, SK, Lotte, POSCO, CJ, Hanwha, LH Corp, Shinhan Financial Group, Kumho, Hyosung …. He also attended and held two seminars with leading Korean companies interested in doing business in Vietnam.

On behalf of receiving countries to the donorship of ECDF by the Government of the Republic of Korea, Minister Nguyen Chi Dung talked about the successful model of Vietnam in the effective use of development cooperation aid for the process of economic development over last 30 years and mentioned some solutions to improve the efficiency in the coming time. He also exchanged with Korea on breakthrough measures to promote economic, trade and investment cooperation, and to improve the efficiency of ODA and FDI. In addition, the Minister also listened to Korean business’s ideas on a number of issues related to improving the investment climate.

In addition, in the meetings with the minister, leaders of many Korean enterprises have not only appreciated the investment environment and business of Vietnam but also asserted that Vietnam is a strategic investment market and committed to continue expanding business activities in Vietnam in the coming time; as well as promoting exchanges, connections and support to help Vietnamese businesses participate in the supply chain in the future.

Minister Nguyen Chi Dung said that his visit to Korea was a success, promising to open a new chapter in the economic cooperation between Vietnam and Korea, contributing to the relationship, bilateral strategic partnership to develop more practically and effectively, especially in the context, the two countries are holding anniversary activities to celebrate 25 years of diplomatic relations between Vietnam and South Korea.

Source: Vietnam +

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