Korean firms hoped to create new investment wave in Vietnam
More than 700 enterprises of Vietnam and the Republic of Korea (RoK) took part in a business forum in Seoul on November 28 that was expected to help trigger a new wave of Korean investment in Vietnam.
Chairman of the Hanoi People's Committee Nguyen Duc Chung (R) presents cooperation documents to Korean investors at the forum in Seoul on November 28 (Photo: VNA)
Seoul (VNA) – More than 700 enterprises ofVietnam and the Republic of Korea (RoK) took part in a business forum in Seoulon November 28 that was expected to help trigger a new wave of Koreaninvestment in Vietnam.
At the event, 33 cooperation documents werehanded over to Korean investors who plan to invest 19.35 billion USD in Vietnamin the time ahead.
Of the sum, the investors intend to pour 15.135billion USD into the capital city of Hanoi, focusing on such fields as urbanand industrial infrastructure development, green and smart city building,shopping centre and hotel complex, and hi-tech agriculture.
In his speech, Korean Deputy Prime Minister HongNam-ki said Vietnam is a key partner in the RoK’s New Southern Policy.
He stressed the Korean government will createthe best possible conditions and coordinate closely with its Vietnamesecounterpart to promote investment and trade activities. It pledges to deal withthe difficulties facing cooperation projects so as to facilitate theirimplementation.
For his part, Vietnamese Prime Minister NguyenXuan Phuc, who was on an official visit to the RoK, briefed local businessesabout major economic achievements of Vietnam recently, vowing to create optimalconditions for Korean investors to carry out projects, thus contributing toeconomic development in both nations.
During the trip, Hanoi officials also had ameeting with businesses of the RoK to introduce the Vietnamese capital’sinvestment climate and opportunities for Korean investors here./.
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Chairman of the Hanoi People's Committee Nguyen Duc Chung (R) presents cooperation documents to Korean investors at the forum in Seoul on November 28 (Photo: VNA) 
