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PM calls on Korean investors to expand operations in Vietnam

Prime Minister Nguyen Xuan Phuc has expressed his wish that investors from the Republic of Korea (RoK) and the SK Group in particular would continue expanding their business operations in Vietnam.
PM calls on Korean investors to expand operations in Vietnam ảnh 1Prime Minister Nguyen Xuan Phuc (R) and Chairman of the SK Group Chey Tae-won (Source: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has expressed his wish thatinvestors from the Republic of Korea (RoK) and the SK Group in particular wouldcontinue expanding their business operations in Vietnam. 

During a reception in Hanoi on November 8 forChairman of the SK Group Chey Tae-won, the PM asked the SK Group, amulti-sectoral corporation operating in the fields of energy,telecommunications, information technology, to continue supporting theVietnamese government’s economic development orientations, especially amid thefourth industrial revolution. 

He said the Vietnamese Government assigned theMinistry of Planning and Investment to study a national strategy, and asked theSK Group to join in the effort. The PM lauded the group’s support for theconstruction of a national innovation centre, an important part in Vietnam’sindustrial revolution strategy 4.0. 

PM Phuc said the Government of Vietnam isstepping up equitisation and divestment in major and effective State-ownedenterprises, mostly those working in the spheres of telecommunications,chemicals, processing industry, beverages, aviation and energy. 

The Vietnamese Government always encouragesforeign investors, including the SK Group with financial capability, expertise,brand and markets, to join in the process as strategic investors, hesaid. 

As Vietnam is home to nearly 700,000enterprises, the PM suggested the SK Group connect Vietnamese small andmedium-sized enterprises via its value chain and global market while promotinginvestment in fields of its strength such as semi-conductors, smart urbandevelopment, petrochemicals, oil and gas, renewable energy, energy saving andinformation technology. 

He went on to say that the Vietnamese Governmentis working to improve the business climate, thus creating favourable conditionsfor investors, including those from the RoK. 

Chey, for his part, said the group has launched severalnew projects in Vietnam, including its investment in Masan Vietnam, and wantsto invest in other private groups in the country.

He said the SK Group is interested in Vietnam’s equitisedenterprises and those planning for equitisation, environmental protection andsocial activities in the country. 

The chairman pledged that the SK Group will doits best in business fields in Vietnam, thus contributing to the country’ssocio-economic development and lifting bilateral ties. 

He said the group wants to offer ideas for thedevelopment of more Vietnamese SMEs so as to reach 1 million firms by 2020, andpropose measures to protect the environment and promote environmental treatmenttechnologies in Vietnam.-VNA
VNA

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