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Top legislator meets with leaders of RoK groups

National Assembly Chairman Vuong Dinh Hue on December 14 received representatives from a number of leading corporations of the Republic of Korea (RoK) as part of his ongoing official visit to the country.
Top legislator meets with leaders of RoK groups ảnh 1National Assembly Chairman Vuong Dinh Hue (L) meets with leaders of RoK groups (Photo: VNA) 

Seoul (VNA) – National Assembly Chairman Vuong Dinh Hue on December 14 received representatives from a number of leading corporations of the Republic of Korea (RoK) as part of his ongoing official visit to the country.

Speaking to Chairman Hue, Cho Huyn-sang, Vice Chairmanof Hyosung Group expressed his appreciation for efforts of Vietnamese workerswho are working for the group under the "three on-site" working model in order to fulfill business plans of the firm.

The Hyosung Group's leader proposed issues related to the firm’s investment inVietnam, including the refund of value-added tax for Hyosung Vina Chemicals,and suggested speeding up the early construction of Ring Road 3's Tan Van-Nhon Trach section, and approving the expansionof Tam Thang Industrial Park in the centralprovince of Quang Nam.

NA Chairman Hue proposed the Hyosung Group to closely coordinatewith the Ministry of Planning and Investment to accelerate the appraisal of theexpanded Tam Thang Industrial Park project, and work with the Ministry ofFinance and relevant agencies to proactively remove obstacles in tax refund.

Work on construction of the Ring Road No.3 project's Tan Van - Nhon Trach sectionis expected to start in the first quarter of next year, he said.

While meeting with CEO of GS Engineering & Construction Corp (GS E&C)Lim Byeong-yong, NA Chairman Hue spoke highly of corporation’s infrastructuredevelopment in Vietnam, affirming that Vietnam encourages foreign enterpriseswith technology, capacity and experience to invest in infrastructure projects,especially strategic infrastructure for transport, large cities, healthcare,energy, and digital infrastructure.

Vietnam has issued a list of 157 national projects calling forforeign investment in the 2021-2025 period in various fields, includingtransport infrastructure, industrial and economic zone facilities, informationtechnology infrastructure, education and health, he said, adding that Vietnampledges to create favourable conditions for GS E&C.

The top legislator said the Vietnamese NA is focusing on perfectingthe legal system to create the most favourable conditions for businesses, whilestrengthening its supervision to ensure the effective implementation ofpolicies and laws.

Meeting with General Director of Kyobo Life Insurance Co., Ltd Pyun Jung-bum, NAChairman Hue praised the firm’s plan to invest in Vietnam, saying that Vietnamhas huge potential for the life insurance sector and that building anddeveloping a safe, transparent, sustainable and efficient insurance market,especially towards digital transformation, is one of Vietnam's priorities.

As one of the three largest life insurance companies in the RoKthat has a strategy to expand business in Southeast Asia, Kyobo always paysspecial attention to the Vietnamese market, Jung-bum said.

The firm wishes to explore investment opportunities in thehealthcare business and start-ups in order to contribute to Vietnam's digitaltransformation process, he added. 

𓆉 Receiving Kim Seunghwan, President of Amorepacific Corporation, which is operating in manufacturingcosmetics and health care products, Hue said Vietnamwelcomes and supports the firm's plan to expand investment and business in thecountry in the near future.

He suggested the enterprise consider a plan to set up aproduction plant in Vietnam, saying that with its favourable and transparent businessand investment environment, Vietnam becomes an attractive destination forforeign investors, even in the context of COVID-19 pandemic.

Kim Seunghwan said his firm intends to open a factory in SoutheastAsia.

Meeting with Vice Chairman of Dongwon Group, Park In-ku, NAChairman Hue highly appreciated the group's effective operation in Vietnam,saying that it actively contributed Vietnam’s development of processing andmanufacturing industry.

For his part, Park proposed the Vietnamese top legislator tosupport the signing of an agreement on seafood production and processingbetween the two countries.

🥀 The group is planning to expand investment in other fields suchas logistics, transportation, containers, cold storage, packaging materials,food, and is considering investing in Vietnamese businesses operating inrelated fields, he said./. 

VNA
#National Assembly Chairman Vuong Dinh Hue #RoK firms #business plans #strategic infrastructure #national projects #technology infrastructure #attractive destination #digital transformation #Vietnamplus #Vietnam news #Vietnam News Agency Korea (RoK)

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