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Vietnam facilitates Korean investments: Deputy PM

The Vietnamese Government will work to remove bottlenecks and create the best conditions for enterprises from the Republic of Korea to operate in Vietnam, Deputy Prime Minister Vuong Dinh Hue stressed on June 19.
Vietnam facilitates Korean investments: Deputy PM ảnh 1Deputy PM Vuong Dinh Hue (R) and Chairman of Hyosung Group Cho Hyun-joo (Photo: VNA)

Seoul, June 19 (VNA) – The Vietnamese Government will work to removebottlenecks and create the best conditions for enterprises from the Republic ofKorea to operate in Vietnam, Deputy Prime Minister Vuong Dinh Hue stressed onJune 19.

He made the affirmation while hosting a reception for heads of leading Koreancorporations as part of his ongoing visit to the East Asian country.

Meeting with Chairman of Hyosung Group Cho Hyun-joo, Deputy PM Hue said that thegroup is one of the largest Korean investors in Vietnam as it has registeredsome 3 billion USD in production projects in Dong Nai and Quang Nam provinces.

He spoke highly of the group’s presence in the Vietnamese market, and hopedthat it will land long-term investments and expand project scale in theSoutheast Asian country.

Responding to Cho’s queries on the approval for the expansion of Tam Thangindustrial park in Quang Nam province, and Nhon Trach industrial park in DongNai province, as well as recommendation on the construction of a ring road inTan Van-Nhon Trach section, Hue said that the Government will entrust the Ministryof Planning and Investment and the Ministry of Finance as well as competentagencies to handle the issues.

Vietnam facilitates Korean investments: Deputy PM ảnh 2Deputy PM Hue (R) receives Lotte Group chairman Shin Dong-bin. (Photo: VNA)

In a separate reception for Lotte Group chairman Shin Dong-bin, Deputy PM Huesaid that the Government would back the group to settle challenges such asthose in the projects of EcoSmartCity Thu Thiem and Hanoi Lotte Mall.

He took the occasion to thank Lotte for supporting the Vietnamese farm produceprogramme, nudging the country’s tropical agricultural products closer toforeign consumers.

Hue also had meetings with CEO of Hanhwa Energy Ryu Du-hyung, CEO of GSEngineering & Construction Corporation Woo Mu-hion, and leaders of Koreanproperty ventures.

The same day, he witnessed the signing of strategic cooperation deal between AnPhat Holdings JSC and TLC Korea, and visited representatives of the Vietnamesepeople community and staff of the Vietnamese Embassy in the RoK.

Currently, the RoK is the largest investor, and second largest ODA provider forVietnam.

Under an MoU signed between both sides in 2018, they will work together toincrease trade revenue to 100 billion USD by 2020.-VNA  
VNA
#Vietnamese Government #remove bottlenecks #Republic of Korea #Deputy Prime Minister Vuong Dinh Hue #Chairman of Hyosung Group Cho Hyun-joo #Lotte Group chairman Shin Dong-bin #EcoSmartCity Thu Thiem #Hanoi Lotte Mall #CEO of Hanhwa Energy Ryu Du-hyung #strategic cooperation deal #Vietnamese Embassy in the RoK #Vietnam News Agency #Vietnamplus Korea (RoK)

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