A forum on Vietnam-RoK cooperation was held in Hanoi on Oct. 26 to further promote trade and investment ties between the two countries.

Deputy Minister of Planning and Investment Dang Huy Dong affirmed that the Republic of Korea (RoK) is one of Vietnam’s important foreign investors with a total investment capital of more than 22 billion USD.

In the first nine months of this year alone, the RoK had 163 projects licensed in Vietnam with a combined registered capital of more than 428 million USD, Dong said.

He said he hoped through the forum, RoK businesses will better understand Vietnam’s investment environment and opportunities.

RoK Ambassador to Vietnam Chan Ho Ha said Vietnam is a big trade partner of the RoK, adding that his country is willing to share its experiences in development with Vietnam.

President Vu Tien Loc of the Vietnam Chamber of Commerce and Industry, the forum’s co-organiser, Vietnam wants to learn RoK’s experiences in building big economic groups to serve its modernisation and industrialisation.

According to the VCCI President, the establishment of strategic partnership allows Vietnam and the RoK to further develop their cooperative ties and the two countries can expect even more development progress when their partnership continues to be defined under the bilateral free trade agreement in the future./.