Deputy PM calls for more Korean investment to Vietnam
Seoul (VNA) - Permanent Deputy Prime Minister Pham Binh Minh on December 6 encouraged Korean firms
to expand investment in Vietnam in digital technology, electronics, infrastructure
and industrial zones.
During a working session with Korean Deputy PM and Minister
of Economy and Finance Choo Kyung-ho in Seoul, Minh asked
the Republic of Korea (RoK) to facilitate Vietnam’s agro-fisheries exports to the country, toward lifting two-way trade to 100 billion USD
by 2023 and 150 billion USD by 2030 in a more balanced and sustainable manner.
Choo, for his part, suggested both countries expand
coordination in new spheres such as digitalisation, climate change response and
environment-friendly technology.
The RoK will provide more official development assistance for
Vietnam within the framework of the Economic Development Cooperation Fund
(EDCF) signed during President Nguyen Xuan Phuc’s ongoing visit, he said.
He wished the Vietnamese Government will make it easier for
Korean financial organisations to enter Vietnam, thus expanding Korean
investment in the country.
The two sides agreed to broaden areas receiving Vietnamese
workers and those of Vietnam’s demand, as well as to work with competent agencies
to facilitate travel, entry-exit and residence of citizens while propelling
cultural and tourism cooperation, and people-to-people exchange.
At the Vietnam-RoK Business Forum held in the morning the
same day, President Phuc witnessed the signing of 15 memoranda of understanding
on cooperation.
Phuc
hosted representatives of Korean enterprises operating in infrastructure,
electronics, finance, transport and education that expressed their interest in
Vietnamese market. They vowed to continue investing in Vietnam in the near
future.
Statistics
from the Vietnamese Ministry of Planning and Investment showed that deals
reached during the visit are estimated at nearly 15 billion USD./.