Deputy Prime Minister Trinh Dinh Dung (R) meets with  head of the EDCF Kim Tae-soo (Photo: VNA)
 
Seoul (VNA) – Deputy Prime Minister Trinh Dinh Dung met with the head of the Economic Development Cooperation Fund (EDCF), the President of the Republic of Korea (RoK)-Vietnam Friendship Association and leaders of several major RoK corporations in Seoul on December 4.

The Deputy PM is paying a visit to the East Asian nation from December 2-6.

During his meeting with Kim Tae-soo, head of the EDCF, Dung affirmed that the RoK is a leading partner of Vietnam, noting that it is the largest investor in, and second biggest provider of official development assistance (ODA) for Vietnam.

He spoke highly of the role of the EDCF in cooperating with Vietnam to effectively implement ODA projects, especially in infrastructure development, bringing practical results and contributing to Vietnam’s socio-economic growth.

He asked the EDCF to continue working closely with the Vietnamese side to implement the assistance funds, worth 1.5 billion USD, over the 2016-2020 period.

In response, the EDCF leader said the fund will push for the provision of preferential loans for Vietnamese and RoK firms to carry out public-private partnership projects in Vietnam.

At the meeting with President of the RoK-Vietnam Friendship Association Choi Young-joo, Deputy PM Dung hailed the organisation’s contributions to the countries’ friendship and cooperation, as well as its efficient partnership with the Vietnam-RoK Friendship Association.

He urged Choi Young-joo, who is also a successful entrepreneur in Vietnam, to encourage RoK firms to seek investment opportunities in agriculture and new spheres of potential in Vietnam.

Dung also proposed that the association continue to support the Vietnamese community in the RoK, and particularly Vietnamese brides.

At the reception for leaders of Hyundai Motor, Lotte, CJ, and Hyosung, the Vietnamese Deputy PM affirmed that the Vietnamese Government will further improve the business climate and create optimal conditions for foreign investors, including those from the RoK.

Dung expressed his hope that RoK businesses will expand investment in fields that Vietnam has demand for and that the RoK boasts strength in, thus balancing trade relations.

The RoK firms appreciated the Vietnamese Government’s efforts to improve the investment environment and vowed to boost investment in Vietnam in the coming time, notably in infrastructure development, logistics, manufacturing, automobile, agriculture and food processing, and biotechnology. –VNA