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Forum on Vietnam-RoK cooperation held in Hanoi

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

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

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

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

RoKAmbassador to Vietnam Chan Ho Ha said Vietnam is a big trade partner ofthe RoK, adding that his country is willing to share its experiences indevelopment with Vietnam.

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

According to theVCCI President, the establishment of strategic partnership allowsVietnam and the RoK to further develop their cooperative ties and thetwo countries can expect even more development progress when theirpartnership continues to be defined under the bilateral free tradeagreement in the future./.
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