Business

Hanoi vows to support RoK firms’ long-term investments

Hanoi is willing to create favourable conditions, especially in administrative procedures, for businesses from the Republic of Korea (RoK) to make long-term investments in the city.
Hanoi vows to support RoK firms’ long-term investments ảnh 1Chairman of Hanoi People's Committee Nguyen Duc Chung (R) received Korcham President Ryu Hang Ha on March 14 (Photo: hanoitimes.com.vn)
 

Hanoi (VNA) – Hanoi is willing to create favourableconditions, especially in administrative procedures, for businesses from theRepublic of Korea (RoK) to make long-term investments in the city.

Chairman of the municipal People’s Committee Nguyen Duc Chungmade the promise at a meeting with Ryu Hang Ha, Chairman of the Korea Chamberof Business in Vietnam (KORCHAM) in Hanoi on March 14.

At the meeting, Ryu Hang Ha expressed his desire to build aKORCHAM office in Hanoi to attract more long-term investments from the RoK,becoming a bridge between the two sides’ enterprises while strengthening tiesbetween Vietnam and the RoK.

Chung applauded KORCHAM’s plan, pledging that the city willoffer incentives to facilitate RoK firms’ operations in Hanoi. 

He suggested KORCHAM support the RoK Embassy in Vietnam to holdcultural exchange events which are scheduled to take place from April 8-9 nearthe Ly Thai To monument.

Chung also asked KORCHAM to hold an investment promotionconference between Hanoi and the RoK and coordinate with agencies to organisecultural exchanges to celebrate the 25th anniversary of Vietnam-RoK diplomaticrelations.

According to the KORCHAM chairman, there are about 5,700Korean enterprises in Vietnam with total capital of 50 billion USD, of which1,130 firms are in Hanoi.

As a representative of RoK enterprises in Vietnam, KORCHAMhas become a consultancy centre, connecting RoK firms with the Vietnamesegovernment and helping these businesses operate effectively in the city.-VNA

VNA
#long-term investments #RoK firms #KORCHAM Ha Noi Korea (RoK)
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