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Korean investors join efforts to develop RoK-VN ties: Finance Minister

The Republic of Korea (RoK) investors’ participation in Vietnamese market shows their responsibility for promoting Vietnam-RoK relations, said Minister of Finance Dinh Tien Dung.
Korean investors join efforts to develop RoK-VN ties: Finance Minister ảnh 1Minister of Finance Dinh Tien Dung at the investment promotion conference in Seoul (Photo: VNA)

Seoul (VNA) – The Republic of Korea (RoK) investors’participation in Vietnamese market shows their responsibility for promoting Vietnam-RoKrelations, said Minister of Finance Dinh Tien Dung.

He made the statement while chairing an investment promotion conference inSeoul on April 18, which drew the attendance of more than 400 RoK investors andrepresentatives from Financial Services Commission, Korea Financial InvestmentAssociation, Korea Stock Exchange, investment funds, and leading banks and insurancegroups.

The RoK is currently the largest foreign investor in Vietnam with totalregistered capital of 59 billion USD and the Vietnamese Government lauded the presenceof RoK leading businesses in the country in the past three decades, Dung said.

He stated that Vietnam-RoK relationship is entering a new phase thanks to theMoon Jae-in administration’s New Southern Policy, in which Vietnam plays a corerole.

Moon’s visit to Vietnam last month helped deepen the ties across the fields,Dung added.

Informing the participants of Vietnam’s economy, the official noted thatimport-export revenue smashed the record benchmark of 400 billion USD in 2017while the registered FDI capital reached 319.6 billion USD. The FDI sector has createdmillions of jobs for local labourers and promoted growth model shifting in thecountry.

At the event, many RoK businesses expressed their interest in Vietnamesesecurities and insurance markets as well as the country’s new policy to developthe economy.

Earlier on April 17, Dung had a meeting with Deputy Prime Minister cum Ministerof Strategy and Finance Kim Dong-yeon, during which they agreed that Moon’svisit to Vietnam marked the two governments’ determination to deepen thestrategic cooperative partnership.

During his stay in Seoul, the minister visited the Vietnamese Embassy in theRoK on April 16. He lauded the embassy’s role in promoting the bilateral strategiccooperative partnership in all sectors, especially in economic collaborationand investment attraction.-VNA


VNA
#Republic of Korea (RoK) investors #Vietnam-RoK relations #Minister of Finance Dinh Tien Dung #investment promotion conference #Moon Jae-in administration’s New Southern Policy #FDI sector #Vietnam News Agency #Vietnamplus Korea (RoK)
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