NA Chairwoman Nguyen Thi Kim Ngan (right) and Park Soo-kwan, Honorary Consul General of Vietnam in the RoK’s Busan-Kyeongnam region. (Source: VNA)

Hanoi (VNA) –
The Vietnamese National Assembly has always paid attention to building suitable policies and laws, and ensuring a favourable investment environment for foreign businesses in general and those from the Republic of Korea (RoK) in particular, said NA Chairwoman Nguyen Thi Kim Ngan.

The top legislator told Park Soo-kwan, Honorary Consul General of Vietnam in the RoK’s Busan-Kyeongnam region, that Vietnam considers the success of RoK enterprises part of its own success, during their meeting in Hanoi on August 24.

Ngan expressed her delight at the fruitful relations between Vietnam and the RoK, as reflected in the regular exchange of high-level delegations – the most recent of which was President Moon Jae-in and his spouse’s visit to Vietnam in March 2018.

Highlighting the contributions by RoK investors and residents in Vietnam to local socio-economic development, she said the RoK has maintained its position as Vietnam’s leading economic partner and largest investor with more than 6,000 firms and a total capital amounting to 57.6 billion USD in 2017.

The RoK is also Vietnam’s second largest trade partner, official development assistance (ODA) supplier, and labour and tourism market. Meanwhile, Vietnam remains the RoK’s leading partner, and has been identified as the central cooperative partner in the New Southern Policy of the country, the NA Chairwoman added.

Ngan said the Vietnamese NA highly appreciates Park’s constructive contributions to the relationship between Vietnam and the RoK, as well as their legislative ties.

She also stressed his practical support for the 30,000 Vietnamese in the Busan-Kyeongnam region, particularly Vietnamese-Korean families.

The legislator asked Park to carry forward his role as Vietnam’s Honorary Consul General in the region to assist the Vietnamese Embassy in the RoK, and promote cooperation and exchange between the two countries, especially their people’s councils, local authorities, and businesses.

She urged the Honorary Consul General to introduce prestigious RoK firms to invest in Vietnam, contributing to reinforcing bilateral economic, trade, and investment ties and bringing pragmatic interests to people of both sides.

For his part, Park said Vietnam and the RoK share a lot of similarities, and stressed that Vietnam is an important partner of the RoK in economic development.

He noted that many RoK businesses are interested in Vietnam’s investment environment, and pledged to make every effort to cultivate the fruitful relationship between the two countries.

Vietnam has 19 foreign honorary consul generals and consuls in a number of countries, who were appointed by the Foreign Minister to help promote relations between Vietnam and these countries, as well as deal with issues relating to citizen protection. –VNA