Prime Minister Nguyen Tan Dung promised all possible support for businesses from the Republic of Korea (RoK) to invest in Vietnam when he attended a dialogue with the Korean business community in Busan city on December 10.

Talking with representatives from over 40 RoK enterprises, the PM noted with pleasure that the RoK is currently the largest foreign investor in Vietnam with nearly 37 billion USD in total poured into the country so far.

Two-way trade between the two countries has grown steadily by around 20 percent annually and the RoK is the third largest trade partner of Vietnam. The RoK is also the second largest source of tourists and provider of official development assistance for Vietnam, behind Japan only.

With the free trade agreement slated for signing in early 2015, the government leader expressed his confidence in the good prospects of economic, trade and investment ties between Vietnam and the RoK, declaring that Vietnam has been improving its business climate to catch up with other regional nations.

At the event, he also clarified issues related to Vietnam’s policies to attract foreign investment.-VNA