Politics

PM promises optimal conditions for Korean investors

The Government of Vietnam always creates favourable conditions for Korean firms, including the Hyosung Group, to invest in the country, said Prime Minister Nguyen Xuan Phuc.
PM promises optimal conditions for Korean investors ảnh 1Prime Minister Nguyen Xuan Phuc presents a gift to Chairman of the Hyosung Group Cho Hyun-joon. (Photo: VNA)

Hanoi (VNA) - The Government of Vietnam always creates favourableconditions for Korean firms, including the Hyosung Group, to invest in thecountry, said Prime Minister Nguyen Xuan Phuc.

Whilereceiving Chairman of the Hyosung Group Cho Hyun-joon in Hanoi on February 8,PM Phuc agreed to soon organise a forum to attract more investors from theRepublic of Korea (RoK) to Vietnam as suggested by Cho.

Hepraised Hyosung as one of the biggest Korean investors in Vietnam, which hasoperated many important projects in all three regions of the country.

ThePM suggested Hyosung to join as a strategic investor of Vietnam’s electricitytransformer factory and urged the group to pay due attention to environmentalprotection when carrying out projects.

Chosaid the Hyosung Group is striving to bring its total investment in Vietnam upto 6 billion USD, adding that the group is planning to invest in electricityprojects in Vietnam, particularly by supplying high voltage power transformerswhich are sought after in the country.

Thegroup wants to partner with and transfer technologies to Vietnamesemanufacturers of power transformers so as to make Vietnam an exporter of theproduct, he said.

Hyosungis a leading producer of all classes of power transformers, ranging up to 765kVin the RoK. Its products have been available in 70 countries and territoriesacross the globe.-VNA
VNA
#Prime Minister Nguyen Xuan Phuc #Hyosung Group #Chairman of the Hyosung Group Cho Hyun-joon #Republic of Korea #electricity transformer #high voltage power transformers #Vietnam #English news about Vietnam #Vietnam news #news about Vietnam #English news #latest news on Vietnam #Vietnam #Vietnam breaking news #news VN #VN news #Vietnamplus #vietnam news agency #economy #business Korea (RoK)
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