President wishes RoK groups to invest more in Vietnam
Seoul (VNA) – President Nguyen Xuan Phuc has
wished that the Republic of Korea (RoK)'s corporations would invest more in Vietnam and work closely
with Vietnamese partners to make economic cooperation between the two countries on par with their diplomatic ties.
During a reception in Seoul
on December 6 for executives of leading RoK groups, President Phuc said as
Vietnam already signed new-generation free trade agreements, Korean enterprises
will have a chance to access ASEAN, Asia-Pacific and other markets, in addition to the 100-million-strong Vietnamese market .
He suggested they invest in
Vietnam’s localities in fields of their strength, high technology and environment
protection.
Chairman of Hyosung Group Cho
Huyn-joon said his group has invested in all the three regions of the country with a
total capital of 3.5 billion USD in apparel and industrial establishments, generating jobs to 10,000 workers. Hyosung wants to invest more in Vietnam in potential fields like environment and green growth, he noted.
The Vietnamese leader
suggested Hyosung double investment in Vietnam, adding that Vietnam is keen on
attracting investment in industry and environment to provide stable sources of input
materials for Korean factories.
Meeting Chairman and CEO of
the Korea Development Bank (KDB) Kang Seog-hoo,
Phuc spoke highly of KDB’s good will to engage in finance-banking activities in
Vietnam. He asked the lender to continue helping Korean firms successfully do business
in Vietnam, especially in green finance and sustainability with a focus on
green bond market under the national strategy on green growth for 2021-2030.
The Vietnamese leader also
welcomed KDB’s proposal to work with the Vietnamese Finance Ministry to build a
sustainable development plan for the Vietnam Development Bank.
Kang, for his part, said KDB has
been instrumental in the RoK's development in the fields of automobile, shipbuilding,
chemicals and heavy industry. It wants to share experience with Vietnam and
offers capital to Korean firms to invest in fields of Vietnam’s priority such
as green development, environment and clean energy.
KDB is also exploring the
possibility of launching new financial products and services in Vietnam, he added./.