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RoK investors hoped to be strategic partners in VN’s SOE equitisation

As investors from the Republic of Korea (RoK) have financial strength, management experience and high technology, Vietnam wants them to actively take part in and become strategic partners in the equitisation and divestment of State capital from State-owned enterprises (SOEs).
RoK investors hoped to be strategic partners in VN’s SOE equitisation ảnh 1Finance Minister Dinh Tien Dung (L) gives an interview to the Vietnam News Agency on the sidelines of an investment promotion conference in the RoK on April 18 (Photo: VNA)

Seoul (VNA) – As investors from the Republic ofKorea (RoK) have financial strength, management experience and high technology,Vietnam wants them to actively take part in and become strategic partners inthe equitisation and divestment of State capital from State-owned enterprises(SOEs).

Finance Minister Dinh Tien Dung made the remarkin an interview given to Vietnam News Agency on the sidelines of an investmentpromotion conference in the RoK on April 18.

He said the Vietnamese Government recognises therole of foreign investors, including those from the RoK. 

The RoK investors’ participation in theequitisation and divestment will help improve the quality of economicrestructuring in Vietnam. It is expected to promote the effectiveness of thegovernance and use of capital at SOEs in the country, he added.

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

The minister said the fields that Vietnam wantsto attract RoK investment in should be the ones both sides are strong at andcan contribute to the two economies’ prosperity like heavy industry, oilrefining and petrochemistry, high technology, electronic and consumer productmanufacturing, and infrastructure and real estate development.

Vietnam highly values RoK investors’ advantagesin capital, technology and governance. It hopes that aside from directinvestment, they will also step up indirect investment so as to materialise thestatement of the two countries’ leaders during a visit to Vietnam by RoK PresidentMoon Jae-in last March.

The RoK is currently the biggest investor inVietnam with 59 billion USD of direct investment and over 3 billion USD ofindirect investment. Samsung projects in Thai Nguyen province, Bac Ninhprovince and Ho Chi Minh City, Kaengnam and Lotte buildings, and the Starlakeresidential area in Hanoi are considered examples of successful investmentcooperation between the two countries.-VNA
VNA
#Republic of Korea #State-owned enterprises #SOEs #Finance Minister Dinh Tien Dung #RoK investors #RoK investment in Vietnam #economic restructuring in Vietnam #SOE equitisation #updated Vietnam news #Vietnamplus #Vietnam News Agency Korea (RoK)
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