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).
Finance 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 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).
Finance Minister Dinh Tien Dung made the remark in an interview given to Vietnam News Agency on the sidelines of an investment promotion conference in the RoK on April 18.
He said the Vietnamese Government recognises the role of foreign investors, including those from the RoK.
The RoK investors’ participation in the equitisation and divestment will help improve the quality of economic restructuring in Vietnam. It is expected to promote the effectiveness of the governance 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 wants to attract RoK investment in should be the ones both sides are strong at and can contribute to the two economies’ prosperity like heavy industry, oil refining and petrochemistry, high technology, electronic and consumer product manufacturing, and infrastructure and real estate development.
Vietnam highly values RoK investors’ advantages in capital, technology and governance. It hopes that aside from direct investment, they will also step up indirect investment so as to materialise the statement of the two countries’ leaders during a visit to Vietnam by RoK President Moon Jae-in last March.
The RoK is currently the biggest investor in Vietnam with 59 billion USD of direct investment and over 3 billion USD of indirect investment. Samsung projects in Thai Nguyen province, Bac Ninh province and Ho Chi Minh City, Kaengnam and Lotte buildings, and the Starlake residential area in Hanoi are considered examples of successful investment cooperation between the two countries.-VNA
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