Seoul (VNA) - Party General Secretary To Lam has affirmed Vietnam's commitment to supporting businesses from the Republic of Korea (RoK) while promising to build a fair, transparent, stable investment environment as both nations unite to foster trust, overcome challenges, share development achievements, and create a new era of cooperation.
Meeting with leaders, chairpersons and CEOs of major Korean conglomerates that have invested or plan to land investment in Vietnam on August 12 as part of his ongoing state visit to the RoK, Party chief Lam lauded the sincerity, strategic vision and strong confidence of Korean enterprises in the future of the bilateral relations.
He noted that Vietnam has capitalised on its resources to seize every development opportunity and therefore looks forward to the cooperation of Korean corporations, highlighting the country has worked to streamline government apparatus, cut administrative procedures, and remove institutional bottlenecks, thereby creating a more enabling investment environment for both citizens and businesses.
At the same time, the country is channeling resources into developing strategic infrastructure such as transportation and energy systems, advancing the financial and banking sectors as well as the digital financial market, and increasing the application of science and technology in economic projects.
The Party leader expressed his appreciation for the contributions made by major Korean conglomerates to Vietnam's economy over the years and hoped that they will continue their investment and business, expanding their presence in Vietnam.
He highly valued proposals to support Vietnamese enterprises' deeper participation in global supply chains, affirming Vietnam's readiness to serve as an important gateway for Korean enterprises to enter the Southeast Asian market. He welcomed Korean firms with experience and advanced technology to engage in energy transition and national infrastructure modernisation.
The Vietnamese leader also stressed that the two countries boast new cooperation opportunities, expressing his hope that with strong political trust, economic complementarity and a shared aspiration for sustainable growth, enterprises of both sides will help elevate the Vietnam – RoK relations to a new high.
At the meeting, corporate leaders shared visions and proposed new cooperation models suited to both countries’ development needs. Key areas of the discussions included strengthening technology transfer and supporting small and medium enterprises in supply chains, training high-tech human resources particularly in semiconductors, AI, and blockchain technology, collaborating in strategic infrastructure development such as liquefied natural gas (LNG), high-speed rail, and new energy sources, and exploring cooperation potential in cultural industries, logistics, and digital economy.
Representatives from Posco, Hyundai Motor, GS, HD Hyundai, Hyosung, Samsung Electronics, LG Display, Daewoo E&C, and Lotte shared their investment cooperation results and future investment and business plans in industrial, energy, technology, service, and infrastructure sectors in Vietnam. They committed to advancing projects in energy, nuclear power, rare earths, urban development, and shopping malls.
They hailed Vietnam’s development vision as well socio-economic development policies, pledging to partner with Vietnamese enterprises for mutual growth. They wished to receive further support for more effective investment and business activities, contributing to Vietnam’s economic development./.
