The Secretary General of the ASEAN-Korean Centre (AKC) Young Jai Cho has confirmed that businesses in the Republic of Korea (RoK) always see Vietnam as a promising market for construction and investing in real estate.
He stated this at a seminar to promote investment and trade between Vietnam and the RoK in Hanoi on Jan. 11.
Secretary General Young Jai Cho and representatives from the 20 top construction businesses in the RoK are on a fact-finding tour of Vietnam from January 11-13 to seek out investment opportunities.
The investment and trade relationship between Vietnam and the RoK has developed quickly in recent years, said Cho. Since the Law on Foreign Investments took effect in Vietnam in 1988, the RoK has invested 20 billion USD in more than 2,200 investment projects in Vietnam , ranking second out of the 89 countries and territories who currently invest in the country, he added.
Deputy Minister of Industry and Trade Nguyen Thanh Bien confirmed that bilateral economic, investment and trade ties have good prospect of developing further, especially as the RoK is one of the world’s economies to see an early recovery from the global economic downturn and maintain a good economic growth.
The Vietnamese Government highlighted the efforts made by RoK investors as the nation is always amongst the top three countries and territories to invest in Vietnam, stated the deputy minister.
The RoK businesses have left an important mark in various economic sectors, including infrastructure, real estate, the ship building industry, electricity generation and electronics, he added./.
He stated this at a seminar to promote investment and trade between Vietnam and the RoK in Hanoi on Jan. 11.
Secretary General Young Jai Cho and representatives from the 20 top construction businesses in the RoK are on a fact-finding tour of Vietnam from January 11-13 to seek out investment opportunities.
The investment and trade relationship between Vietnam and the RoK has developed quickly in recent years, said Cho. Since the Law on Foreign Investments took effect in Vietnam in 1988, the RoK has invested 20 billion USD in more than 2,200 investment projects in Vietnam , ranking second out of the 89 countries and territories who currently invest in the country, he added.
Deputy Minister of Industry and Trade Nguyen Thanh Bien confirmed that bilateral economic, investment and trade ties have good prospect of developing further, especially as the RoK is one of the world’s economies to see an early recovery from the global economic downturn and maintain a good economic growth.
The Vietnamese Government highlighted the efforts made by RoK investors as the nation is always amongst the top three countries and territories to invest in Vietnam, stated the deputy minister.
The RoK businesses have left an important mark in various economic sectors, including infrastructure, real estate, the ship building industry, electricity generation and electronics, he added./.
