Business

Vietnam – RoK business summit opens in Quang Nam

The Vietnam – Republic of Korea (RoK) business summit took place in the central province of Quang Nam on November 9, discussing policies and orientations for bilateral cooperation in startups, innovation, and technology development.
Deputy Prime Minister Trinh Dinh Dung speaks at the event (Photo: VNA)
Deputy Prime Minister Trinh Dinh Dung speaks at the event (Photo: VNA)
 
Quang Nam (VNA) – The Vietnam – Republic ofKorea (RoK) business summit took place in the central province of Quang  Nam on November 9, discussing policies andorientations for bilateral cooperation in startups, innovation, and technologydevelopment.

Speaking at the event, Deputy Prime Minister Trinh Dinh Dungstated it is an opportunity for the two nations to exchange visions and chancesfor collaboration in the new period to deepen their strategic partnership.

Vietnam – RoK economic ties have grown robustly, recording atotal of 8.190 investment projects worth 65.7 billion USD.

In 2018, the RoK was the third largest trade partner ofVietnam, just after China and the EU. Vietnam exported 18.2 billion USD towhile importing 47.5 billion USD worth of products from the RoK.

Vietnam has launched the ‘Made in Vietnam 4.0’ programme,Dung said calling for RoK firms to come to and make fourth-industrial-revolution-relatedproducts in the country.

Vietnam wants to strengthen extensive, comprehensive andeffective with the RoK based on mutual sharing and support to connect theirstrengths and potential, the official affirmed, adding that Vietnam encourageinvestment cooperation in manufacturing, IT, energy, processing and supportindustries, high-tech agriculture, infrastructure, and smart city development,among others.

He recommended Vietnamese and RoK business communitiesexchange new ideas and creative solutions to assist their joint startup andcollaboration projects.

The Vietnamese Government always creates best conditionspossible for RoK investors to operate in Vietnam, particularly in the centralregion, Dung said.

President of Vietnam Chamber of Commerce and Industry VuTien Loc said Vietnam, with stable political environment and good economicgrowth rate between 6.5 to 7 percent in years, is an attractive destination forforeign investors, including those from the RoK.

He noted with an aim of raising trade between the two countriesto 100 billion USD in 2020, Vietnam wants the RoK to facilitate itsagro-forestry-fishery products, apparel, and woodwork and rubber products inaccessing the local market.

Vietnam is willing to take in major goods from the RoK, headded./.
VNA
#Vietnam – Republic of Korea business summit #Quang Nam #Trinh Dinh Dung #Vietnam – RoK economic ties #Vu Tien Loc #VCCI #Vietnam News Agency #vietnamplus
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