Prime Minister Nguyen Xuan Phuc (R) and Chairman of the Federation of Korean Industries Huh Chang-Soo.
(Photo: VNA)

Hanoi (VNA) – The Vietnamese Government welcomes and creates favourable conditions for foreign businesses to make investments in Vietnam, including those from the Republic of Korea (RoK), Prime Minister Nguyen Xuan Phuc has affirmed.

Hosting reception in Hanoi on September 10 for Chairman of the Federation of Korean Industries Huh Chang-Soo, who led a RoK business delegation, PM Phuc lauded Korean investors for continuing their investment in large-scale projects in Vietnam, hoping that they will carry on pouring more capital into high-tech sectors, heavy industry, and infrastructure development.

PM Phuc voiced his hope that RoK companies will bring state-of-the-art technologies to Vietnam, work to protect the environment, create jobs for local people, and contribute to Vietnam-RoK relations.

He wished for stronger cooperation between enterprises of both nations and suggested the RoK side import more from Vietnam in order to balance trade.

Furthermore, the Government leader asked businesses to channel more efforts into realising the set target of 100 billion USD in bilateral trade by 2020.

Vietnam and the RoK are enjoying a fruitful strategic cooperative partnership, he said, adding that nearly 160,000 Vietnamese and RoK nationals are living in each nation, serving as a bridge to connect the two peoples and contribute to their future.

Huh Chang-Soo, for his part, highlighted Vietnam’s strong economic growth and sound relations between the two nations, saying that the two factors will open up various cooperative opportunities for Vietnamese and RoK enterprises.

He said that bilateral relations have not only been thriving in economy, but also in other sectors such as culture, tourism, cuisine, and sport.

Representatives of RoK corporations informed the Vietnamese leader of their activities in Vietnam and hoped to receive further support from the Vietnamese Government and relevant authorities. –VNA