Illustrative image (Source: VNA) Seoul (VNA) – A seminar to promote investment inthe northern province of Vinh Phuc took place in the Republic of Korea (RoK)’sKyeonggi province on June 20.
Speaking at the event, Investment Counsellor Dinh Thi TamHien said 2019 marks the 27th anniversary of diplomatic ties and the 10thanniversary of strategic cooperative partnership between Vietnam and the RoK.
The RoK is now the top investor in Vietnam with over 7,400projects and a combined capital of 65.2 billion USD as of the end of 2018. Itgenerated jobs to around 70,000 workers and contributed to nearly 30 percent ofVietnam’s total exports.
The country is also the second largest trade partner ofVietnam with a two-way trade of 65.7 billion USD last year, which is expectedto hit 100 billion USD by 2020.
RoK tourist arrivals in Vietnam neared 3.5 million whileabout 500,000 Vietnamese travelled to the RoK last year.
People-to-people exchange has kept improving at all levelswith nearly 180,000 citizens living and working in each nation.
Permanent Vice Secretary of the provincial Party Committeeand Chairman of the provincial People’s Council Tran Van Vinh said Vinh Phuc’seconomy grows by more than 15 percent each year, with agriculture and servicesaccounting for over 90 percent of the total.
As of the end of the first quarter this year, there were 345foreign-invested projects from 17 countries and territories in Vinh Phuc with acombined registered capital of over 4.5 billion USD.
He committed that Vinh Phuc will offer all possible supportto RoK firms to effectively do business in the locality, especially inautomobiles and motorbikes, electronics, agricultural machinery, constructionmaterials, clean energy, farm produce and food processing, ecological tourismcomplexes, entertainment areas, education-training, and health care.
General Director of Interflex Vina Lee Keun-bae and GeneralDirector of the Korea Association of Machinery Industry Lim Kae-hwa sharedtheir experience in successfully doing business in Vietnam and Vinh Phuc inparticular.
Representatives from the provincial departments and agenciesanswered questions regarding policies, laws, incentives, dispute settlementduring investment in Vinh Phuc.-VNA
Speaking at the event, Investment Counsellor Dinh Thi TamHien said 2019 marks the 27th anniversary of diplomatic ties and the 10thanniversary of strategic cooperative partnership between Vietnam and the RoK.
The RoK is now the top investor in Vietnam with over 7,400projects and a combined capital of 65.2 billion USD as of the end of 2018. Itgenerated jobs to around 70,000 workers and contributed to nearly 30 percent ofVietnam’s total exports.
The country is also the second largest trade partner ofVietnam with a two-way trade of 65.7 billion USD last year, which is expectedto hit 100 billion USD by 2020.
RoK tourist arrivals in Vietnam neared 3.5 million whileabout 500,000 Vietnamese travelled to the RoK last year.
People-to-people exchange has kept improving at all levelswith nearly 180,000 citizens living and working in each nation.
Permanent Vice Secretary of the provincial Party Committeeand Chairman of the provincial People’s Council Tran Van Vinh said Vinh Phuc’seconomy grows by more than 15 percent each year, with agriculture and servicesaccounting for over 90 percent of the total.
As of the end of the first quarter this year, there were 345foreign-invested projects from 17 countries and territories in Vinh Phuc with acombined registered capital of over 4.5 billion USD.
He committed that Vinh Phuc will offer all possible supportto RoK firms to effectively do business in the locality, especially inautomobiles and motorbikes, electronics, agricultural machinery, constructionmaterials, clean energy, farm produce and food processing, ecological tourismcomplexes, entertainment areas, education-training, and health care.
General Director of Interflex Vina Lee Keun-bae and GeneralDirector of the Korea Association of Machinery Industry Lim Kae-hwa sharedtheir experience in successfully doing business in Vietnam and Vinh Phuc inparticular.
Representatives from the provincial departments and agenciesanswered questions regarding policies, laws, incentives, dispute settlementduring investment in Vinh Phuc.-VNA
VNA
