A seminar on opportunities for investment and trade cooperation between Vietnam and the Republic of Korea (RoK) was held in Seoul on June 8.

 

Addressing the event, Vietnamese Ambassador Tran Trong Toan said that Vietnam’s economy has been continuously developing over the past years and the country has become an attractive destination for foreign investments.

 

Vietnam recorded a growth rate of 5.32 percent despite the world’s economic crisis. By Dec. 2009, the nation attracted 177.7 billion USD in direct foreign investment, said ambassador Toan.

 

Representatives from the central provinces of Thua Thien-Hue and Quang Ngai spoke of their provincial preferential treatments and advantages.

 

According to assessments by the Korea Trade-Investment Promotion Agency (KOTRA), the Korea International Trade Association (KITA) and the Korea Chamber of Commerce and Industry (KCCI), Vietnam has been an attractive market for RoK’s investment and trade and RoK businesses consider Vietnam a profitable market with medium and long-term development potentials.

 

Secretary General of the ASEAN-RoK Centre Choi Young-je laid stress on Vietnam’s potentials and bilateral cooperation in economics and trade.

 

The ASEAN-RoK Centre will play an active role in promoting cooperation between RoK and Vietnam and between RoK and ASEAN, he said.