Poster of the workshop on investment strategy in the context of the new normal and fostering reform and innovation. (Photo: courtesy of the organiser) The Ministry of Planning and Investment will jointly organise the event withthe National Innovation Centre and Saigon Telecommunications Technology JSC tocreate economic recovery and development momentum in the post-COVID-19period.
The workshop is an opportunity to identify the challenges of the economicrecovery process and apply creative practices to solve those challenges,especially in infrastructure development investment and transport, fields thatplay a key role in the growth of social investment capital and have a greatspillover effect for economic recovery.
The forum will be attended by State managers from central agencies andministries and some localities. The seminar participates in KIND (an agencyunder the Ministry of Land, Infrastructure and Transport of Korea that supportsKorean investors in developing infrastructure and urban projects in foreignmarkets).
The event also marks the 30th anniversary of diplomatic relations between Vietnamand the Republic of Korea (1992-2022), in line with the common orientationbetween the two countries of raising the relationship framework to a"Comprehensive Strategic Cooperation Partner."
By November 2021, two-way trade between Vietnam and the Republic of Koreareached 70.38 billion USD, up 20 per cent compared to 2020.
In 2021, the RoK became the second-largest direct investor in Vietnam, withtotal investment in the year reaching 7.4 billion USD, up 85 percent comparedto 2020.
The RoK continues to be the second-largest development aid provider to Vietnam,with a commitment of 1.5 billion USD in the period 2016-2020. Meanwhile, theVietnamese community in the RoK (estimated at over 240,000 people) and theKorean community in Vietnam (about 200,000 people) continue to overcomedifficulties, stabilise their lives and increase resilience in the pandemic.
The seminar will provide participants with important information about Vietnam’smechanisms and policies to promote investment attraction, economic recovery anddevelopment after the COVID-19 pandemic.
During the seminar, leaders in some localities in key economic regions such asHCM City, Ba Ria - Vung Tau, Dong Nai, Long An, Thai Nguyen and Quang Ninh withgreat demand for infrastructure development will announce policies to encourageinvestment through specific programmes and projects.
Despite the complicated developments of the world economy in the first half of2022, with its own advantages, Vietnam's adaptive and flexible economy isgradually regaining its growth momentum with encouraging results.
One of the large-scale solutions offered by the Government is a 350 trillion VNDeconomic support package, with one-third will be used for investment ininfrastructure development to complete critical traffic routes, such as theEast North-South Expressway; those connecting the northern mountainous region;and expressways in the Southeast and Mekong Delta regions, creating favourableconditions for investment and development of production and business./.
VNA
