PM Phuc appreciates RoK’s continued investments in Vietnam

Both nations are enjoying a good strategic cooperative partnership, Phuc said, adding that nearly 160,000 Vietnamese and RoK nationals are living in each nation, which serves as a bridge connecting the two peoples and contributes to their future. The RoK is currently the biggest foreign investor in Vietnam, he noted.

He told his host that the Vietnamese Government welcomes and provides the optimal conditions for foreign businesses to land investments in Vietnam, including those from the Republic of Korea (RoK). He said he hopes that Korean investors would continue pouring more capital into high-tech sectors, heavy industry, and infrastructure development. 

PM Phuc expressed his hope that RoK companies will bring state-of-the-art technologies to Vietnam, join hands in environmental protection, create more jobs for local people, and make greater contributions to Vietnam-RoK ties.

He wished for stronger cooperation between both nations’ enterprises and suggested the RoK import more from Vietnam in order to balance trade. The cabinet leader also asked businesses to redouble efforts to actualize the set target of US$100 billion in bilateral trade by 2020.

Huh Chang-Soo, in turn, extolled Vietnam’s strong economic growth and sound relations between the two nations, which, he said, will offer a wealth of opportunity for Vietnamese and RoK enterprises.

He said he hopes that the Vietnamese government will continue to facilitate Korean investments, adding that bilateral relations have not only been focused on economics, but also expanded in other areas such as culture, tourism, and cuisine.

During the meeting, Korean corporate representatives briefed the Vietnamese leader on their activities in Vietnam and hoped to receive further support from the Vietnamese Government and relevant agencies.