RoK among HCM City’s top investors
(VOV) - A December 25 meeting marking the 20th anniversary of bilateral diplomatic ties between Vietnam and the Republic of Korea (RoK) has announced the RoK is now the fourth largest foreign investor in Ho Chi Minh City.
Hua Ngoc Thuan - Vice Chairman of the HCM City People’s Committee - reviewed recent productive developments in Vietnamese-RoK relations across fields including politics, trade, investment, culture, and tourism.
HCM City has become a leader in strengthening the Vietnamese-RoK relationship, with 2011’s two-way trade turnover reaching nearly US$18 billion.
That figure was estimated at more than US$17 billion after the first ten months of this year and is expected to hit US$20 billion by 2015.
The RoK ranked third in terms of foreign investment in HCM City over the past 11 months, recording US$24.6 billion in total capitalisation.
RoK Consul-General in HCM City Oh Jae Hack expressed his pleasure at the mutually beneficial bilateral relationship, noting the potential for cooperation created by reciprocated trust and understanding.