NA Chairman receives leader of RoK law firm Kim & Chang
VOV.VN - National Assembly Chairman Vuong Dinh Hue on April 7 hosted Kye Sung Chung, a senior partner and the chair of the Finance Practice at Kim & Chang, the leading law firm in the Republic of Korea.
Hue appreciated the Korean law firm having provided consultancy for Korean firms in seeking business opportunities in Vietnam.
The RoK is the largest FDI investor and the third largest trading partner of Vietnam, he said, partly attributing the success to practical contributions by Kim & Chang.
Hue emphasized that the high political trust between Vietnam and the RoK is an important foundation for the growing economic, trade and investment cooperation between the two countries in the future.
According to the parliamentary leader, the two economies are highly complementary, and they should strive to rapidly increase bilateral trade ties towards a more sustainable and balanced approach.
Given the unpredictable and complicated developments globally, the two economies should strengthen cooperation to create and maintain supply chains, especially for strategic products, he suggested.
Hue recalled that during his Seoul visit in 2021, some Korean investors said that Vietnam could serve as a production base for semiconductor technology. He expected Kim & Chang would study and connect the business communities of the two countries in developing an ecosystem related to this strategic product.
He welcomed the RoK’s tentative plan to grant US$16 billion in ODA to Vietnam, and asked Kim & Chang to lobby the Government and legislature of the RoK to help Vietnam access this source of aid.
Chung for his part shared Hue’s view that both economies of the RoK and Vietnam are highly complementary and they have many opportunities for mutual development.
The RoK has experienced nearly 60 years of economic development, and Vietnam can learn from its experience to avoid difficulties in its development, he said.
The executive briefed his host on the law firms operations, and said Kim & Chang not only supports Korean businesses in investing in Vietnam, but also supports Vietnamese businesses in cooperating or investing in the RoK, as well as receiving Korean technology.
With its rich experience in various areas, Kim & Chang can also assist Vietnamese agencies in policy-making and law-making, he told his host.