Hanoi, Seoul seek to foster investment cooperation
Chairman of the Hanoi People’s Committee Nguyen Duc Chung has called on companies of the Republic of Korea to increase their investment in Hanoi in the time to come.
Mayor of Seoul Park Won-soon receives the Hanoi delegation (Photo: )
Hanoi (VNA) - Chairman of the Hanoi People’s Committee Nguyen Duc Chung has called oncompanies of the Republic of Korea to increase their investment in Hanoi in thetime to come.
During a meeting on November 20 with Mayor of Seoul Park Won-soon as part ofhis working visit to the RoK, Chung said Hanoi hopes RoK firms to pour moreinvestments into support industry, satellite, smart and eco-urban areas,transport infrastructure, andhigh-quality human resources development serving startups.
The two sides highlighted multi-faceted cooperation achievements betweenVietnam and the RoK in general and between Hanoi and Seoul in particular,saying that the culture similarity is one of advantages for investment andeconomic cooperation between the two countries.
The RoK is the second largest foreign investor in Hanoi, and ranks third in thenumber of foreign tourists to the Vietnamese capital city.
As many as 70,000 Koreans are living, working and studying in Hanoi, forming astrong community in the capital city.
On the same day, Chung and his entourage visited the Seoul TransportOperation and Information ServicesCentre (Seoul TOPIS), during which they were introduced Seoul’s experience inapplying IT in transport management, security and order.
The delegation had also a working session with representative of the Korea Federationof SMEs (KBIZ).
Chairman of KBIZ Kim Ki-mun highly value the efficiency of cooperationbetween RoK firms and Vietnamese partners in general and those from Hanoi inparticular, saying that Korean companies want to seek investment opportunitiesin Hanoi.
Chung said the Hanoi authority has built numerous policies to facilitateforeign investors, including those from the RoK.
On the occasion, the two sides signed a memorandum of understanding (MoU) oncooperation, which is hoped to create a favourable foundation for Korean firmsto boost investment in Hanoi in the future./.
Leaders of Hanoi and Seoul expressed their wish for stronger bilateral cooperation in several aspects as they met on the sidelines of the World Cities Summit, which kicked off in Singapore on July 10.
Hanoi and Seoul leaders expressed their willingness to boost bilateral cooperation during a visit of a Hanoi delegation to the capital city of the Republic of Korea from August 17-21.
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Mayor of Seoul Park Won-soon receives the Hanoi delegation (Photo: ) 
