Korean investors join efforts to develop RoK-VN ties: Finance Minister
The Republic of Korea (RoK) investors’ participation in Vietnamese market shows their responsibility for promoting Vietnam-RoK relations, said Minister of Finance Dinh Tien Dung.
Minister of Finance Dinh Tien Dung at the investment promotion conference in Seoul (Photo: VNA)
Seoul (VNA) – The Republic of Korea (RoK) investors’participation in Vietnamese market shows their responsibility for promoting Vietnam-RoKrelations, said Minister of Finance Dinh Tien Dung.
He made the statement while chairing an investment promotion conference inSeoul on April 18, which drew the attendance of more than 400 RoK investors andrepresentatives from Financial Services Commission, Korea Financial InvestmentAssociation, Korea Stock Exchange, investment funds, and leading banks and insurancegroups.
The RoK is currently the largest foreign investor in Vietnam with totalregistered capital of 59 billion USD and the Vietnamese Government lauded the presenceof RoK leading businesses in the country in the past three decades, Dung said.
He stated that Vietnam-RoK relationship is entering a new phase thanks to theMoon Jae-in administration’s New Southern Policy, in which Vietnam plays a corerole.
Moon’s visit to Vietnam last month helped deepen the ties across the fields,Dung added.
Informing the participants of Vietnam’s economy, the official noted thatimport-export revenue smashed the record benchmark of 400 billion USD in 2017while the registered FDI capital reached 319.6 billion USD. The FDI sector has createdmillions of jobs for local labourers and promoted growth model shifting in thecountry.
At the event, many RoK businesses expressed their interest in Vietnamesesecurities and insurance markets as well as the country’s new policy to developthe economy.
Earlier on April 17, Dung had a meeting with Deputy Prime Minister cum Ministerof Strategy and Finance Kim Dong-yeon, during which they agreed that Moon’svisit to Vietnam marked the two governments’ determination to deepen thestrategic cooperative partnership.
During his stay in Seoul, the minister visited the Vietnamese Embassy in theRoK on April 16. He lauded the embassy’s role in promoting the bilateral strategiccooperative partnership in all sectors, especially in economic collaborationand investment attraction.-VNA
Vietnam attaches special importance to developing its strategic cooperative partnership with the Republic of Korea (RoK), Deputy Prime Minister and Foreign Minister Pham Binh Minh has told out-going RoK Ambassador to Vietnam Lee Hyuk.
Prime Minister Nguyen Xuan Phuc has highlighted the sound development of the Vietnam-Republic of Korea (RoK) strategic cooperative partnership, with economic cooperation as a spotlight.
The economy of the Republic of Korea (RoK) is maintaining its current recovery pace on the back of brisk exports and increased private spending investment, according to a monthly report of the country’s Strategy and Finance Ministry on April 13.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
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A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Minister of Finance Dinh Tien Dung at the investment promotion conference in Seoul (Photo: VNA) 
