Vietnam, RoK boost cooperation in mechanics, electronics
Information on Vietnam’s advantages, preferential policies and orientations in the mechanical and electronic field was updated at a workshop in Seoul, the Republic of Korea (RoK), on June 8.
Seoul (VNA) – Information on Vietnam’s advantages,preferential policies and orientations in the mechanical and electronic fieldwas updated at a workshop in Seoul, the Republic of Korea (RoK), on June 8.
The event was jointly organised by the Vietnam TradePromotion Agency (VIETRADE) under the Ministry of Industry and Trade, the VietnameseEmbassy in the RoK, and the Korea Trade-Investment Promotion Agency (KOTRA),aiming to boost the two countries’ cooperation in this field.
KOTRA Vice President Sun Seok-gi expressed his belief thatparticipants at the workshop shared measures to handle difficulties facing thetwo sides’ enterprises in order to strengthen bilateral relations in trade andinvestment.
VIETRADE Director Bui Huy Son said that to bring into fullplay trade and investment cooperation potential, Vietnamese agencies havefocused on intensifying cooperation in strong and priority fields, especiallymechanics and electronics.
He told participants that in 2014, the Vietnamese PrimeMinister decided to choose mechanics and electronics a priority field in thenational industrial development strategy until 2025 with a vision to 2035.
Most recently, the PM continued issuing a programme todevelop the supporting industry until 2025, which includes the mechanical andelectronic field.
According to Tran Kim Oanh, Director of VIETRADE’s Industryand Trade Development and Investment Promotion Centre, since 2014, the RoK hasbeen Vietnam’s biggest investors in both project number and capital. Of thetotal capital, 70 percent has been poured into the processing and manufacturingindustry.
She highlighted Vietnam’s advantages, including stablesocio-economic situation, young population, major consumption market, andnumerous export opportunities.
RoK businesses when investing in Vietnam will benefit from these advantages,she said.-VNA
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Illustrative image (Source: VNA) 
