The Vietnamese Government welcomes and creates favourable conditions for foreign businesses to make investments in Vietnam, including those from the Republic of Korea (RoK).
Prime Minister Nguyen Xuan Phuc (R) and Chairman of the Federation of Korean Industries Huh Chang-Soo. (Photo: VNA)
Hanoi (VNA) – The Vietnamese Government welcomes and creates favourable conditions for foreign businesses to make investments in Vietnam, including those from the Republic of Korea (RoK), Prime Minister Nguyen Xuan Phuc has affirmed.
Hosting reception in Hanoi on September 10 for Chairman of the Federation of Korean Industries Huh Chang-Soo, who led a RoK business delegation, PM Phuc lauded Korean investors for continuing their investment in large-scale projects in Vietnam, hoping that they will carry on pouring more capital into high-tech sectors, heavy industry, and infrastructure development.
PM Phuc voiced his hope that RoK companies will bring state-of-the-art technologies to Vietnam, work to protect the environment, create jobs for local people, and contribute to Vietnam-RoK relations.
He wished for stronger cooperation between enterprises of both nations and suggested the RoK side import more from Vietnam in order to balance trade.
Furthermore, the Government leader asked businesses to channel more efforts into realising the set target of 100 billion USD in bilateral trade by 2020.
Vietnam and the RoK are enjoying a fruitful strategic cooperative partnership, he said, adding that nearly 160,000 Vietnamese and RoK nationals are living in each nation, serving as a bridge to connect the two peoples and contribute to their future.
Huh Chang-Soo, for his part, highlighted Vietnam’s strong economic growth and sound relations between the two nations, saying that the two factors will open up various cooperative opportunities for Vietnamese and RoK enterprises.
He said that bilateral relations have not only been thriving in economy, but also in other sectors such as culture, tourism, cuisine, and sport.
Representatives of RoK corporations informed the Vietnamese leader of their activities in Vietnam and hoped to receive further support from the Vietnamese Government and relevant authorities. –VNA
Vietnam and the Republic of Korea (RoK) have secured successful outcomes in the textiles sector based on their establishment of a cooperative system that supplements one another with technology and human resources.
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The northern province of Vinh Phuc promoted its potential and called for investment at a conference held in Gyeonggi province of the Republic of Korea (RoK) on July 27.
Six firms from the Republic of Korea (RoK) held a ceremony to receive licences from the authorities and start the construction of their plants in the Dung Quat economic zone in the central province of Quang Ngai.
The Vietnamese National Assembly has always paid attention to building suitable policies and laws, and ensuring a favourable investment environment for foreign businesses in general and those from the Republic of Korea (RoK) in particular, said NA Chairwoman Nguyen Thi Kim Ngan.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
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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.
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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.
Prime Minister Nguyen Xuan Phuc (R) and Chairman of the Federation of Korean Industries Huh Chang-Soo.
