Permanent Deputy Prime Minister Pham Binh Minh (R) and Korean Deputy PM and Minister of Economy and Finance Choo Kyung-ho (Photo: VNA) Seoul (VNA) - Permanent Deputy Prime Minister Pham Binh Minh on December 6 encouraged Korean firmsto expand investment in Vietnam in digital technology, electronics, infrastructureand industrial zones.
During a working session with Korean Deputy PM and Ministerof Economy and Finance Choo Kyung-ho in Seoul, Minh askedthe Republic of Korea (RoK) to facilitate Vietnam’s agro-fisheries exports to the country, toward lifting two-way trade to 100 billion USDby 2023 and 150 billion USD by 2030 in a more balanced and sustainable manner.
At the ceremony to exchange cooperation agreements between businesses of the two countries (Photo: VNA) Choo, for his part, suggested both countries expandcoordination in new spheres such as digitalisation, climate change response andenvironment-friendly technology.
The RoK will provide more official development assistance forVietnam within the framework of the Economic Development Cooperation Fund(EDCF) signed during President Nguyen Xuan Phuc’s ongoing visit, he said.
He wished the Vietnamese Government will make it easier forKorean financial organisations to enter Vietnam, thus expanding Koreaninvestment in the country.
The two sides agreed to broaden areas receiving Vietnameseworkers and those of Vietnam’s demand, as well as to work with competent agenciesto facilitate travel, entry-exit and residence of citizens while propellingcultural and tourism cooperation, and people-to-people exchange.
At the Vietnam-RoK Business Forum held in the morning thesame day, President Phuc witnessed the signing of 15 memoranda of understandingon cooperation.
Phuchosted representatives of Korean enterprises operating in infrastructure,electronics, finance, transport and education that expressed their interest inVietnamese market. They vowed to continue investing in Vietnam in the nearfuture.
Statisticsfrom the Vietnamese Ministry of Planning and Investment showed that dealsreached during the visit are estimated at nearly 15 billion USD./.
