Prime Minister Nguyen Xuan Phuc (R) and Kim Jung-tai, Chairman of Republic of Korea's Hana Financial Group Inc. (Source: VNA)Hanoi (VNA) – The Vietnamese Governmentwill create the most favourable conditions for firms from the Republic of Korea(RoK) to operate successfully in Vietnam, Prime Minister Nguyen Xuan Phuc saidon November 11.
At a reception for Kim Jung-tai, Chairman of HanaFinancial Group Inc. of the RoK in Hanoi, the leader welcomed the Korean firm’soperation in Vietnam and said he is delighted that the RoK attaches greatimportance to Vietnam's role in its New SouthernPolicy.
The Vietnam-RoK cooperation has recorded strong developments in recent times,and collaboration between Hana Group and the Bank for Investment andDevelopment of Vietnam (BIDV) is a vivid manifestation of this bond, he stressed.
According to PM Phuc, there are more than 6,000 Korean enterprises operating inVietnam, and about 160,000 Korean nationals living and working in Vietnam.Meanwhile, more than 180,000 Vietnamese people are living and studying in theRoK.
Financial cooperation between the two countries in general, and between HanaGroup and the BIDV in particular will bring practical benefits, commensuratewith the bilateral economic and trade relations.
RoK firms are strongly expanding their investment in Vietnam, offering a greatchance for Hana and the BIDV to further promote their cooperation, he noted,adding that the two sides need to set a goal to push their two-way trade in thecoming time.
Kim, for his part, said Hana Group has officially become a strategic shareholderof the BIDV.
He added the group is grateful to the Government, the PrimeMinister, ministries and sectors of Vietnam for their support to thecooperation, and that this is a good opportunity for the group and itssubsidiaries to promote cooperation and expand business in Vietnam./.
VNA
