Business

Vietnam, RoK promote cooperation in trade, industry, energy

A Vietnam-RoK business seminar took place on December 22, on the occasion of Minister of Industry and Trade Nguyen Hong Dien’s working visit to the RoK.
Vietnam, RoK promote cooperation in trade, industry, energy ảnh 1RoK-invested Youngbag company (Photo: VNA)
Seoul (VNA) – A Vietnam-RoK business seminar took place on December 22, on the occasion of Minister ofIndustry and Trade Nguyen Hong Dien’s working visit to the RoK.

The event was held by the Vietnamese Ministry of Industry and Trade, in collaboration with the Republic of Korea (RoK)’s Ministry of Trade, Industry and Energy and the Korea Trade-Investment Promotion Agency (KOTRA), 

Speaking at the seminar, Dien said that since theestablishment of their diplomatic ties in 1992, Vietnam and the RoK have enjoyed thebest-ever development stage of their relations. The RoK is Vietnam’s thirdbiggest trade partner and largest investor with over 9.000 projects.

He affirmed that Korean groups and businesses have madeimportant contributions to boosting export growth and trade surplus of Vietnamin the past years.

He called on them to pour more capital to fully tap Vietnam’s 100-million-strong market and gradually access the ASEANmarket of 600 million as well as other markets which have signed free trade agreements (FTAs)with Vietnam.

Chang Sang Hyun from KOTRA said that Vietnam is one of theimportant destinations of Korean investors.

An increase of Korean investment in Vietnam amidst thecomplicated developments of the COVID-19 pandemic has shown their trust in thecountry’s business and investment environment, he stressed.

At the event, RoK enterprises proposed the VietnameseGovernment and Ministry of Industry and Trade help untie difficulties in entryand ground clearance, and create more favourable conditions for them, especiallyin the fields of energy, chemicals and textile and dyeing.

They expressed their confidence in Vietnam’s potential anddevelopment, hoping to expand their investment in the time to come.

Meanwhile, Vietnamese firms showed their hope to strengthencooperation with Korean partners in clean energy, recycling materials andchemicals, and get engaged in their production chains in the field of supportindustries.

Concluding the seminar, Minister Dien affirmed that the VietnameseGovernment and the Ministry of Industry and Trade have consistently supportedand created favourable conditions for domestic and foreign investors, includingthose from the RoK, to continue expanding their investment and businessactivities in Vietnam as well as supporting Vietnamese firms to deepen cooperationwith Korean partners./.
VNA
#Vietnam-RoK business seminar#Minister of Industry and Trade Nguyen Hong Dien#KOTRA#RoK#Vietnam#Vietnamplus#Vietnam News Agency
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