RoK businesses pledge more investment in Vietnam
(VOVWORLD) - Visiting President Nguyen Xuan Phuc met in Seoul on Tuesday with major Korean financial and banking businesses who praised Vietnam’s investment climate, competitive edge and effective macroeconomic policies.
 President Nguyen Xuan Phuc attends a roundtable discussion with major RoK businesses in Seoul, December 6, 2022. (Photo: VNA/Thong Nhat) |
They spoke highly of Vietnam’s ability to respond to contingencies and pledge to expand investment in the Southeast Asian country.
President Phuc said Vietnam views the Republic of Korea as a strategically important and long-term partner and wants to deepen the comprehensive strategic partnership between the two countries with economic, trade and investment cooperation serving as important momentum.
He called for Korean investment in Vietnam’s prioritized areas such as modern technology, innovation, R&D, and digital economy.
Mr. Phuc asked the Republic of Korea to create conditions for Vietnamese businesses to participate in the value chain.
Vietnam and the RoK eye bilateral trade of 100 billion USD by 2023 and 150 billion USD by 2030.
The RoK is Vietnam’s third largest trading partner and second largest ODA supplier. It leads investment in Vietnam with a registered capital of nearly 80 billion USD and more than 9,200 projects involved in industry, construction, agriculture, tourism, services, and export.