Vietnamese, South Korean Cos Sign US$2.42B Deals
Vietnamese and South Korean companies have just signed deals worth US$2.42 billion to build steel, power, construction projects during Prime Minister Nguyen Tan Dung’s visit to the foreign country.
The deals include construction of a US$620 million steel mill signed by Vietnam Steel Corp and Posco, the US$1.2 billion coal-fired plant of Thai Binh between PetroVietnam Construction Joint Stock Corp and Hyundai, and establishment of a US$600 million joint venture between Daegun and Ngoc Phu Trade And Construction Co., Ltd.
During the stay in South Korea, PM Dung held talks with President Lee Myung-bac and other leaders to seek measures to expand bilateral trade and investment as part of bilateral efforts to boost strategic ties.
Mr Dung favored non-proliferation of nuclear weapons on the Korean peninsular.
Mr Dung also met with CEOs of leading companies in South Korea, emphasizing South Korea is among biggest investors in Vietnam with 2,150 projects capitalized at US$19 billion, however, which are far from reaching potentials.
Vietnam and South Korea have also signed a number of other cooperation agreements including a protocol on sentenced inmates, amended agreement on grants, a food safety agreement, a deal on labor and an agreement on IT and communication. (chinhphu.vn, CPV)
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