South Korean companies see Vietnam as a promising market for their investments and plan to maintain their position as the country’s biggest foreign investor, Director of the ASEAN-South Korea Center for Planning and Development, Jae Hyun Cho said.
Jae Hyun Cho made the statement at a seminar on trade and investment between Vietnam-South Korea in Hanoi on September 8.
He is leading a delegation of 23 South Korea enterprises that operate in agricultural machinery, forestry, seafood and foodstuffs, on a fact-finding tour of Vietnam from Sept 7-10 to seek out business and investment opportunities.
The South Korean firms have made their presence in property, infrastructure, shipbuilding, electricity and electronics in Vietnam, Vietnamese Deputy Trade and Industry Minister Le Duong Quang, said.
At the workshop, the Director of the Foreign Investment Agency under the Planning and Investment Ministry, Do Nhat Hoang, pledged to continue supporting the South Korea investors, to boost trade and investment between the two countries.
Hoang also called on these businesses to continue investing in Vietnam, especially in agriculture, agricultural machinery and forestry, in order to retain its position as one of Vietnam’s leading investors.
During the visit to Vietnam, these firms also will attend an investment promotion seminar in the Vietnamese southern economic hub of Ho Chi Minh City on September 10 to seek investment opportunities.
Bilateral trade between Vietnam and the South Korea reached US$9 billion in 2009 amid the global economic crisis and the figure is expected to climb to US$20 billion in 2015.
The South Korean enterprises have invested over US$23 billion in nearly 2,600 projects in the Southeast Asian country. (VietnamPlus)
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