Business

Hanoi, Seoul seek to foster investment cooperation

2019-11-23 14:30:48
Chairman of the Hanoi People’s Committee Nguyen Duc Chung has called on companies of the Republic of Korea to increase their investment in Hanoi in the time to come.

During a meeting on November 20 with Mayor of Seoul Park Won-soon as part of his working visit to the RoK, Chung said Hanoi hopes RoK firms to pour more investments into support industry, satellite, smart and eco-urban areas, transport infrastructure,  and high-quality human resources development serving startups.

The two sides highlighted multi-faceted cooperation achievements between Vietnam and the RoK in general and between Hanoi and Seoul in particular, saying that the culture similarity is one of advantages for investment and economic cooperation between the two countries.

Mayor of Seoul Park Won-soon receives the Hanoi delegation

The RoK is the second largest foreign investor in Hanoi, and ranks third in the number of foreign tourists to the Vietnamese capital city.

As many as 70,000 Koreans are living, working and studying in Hanoi, forming a strong community in the capital city.

On the same day, Chung and his entourage visited the Seoul Transport Operation and Information Services Centre (Seoul TOPIS), during which they were introduced Seoul’s experience in applying IT in transport management, security and order.

The delegation had also a working session with representative of the Korea Federation of SMEs (KBIZ).

Chairman of KBIZ Kim Ki-mun highly value the efficiency of cooperation between RoK firms and Vietnamese partners in general and those from Hanoi in particular, saying that Korean companies want to seek investment opportunities in Hanoi.

Chung said the Hanoi authority has built numerous policies to facilitate foreign investors, including those from the RoK.

On the occasion, the two sides signed a memorandum of understanding (MoU) on cooperation, which is hoped to create a favourable foundation for Korean firms to boost investment in Hanoi in the future.

Source: VNA

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