During a reception in Seoul on December 6 for executives of leading RoK groups, President Phuc said as Vietnam already signed new-generation free trade agreements, Korean enterprises will have a chance to access ASEAN, Asia-Pacific and other markets, in addition to the 100-million-strong Vietnamese market .

President Nguyen Xuan Phuc (R) receives Chairman of Hyosung Group Cho Huyn-joon.

He suggested they invest in Vietnam’s localities in fields of their strength, high technology and environment protection.

Chairman of Hyosung Group Cho Huyn-joon said his group has invested in all the three regions of the country with a total capital of 3.5 billion USD in apparel and industrial establishments, generating jobs to 10,000 workers. Hyosung wants to invest more in Vietnam in potential fields like environment and green growth, he noted.

The Vietnamese leader suggested Hyosung double investment in Vietnam, adding that Vietnam is keen on attracting investment in industry and environment to provide stable sources of input materials for Korean factories.

Meeting Chairman and CEO of the Korea Development Bank (KDB) Kang Seog-hoo, Phuc spoke highly of KDB’s good will to engage in finance-banking activities in Vietnam. He asked the lender to continue helping Korean firms successfully do business in Vietnam, especially in green finance and sustainability with a focus on green bond market under the national strategy on green growth for 2021-2030.

The Vietnamese leader also welcomed KDB’s proposal to work with the Vietnamese Finance Ministry to build a sustainable development plan for the Vietnam Development Bank.

Kang, for his part, said KDB has been instrumental in the RoK's development in the fields of automobile, shipbuilding, chemicals and heavy industry. It wants to share experience with Vietnam and offers capital to Korean firms to invest in fields of Vietnam’s priority such as green development, environment and clean energy.

KDB is also exploring the possibility of launching new financial products and services in Vietnam, he added.

President Nguyen Xuan Phuc meets Vietnamese community in RoK

President Nguyen Xuan Phuc met with staff of the Vietnamese Embassy and representatives of the Vietnamese community in the Republic of Korea (RoK) in Seoul on December 4, part of his ongoing State visit to the Northeast Asian country.

Vietnamese firms to have more chances to increase exports to the RoK: official

Vietnamese businesses, especially those operating in technology and electronics, have many favourable conditions and big opportunities to export their products to the Republic of Korea (RoK), according to Pham Viet Tuan, First Secretary in charge of investment at the Vietnamese Embassy in the RoK.

Hanoi hosts Vietnam – RoK culture exchange

A Vietnam – Korea culture exchange programme was held in Hanoi on November 20 by the Foreign Ministry’s State Commission for Overseas Vietnamese (SCOV) in coordination with the Association for Liaison with Overseas Vietnamese and the Vietnamese Buddhist Cultural Centre in the Republic of Korea (RoK).

Vietnam keen on promoting personnel training cooperation with RoK

Prof. Dr. Nguyen Xuan Thang, Politburo member and Chairman of the Central Theory Council and General Director of the Ho Chi Minh National Academy of Politics (HCMA) had a meeting with the Republic of Korea (RoK)’s Ambassador to Vietnam Oh Young-ju in Hanoi on November 14.

Provincial leader meets with overseas Vietnamese entrepreneurs in RoK

(BGO)- Permanent Vice Chairman of the provincial People’s Committee Mai Son on November 4 had a meeting with the delegation of overseas Vietnamese entrepreneurs in the Republic of Korea (RoK) headed by Ta Dao Binh, President of Korean Global Trading Company and Chairman of Vietnamese Business Association in RoK.

Source: VNA