He made the affirmation while hosting a reception for heads of leading Korean corporations as part of his ongoing visit to the East Asian country.

Meeting with Chairman of Hyosung Group Cho Hyun-joo, Deputy PM Hue said that the group is one of the largest Korean investors in Vietnam as it has registered some 3 billion USD in production projects in Dong Nai and Quang Nam provinces.

Deputy PM Vuong Dinh Hue (R) and Chairman of Hyosung Group Cho Hyun-joo.

He spoke highly of the group’s presence in the Vietnamese market, and hoped that it will land long-term investments and expand project scale in the Southeast Asian country.

Responding to Cho’s queries on the approval for the expansion of Tam Thang industrial park in Quang Nam province, and Nhon Trach industrial park in Dong Nai province, as well as recommendation on the construction of a ring road in Tan Van-Nhon Trach section, Hue said that the Government will entrust the Ministry of Planning and Investment and the Ministry of Finance as well as competent agencies to handle the issues.

In a separate reception for Lotte Group chairman Shin Dong-bin, Deputy PM Hue said that the Government would back the group to settle challenges such as those in the projects of EcoSmartCity Thu Thiem and Hanoi Lotte Mall.

He took the occasion to thank Lotte for supporting the Vietnamese farm produce programme, nudging the country’s tropical agricultural products closer to foreign consumers.

Hue also had meetings with CEO of Hanhwa Energy Ryu Du-hyung, CEO of GS Engineering & Construction Corporation Woo Mu-hion, and leaders of Korean property ventures.

The same day, he witnessed the signing of strategic cooperation deal between An Phat Holdings JSC and TLC Korea, and visited representatives of the Vietnamese people community and staff of the Vietnamese Embassy in the RoK.

Currently, the RoK is the largest investor, and second largest ODA provider for Vietnam.

Under an MoU signed between both sides in 2018, they will work together to increase trade revenue to 100 billion USD by 2020.

Bac Giang: 86 investment projects licensed and adjusted in first 6 months

(BGO) – As of June 17, 2019, Bac Giang province licensed and adjusted 86 investment projects, accounting for 72 percent with total capital of 542 milion USD, up 73.8 percent comparing to the same period last year.

Philippine company eyes investment in Vietnam’s tea industry

JG Summit Holdings, Inc., one of the biggest Filipino investors in Vietnam, hopes to invest in sustainably developing tea business in the country, particularly via the participation in public-private-partnership projects.

Creating favorable, open investment environment

(BGO) - The number of investment projects in Bac Giang city (Bac Giang province) has increased sharply, with many large projects already put into operation, contributing to promoting local socio-economic development. That is the result of the city’s efforts to improve the investment environment.

Korean start-ups seek investment opportunities in Vietnam

An event was held in Ho Chi Minh City on June 3 to help start-ups from the Republic of Korea (RoK) to seek investment opportunities in Vietnam.

Continue infrastructure investment, improving people’s living standards in disadvantaged areas

(BGO)- On 29 May, Vice Chairman of the provincial People’s Committee Le Anh Duong and the leader of the provincial Committee for Ethnic Affairs checked on the constructions invested under the Resolution No 12/2018/NQ-HDND by the provincial People’s Council on supporting policies for the most disadvantaged villages of the province in 2 communes of Giao Liem and Phuc Thang, Son Dong district.

Source: VNA