During a reception for Jung on June 22, the Vietnamese leader expressed his belief that the two countries' relations will continue to develop more intensively and substantively in various fields, especially trade and investment.

Deputy Prime Minister Pham Binh Minh and Chairman of Daewoo E&C Group Jung Won-ju.

Deputy PM Minh highly valued investment of RoK enterprises in Vietnam, including Daewoo E&C Group. He said that Starlake Tay Ho and Meyhomes Capital Phu Quoc projects invested by the firm have contributed to creating a spacious and modern urban landscape, and improving the value of the Vietnamese people's lives.

He expected Daewoo E&C Group to actively participate in urban transport infrastructure development projects, and share its experience in smart city operation and management with Vietnam.

The Deputy PM also suggested the firm join hands in organising activities to celebrate the 30th founding anniversary of diplomatic ties between Vietnam and the RoK (December 22, 1992 - 2022).

For his part, Jung thanked the Vietnamese Government for supporting the group's investment projects.

He briefed on the firm’s plans to expand business investment activities in Vietnam, including strengthening cooperation with Vietnamese enterprises to implement joint projects.

Established in 1973, Daewoo E&C Group specialises in construction, engineering, construction management and real estate business. The firm began its operation in Vietnam in 1992. In 2017, Daewoo E&C Vietnam Co., Ltd was officially established with a total investment of 1.3 billion USD, operating in the fields of investment, construction, and urban area business.

By the end of May 2022, the RoK was the largest investor in Vietnam with a total registered capital of 78.6 billion USD, over 9,200 valid projects, accounting for 18.4 percent of total capital and 26 percent of the total number of foreign direct investment (FDI) projects in the Southeast Asian country. Two-way trade hit 22.6 billion USD in the first quarter of 2022, up 26.7 percent year-on-year.

RoK provides Vietnam with 6.4 million USD to promote energy efficiency

The Government of the Republic of Korea (RoK) will provide 6.4 million USD in non-refundable aid to assist Vietnam in saving energy in the industrial sector and implementing its green growth plan.

U23 team to have two friendly matches with U20 RoK before SEA Games 31

Vietnam’s U23 team will have two friendly matches with the U20 team of the Republic of Korea (RoK) before the start of the 31st Southeast Asian Games (SEA Games 31), according to the Vietnam Football Federation (VFF).

RoK enterprises lead in number of investment projects in Bac Giang

(BGO) - In the past 5 years, Bac Giang has always been in the top 10 provinces and cities in the country in terms of foreign direct investment (FDI) attraction, showing that it is an attractive destination for many large businesses and corporations. Continuing to identify industry as the main driving force for development, Bac Giang promotes FDI attraction, including capital from the Republic of Korea (RoK).

RoK waives quarantine, extends labour contracts for Vietnamese workers

The Republic of Korea (RoK) has decided to continue waiving the mandatory seven-day quarantine and extend labour contracts for eligible Vietnamese workers.

RoK’s President-elect to talk with President Phuc on ways to promote bilateral ties

The Republic of Korea (RoK)’s President-elect Yoon Suk-yeol plans to discuss ways to deepen bilateral ties during his phone talk with Vietnamese President Nguyen Xuan Phuc scheduled on March 23, according to Yoon's spokesperson Kim Eun-hye.

Source: NDO/VNA