The Hanoitimes - The Vietnamese Government always supports and creates favourable conditions for domestic and foreign investors, including those from the South Korea, to expand business operations in the country, said Prime Minister Nguyen Xuan Phuc.
PM Phuc made the statement while receiving Chang Dae-Whan, Chairman of the South Korea-based Maekyung Media Group, in Hanoi on December 5.
He lauded the coordination between Maekyung and the Vietnam Chamber of Commerce and Industry (VCCI) to hold a Vietnam-South Korea economic forum, marking the 25th founding anniversary of diplomatic relations between the two countries.
The PM said Vietnam wants South Korea groups to develop manufacturing hubs in different fields such as electronics and auto components in the country, adding that investors must ensure environmental standards.
As a major communications group in the South Korea, Maekyung needs to disseminate more information so as to encourage Korean enterprises to invest in Vietnam, thus contributing to the bilateral friendship and cooperation, he said.
Chang Dae-Whan said Vietnam is emerging as a leading nation in ASEAN, adding that the South Korea government expects that the Vietnamese government will provide more support for Korean enterprises, particularly for those who are carrying out major industrial projects.
He expressed his belief that the Vietnam-South Korea economic forum would be a success, thus attracting more Korean investments into the country.
Talking about advantages of South Korea energy firms, Director of BA Energy Company Choi Jiwon said RoK businesses have not only paid attention to producing energy but also seeking solutions to maximise energy saving.
Developing technologies, materials and equipment using natural and renewable power for sustainable development is a priority of South Korea firms in their cooperation plans with Vietnamese counterparts, he noted.
Vietnam is looking for solutions for energy efficiency and environmentally-friendly energy, which are advantages of South Korea companies, to ensure sufficient supply and environmental protection.
Vietnam and South Korea have jointly launched cooperation programmes in thermoelectricity, renewable energy, nuclear energy and energy saving in recent years.
Strengthening partnership between Vietnamese and South Korea enterprises will contribute to lifting up value and sustainability of their trade and economic ties.
Tuan Minh - Nhu Huong