Prime Minister promises favorable conditions for Korean investors

The Vietnamese Government always supports and creates favourable conditions for domestic and foreign investors, including those from the Republic of Korea (RoK), to expand business operations in the country, said Prime Minister Nguyen Xuan Phuc.

At a meeting with Chang Dae-Whan, Chairman of the RoK-based Maekyung Media Group, in Hanoi on Tuesday, Phuc lauded the coordination between Maekyung and the Vietnam Chamber of Commerce and Industry (VCCI) to hold a Vietnam-RoK economic forum, marking the 25th founding anniversary of diplomatic relations between the two countries. The PM said Vietnam wants RoK groups to develop manufacturing hubs in electronics and auto components in Vietnam, adding that investors must ensure environmental standards. Chang Dae-Whan said Vietnam is emerging as a leading nation in ASEAN, adding that the RoK 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-RoK economic forum would be a success, thus attracting more Korean investment into Vietnam .

Source: VOV5