PM lauds RoK firms’ plan to expand operations in Vietnam

10:42 | 13/02/2017 Cooperation

Prime Minister Nguyen Xuan Phuc met with Yoon Jong-kyoo, President of the Republic of Korea (RoK)’s KB Kookmin Financial Group in Hanoi on February 11, affirming that Vietnam will continue maintaining macroeconomic stability and a favourable business environment for foreign investors, including the group.

pm lauds rok firms plan to expand operations in vietnam
Nguyen Xuan Phuc meets with Yoon Jong-kyoo, President of KB Kookmin Financial Group (Photo: VNA)

Yoon Jong-kyoo said that his firm is keen on further expanding business operations in Vietnam in consumer finance, banking, securities and insurance and especially social housing development.

He expressed hope to share experience with Vietnam inthe distribution and development of houses for low-income people – a key issue of concern for Vietnam, adding that his firm plans to coordinate with Vietnamese agencies in holding a conference on the subject.

The group will actively study investment opportunities as well as organise many social activities in Vietnam such as providing support for young people to develop start-upenterprises, thus contributing more effectively to the country’s socio-economic development.

PM Nguyen Xuan Phuc praised the group’s intention to expandfinancial activities in Vietnam as well as its willingyness to share its experience in social housing development.

He voiced support to the Korean group’s initiative to hold a conference seeking measures to boost social housing in Vietnam, while hailing its assistance for Vietnam’s startup movement as well as its involvement in the restructuring of commercial banks in Vietnam, including the acquisition of Vietnamese banks.