PM promises optimal conditions to Korean investors

09:00 | 06/12/2017 Cooperation

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

PM Nguyen Xuan Phuc and Chairman of Maekyung Media Group Chang Dae-Whan

PM Phuc made the statement while receiving Chang Dae-Whan, Chairman of the ROK-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-ROK economic forum, marking the 25th founding anniversary of the diplomatic relations between the two countries.

The PM said Vietnam wants Korean groups to develop manufacturing hubs in various fields such as electronics and auto components in the country, adding that investors must ensure environmental standards.

As a major communications group in the ROK, Maekyung needs to disseminate more information in order to encourage Korean enterprises to invest in Vietnam, thus contributing to the bilateral friendship and cooperation, he advised.

Chang Dae-Whan said that Vietnam is emerging as a leading nation in ASEAN, adding that the Korean government expects that the Vietnamese government will provide further support for Korean enterprises, particularly for those who are carrying out major industrial projects.

He expressed his belief that the Vietnam-Korea economic forum would be a success, thus attracting more Korean investment into the country.