Finance Minister Dinh Tien Dung made the remark in an interview given to Vietnam News Agency on the sidelines of an investment promotion conference in the RoK on April 18.

He said the Vietnamese Government recognizes the role of foreign investors, including those from the RoK.

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Finance Minister Dinh Tien Dung (L) in an interview on the sidelines of an investment promotion conference in the RoK on April 18

The RoK investors’ participation in the equitization and divestment will help improve the quality of economic restructuring in Vietnam. It is expected to promote the effectiveness of the governance and use of capital at SOEs in the country, he added.

The minister said the fields that Vietnam wants to attract RoK investment in should be the ones both sides are strong at and can contribute to the two economies’ prosperity like heavy industry, oil refining and petrochemistry, high technology, electronic and consumer product manufacturing, and infrastructure and real estate development.

Vietnam highly values RoK investors’ advantages in capital, technology and governance. It hopes that aside from direct investment, they will also step up indirect investment so as to materialize the statement of the two countries’ leaders during a visit to Vietnam by RoK President Moon Jae-in last March.

The RoK is currently the biggest investor in Vietnam with USD 59 billion of direct investment and over USD 3 billion of indirect investment. Samsung projects in Thai Nguyen province, Bac Ninh province and Ho Chi Minh City, Kaengnam and Lotte buildings, and the Starlake residential area in Hanoi are considered examples of successful investment cooperation between the two countries.

Source: VNA