At the session, Prime Minister Pham Minh Chinh said that the Vietnam - RoK relationship is in prime time after 30 years of establishment. The two sides have become each other’s leading important partner across many fields, he stated, noting that last year, two-way trade hit USD 76.1 billion. The RoK’s direct investment in Vietnam totaled USD 87 billion with about 10,000 projects.
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Prime Minister Pham Minh Chinh addresses the session. |
The Vietnamese Government leader briefed participants on Vietnam’s development orientations, external and defense policies, as well as policy in cultural development, social welfare, political system building, and anti-corruption. He underlined that amid a challenging and changing world situation, Vietnam has maintained stable macro-economic situation, reining in inflation and ensuring major balances, with Government and foreign debts under control and good economic growth.
He expressed his hope that the RoK businesses will continue to expand cooperation and investment activities in Vietnam to make full use of the Vietnam - RoK comprehensive strategic partnership, contributing to lifting trade between the two countries to USD 100 billion in 2025 and USD 150 billion in 2030.
Leaders of RoK firms such as Hyundai Motors, GS Energy, Doosan Enerbility, KB Financial Group, Hana Financial Group, Shinhan Bank, MB Bank, POSCO International, TKG Taekwang, and Seegene Medical Foundation spoke highly of the investment environment in Vietnam, saying that they have enjoyed effective cooperation, investment and business operations in Vietnam.
They showed their interest in continuing to invest in Vietnam in the fields of energy, especially renewable energy, LNG energy; aircraft engine manufacturing; shipbuilding; synchronous and interconnected data center building, public service digitalization; banking; and health care.
The business executives said they hope Vietnamese ministries, sectors and agencies continue to promote administrative reform, ensure stable and diverse power supply, and provide them with support and assistance in labor and land rent.
Prime Minister Pham Minh Chinh said along with traditional areas, the two sides should expand their collaboration to new areas such as the digital economy, green economy, circular economy, sharing economy, knowledge-based economy, and emerging industries such as artificial intelligence and areas related to the Fourth Industrial Revolution.
The Vietnamese leader asked the RoK firms to continue providing Vietnam with support in finance, infrastructure building, ideas for institution and policy perfection, high-quality human resources training, and smart governance.
He proposed that RoK investors continue to engage in social welfare activities and charity activities in Vietnam, and assist Vietnamese enterprises in joining RoK’s supply chains and global value chains.
The leader said he believes that with the motto of “three together” - listening, understanding together; sharing visions and actions together; and working, benefiting, winning and developing together; as well as the spirit of “harmonized interests, shared risks,” Vietnamese and RoK enterprises will make greater contribution to the relations between the two countries, serving the growth of both countries and bringing about a better life for the people.
He assigned Vietnamese ministries, sectors and localities to note down all opinions at the sessions, especially those in investment attraction, business environment improvement and competitiveness enhancement, for consideration.
Source: VNA