The Vietnamese Government is working to improve investment climate and create the best possible conditions for foreign businesses, including those from the Republic of Korea (RoK), to invest in the country.

Prime Minister Nguyen Xuan Phuc made the statement while receiving Global Business Advising Director of CJ Group Jung Young Soo in Hanoi on September 28.

He underlined the Vietnamese Government’s efforts to stabilize the macro economy, achieve a high economic growth and maintain a stable and peaceful political environment.

Prime Minister Nguyen Xuan Phuc (R) receiving Global Business Advising Director of CJ Group Jung Young Soo in Hanoi

He applauded CJ Group’s investment expansion in Vietnam and expressed his belief that the company will be successful as its investment fields suit Vietnam’s interest.

According to the PM, the cultural similarities between the two countries and the community of 130,000 Korean people in Vietnam constitute favorable conditions for CJ Group to boost investment in food processing.

He also asked the group to help Vietnam increase quality of products and popularize brands of Vietnamese farm produce and food in the global market.

Jung Young Soo said he was impressed by the Vietnamese Government’s resolve to build a constructive government of integrity. He said CJ will invest in food processing in Vietnam to improve local product quality.

The same day, Prime Minister Nguyen Xuan Phuc received Chairman of the GS Group Huh Myung Soo who vowed to make more contributions to Vietnam’s socio-economic development.

The Chairman said GS has engaged in many infrastructure projects in Vietnam and it will continue implementing investment commitments in the country.

He proposed the Vietnamese Government make it easier for the group to make effective investment for mutual benefits.

Source: VNA