|
RoK businesses hope for long-term investment in Vietnam
Republic of Korea (RoK) businesses sees Vietnam as one of the most potential markets in Southeast Asia and want to make a long-term investment in the country, affirms the Seoul Business Association (SBA).
At a meeting between Vietnamese and RoK businesses in Hanoi on June 11, SBA Director Louis Park, who is leading a RoK business delegation on a five-day visit in Vietnam, said that the visit, which takes place in the context of the on-going global economic recession, reflects their interest in investment and cooperation opportunities with Vietnamese partners.
According to Park , Vietnam attracts RoK businesses for its abundant resources, good labour force and preferential policies for foreign investors besides cultural similarities with the RoK.
“We are ready to invest in all fields in Vietnam in order to help foster the country’s socio-economic development,” he said.
To further boost the bilateral investment cooperation, the RoK government has applied several supporting policies on import-export, finance and employment for the two countries’ businesses, he added.
During their stay in Vietnam from June 9-13, 16 RoK entrepreneurs will meet with local businesses to discuss business opportunities in such areas as coffee, auto parts, heavy industry equipment, tool machines, odontological equipment, health and beauty care products, cosmetics and teaching aids.
The RoK has always been one of Vietnam ’s leading economic partners over recent years. By the end of 2008, the RoK ranked fourth among 84 countries and territories investing in Vietnam with 2,058 projects capitalised at over 16 billion USD.
The country is now Vietnam ’s fourth largest trade partner with bilateral trade turnover reaching almost 10 billion USD in 2008.
vietnamplus
|
