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S.Korea’s Panko aims to expand in Vietnam

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HCMC – South Korea’s Panko Group aims to expand its investment in various fields in Vietnam, apart from apparel, Choi Young-joo, former president of the Korea-Vietnam Friendship Association and chairman of Panko, told a meeting with State President Nguyen Xuan Phuc on August 25.

The leader of Panko also expected the Vietnamese Government to create more favorable conditions for the group and other South Korean firms to do business in the country.

Many South Korean companies see Vietnam as an attractive investment destination, said Choi.

At the meeting, State President Phuc highly valued the group’s investment in Vietnam, encouraging it to boost its production and business in the country and contribute to increasing the Vietnam-South Korea trade value to US$100 billion in the future.

The State President also expected the leader of Panko to introduce Vietnam’s business and investment climate to South Korean firms to strengthen bilateral trade between the two countries.

In addition, State President Phuc also prompted the group and South Korean firms to apply high technology, and clean and green solutions to their production operations.

Vietnam is offering multiple incentives and creating favorable conditions for foreign investors, the State President added.

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