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Wednesday, July 24, 2024

Vietnam PM meets with South Korean conglomerates

The Saigon Times

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HCMC – Prime Minister Pham Minh Chinh held a roundtable discussion with leaders of nearly 20 South Korean conglomerates in various sectors.

The discussion took place in Seoul this morning, July 1. Leaders from leading corporations, such as Hyundai Motor, GS Energy, KB Financial Group and Shinhan Bank, attended the event. These businesses highly appreciate Vietnam’s investment environment and stated they are currently cooperating and investing effectively in the country.

The South Korean conglomerates expressed their desire to continue investing in Vietnam across various sectors, including renewable energy, shipbuilding, data centers, public service digitalization, banking, and healthcare.

These businesses hope that Vietnam will continue to reform administrative procedures and implement policies to support the development of these industries.

PM Chinh assured that the Vietnamese Government is committed to creating favorable conditions for foreign investors, particularly those from South Korea, to do business in Vietnam.

He said South Korean investors had contributed greatly to Vietnam’s development over the years and urged them to expand their investments in Vietnam.

Vietnam is looking to boost its two-way trade with South Korea to US$100 billion by 2025 and US$150 billion by 2030, he noted.

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