RoK businesses increase investment in Vietnam

The statement was made by Deputy Minister of Planning and Investment Dang Huy Dong at a seminar, jointly held by his ministry, the RoK Chamber of Commerce and Industry, the RoK Business Association and the RoK Embassy, in Hanoi on September 29.

The seminar focused on policies and opportunities for infrastructure development investment within the public-private partnership (PPP) framework and policies to encourage foreign investment in industrial zones.

Deputy Minister Dong said the Vietnamese government applauds the RoK foreign direct investment (FDI) flow in Vietnam, which, he said, has greatly contributed to the country’s socio-economic development.

By the end of August this year, the RoK ranked 88th among Vietnam’s FDI providers with 2,605 projects registered at US$23 billion, according to the Ministry of Planning and Investment.

The two governments have agreed to lift bilateral relations to a level of strategic partnership.