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The meeting with the Ambassador Extraordinary and Plenipotentiary of Korea to Vietnam

Speaking at the meeting, Minister of Finance Ho Duc Phoc welcomed the Ambassador and officials of the South Korean Embassy in Vietnam for their visit to the Ministry of Finance.

The Minister said that last August, Mr. Choi Youngsam was appointed Ambassador Extraordinary and Plenipotentiary of South Korea to Vietnam. The Minister believes that the Ambassador's valuable experiences in many previous positions will contribute to the success of this term in Vietnam, promoting bilateral cooperation between Vietnam and South Korea and the cooperation between the Ministry of Finance of Vietnam and South Korean partners, especially in the context of economic recovery after the Covid-19 pandemic.

According to the Minister, the Ministry of Finance and the South Korean Embassy have resumed meeting and cooperation activities after the COVID-19 pandemic, hoping that this will continue to be a meaningful meeting to expand the relationship and continue to develop cooperative activities in the future.

The Minister said Vietnam and South Korea have experienced more than 30 years of diplomatic relations and the relationship between the two countries has developed increasingly deeply in many economic and cultural fields. At the same time, the two countries have also created favorable conditions to remove difficulties and obstacles in production and business activities to speed up the two parties’ economic development.

Speaking at the reception, Ambassador Choi Youngsam expressed his gratitude for the Minister's welcome and emphasized that Vietnam and South Korea are the biggest partners and will develop the cooperation more closely in the future. Many South Korean investors in Vietnam will contribute to the economic development of both countries.

To create favorable conditions for businesses to invest in production and business in Vietnam, Mr. Choi Youngsam also proposed maintaining a dialogue channel between the two sides to answer questions on policies on tax administrative management, and customs and consider this an important annual forum held by the Ministry of Finance, thereby deepening economic and financial cooperation, helping expand the comprehensive cooperative relationship between Vietnam and South Korea in the near future.

At the meeting, Minister Ho Duc Phoc and Ambassador Choi Youngsam and representatives of units under the Ministry of Finance discussed and shared many contents about the Double Tax Avoidance Agreement, the organization of the Directors General of Taxation and Customs; dialogue conferences on tax, customs policies with South Korean businesses; ODA loans, as well as global minimum tax.

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At the end of the meeting, Minister Ho Duc Phoc affirmed that the cooperative relationship between the Ministry of Finance and the South Korean Embassy has achieved very good results. The Ministry of Finance always appreciates and considers South Korea one of its leading partners.

The Ministry of Finance of Vietnam will continue to organize dialogues and create favorable conditions to remove difficulties and obstacles for foreign businesses, including South Korean businesses, so that they will have peace of mind to invest in production and business effectively, in the spirit of equal, healthy and fair competition.