PM holds dialogue with RoK enterprises

Prime Minister Pham Minh Chinh chaired a dialogue with the Republic of Korea (RoK)’s Ambassador Park Noh-wan and representatives of Korean associations and businesses in Vietnam in Hanoi on July 30.

PM holds dialogue with RoK enterprises hinh anh 1

Prime Minister Pham Minh Chinh (standing) at the dialogue with Korean associations and businesses on July 30 (Photo: VNA)

Prime Minister Pham Minh Chinh chaired a dialogue with the Republic of Korea (RoK)’s Ambassador Park Noh-wan and representatives of Korean associations and businesses in Vietnam in Hanoi on July 30.

The RoK, the largest FDI partner in Vietnam at present, is investing in 9,383 projects worth over 79.8 billion USD in 19 of the 21 economic sectors and 59 of the 63 localities nationwide.

Highlighting the two countries’ flourishing relations in various spheres, PM Chinh said Vietnam and the RoK have become leading partners of each other, and economic cooperation is always an important pillar of bilateral ties.

A number of Korean enterprises have been operating fruitfully and considerably contributing to socio-economic development in Vietnam, he noted.

He also took this occasion to thank the RoK Government and people for supporting Vietnam’s efforts in socio-economic development, including the COVID-19 combat.

PM holds dialogue with RoK enterprises hinh anh 2

PM Pham Minh Chinh speaks at the dialogue in Hanoi on July 30 (Photo: VNA)

Over the past 35 years of reforms, the Party and State of Vietnam have issues many policies and laws to attract foreign investment and create an optimal business climate that has gradually matched international practices. The foreign invested sector has been growing fast and effectively, becoming a crucial part of the economy and greatly helping with local development, according to the Government leader.

In September 2021, the PM held a dialogue with Korean businesses to learn about difficulties and obstacles facing them and also listen to their initiatives and proposals for institutional, policy and administrative procedure reforms in order to facilitate production and business activities.

So far, 25 of the 29 recommendations and proposals raised at that event have been handled, especially those related to COVID-19 prevention and control and business facilitation. Authorities of Vietnam are working to deal with the four remainders.

The PM asked representatives of Korean associations and enterprises to point out problems they have encountered and suggest ideas for further improving their investment, production and business activities in Vietnam, thus contributing to the development of bilateral relations.

PM Chinh also required Vietnamese ministries, sectors, agencies and localities to work out appropriate solutions.

PM holds dialogue with RoK enterprises hinh anh 3

Representatives of Korean associations and businesses at the event (Photo: VNA)

Ambassador Park noted the dialogue last September has given more strength to companies which were struggling with the pandemic’s impacts then, and they have received practical assistance.

He cited some economists as predicting that Vietnam can easily attain a growth rate of at least 6% this year, sustain macro-economic and exchange rate stability, and boost export - import growth even amid global economic uncertainties and disrupted global supply chains.

The diplomat attributed those achievements to the country’s stability and the Government’s effective governance, which is highly valued by the RoK Government and businesses.

Together with economic recovery, Vietnam’s trade and investment links with the RoK are also thriving, and if such recovery and growth trend is maintained, bilateral trade can reach 100 billion USD this year, ahead of the target of 2023, he added./.
Source: VNS
en.vietnamplus.vn

Related News

Enterprises expect to "take off" in 2024

Enterprises expect to "take off" in 2024

VCN - After a period of sluggish business, even continuous decline, many companies have seen optimistic signals in 2024 and have outlined bold plans to quickly return to a growth trajectory.
Hai Phong Customs: Three key contents in Customs-Business partnership

Hai Phong Customs: Three key contents in Customs-Business partnership

VCN - Hai Phong Customs Department has just issued a Plan for Customs-Business partnership and stakeholder development.
Enterprises kick off exports in the new year

Enterprises kick off exports in the new year

VCN - Since the 10th day of the lunar calendar, many enterprises have officially resumed operations after the Tet holiday and commenced exporting goods.

Latest News

PM attends Vietnam - Australia Business Forum in Melbourne

PM attends Vietnam - Australia Business Forum in Melbourne

Prime Minister Pham Minh Chinh attended the Vietnam - Australia Business Forum in Melbourne on March 5 morning (local time) as part of his ongoing trip to Australia to attend the ASEAN - Australia Special Summit and pay an official visit to Australia.
FDI sector remains export pillar of Vietnam’s economy

FDI sector remains export pillar of Vietnam’s economy

The foreign direct investment (FDI) sector maintained its role as an export pillar of Vietnam’s economy with revenue of 43.2 billion USD in the first two months of this year, up 14.7%, and accounting for 72.8% of the country’s total export value.
Growth engines rev up, fuelling recovery hopes

Growth engines rev up, fuelling recovery hopes

With noteworthy signs of recovery in the first two months of this year, the national economy is expected to bounce back quickly this year.
Vietnam’s FDI inflow surges 38.6% in two months

Vietnam’s FDI inflow surges 38.6% in two months

Total newly-registered foreign investment capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors totalled 4.29 billion USD as of February 20, up by 38.6% compared to the same period in 2023. The disbursement of FDI capital is projected at some 2.8 billion USD, reflecting a 9.8% increase against the same period last year.

More News

PM Pham Minh Chinh’s Australia trip “incredibly important”: Ambassador

PM Pham Minh Chinh’s Australia trip “incredibly important”: Ambassador

Australian Ambassador to Vietnam Andrew Goledzinowski has emphasised the significance of the upcoming trip to Australia by Prime Minister Pham Minh Chinh in an interview granted to the Vietnam News Agency (VNA).
SOEs asked to play more active role in implementation of strategic breakthroughs

SOEs asked to play more active role in implementation of strategic breakthroughs

Prime Minister Pham Minh Chinh on March 3 called on state-owned enterprises (SOEs) to engage more intensively in the implementation of strategic breakthroughs regarding institutional perfection, personnel training and infrastructure development.
Positive socio-economic results recorded so far: Government meeting

Positive socio-economic results recorded so far: Government meeting

Vietnam saw a continuous recovery trend and positive socio-economic results across all fields in February and the first two months of this year, heard the Government regular meeting held in Hanoi on March 2 under the chair of Prime Minister Pham Minh Chinh.
Vietnam to join conference on global agricultural supply chain connection

Vietnam to join conference on global agricultural supply chain connection

Vietnamese businesses operating in agriculture will attend the Agricultural Supply Chain Asia conference (ASCA) co-hosted by the US Grains Council, the US Wheat Associates, and the US Soybean Export Council from March 18 – 20, according to the Vietnam Business Council for Sustainable Development (VBCSD) under the Vietnam Chamber of Commerce and Industry (VCCI).
Vietnam - most investor friendly country in ASEAN: US paper

Vietnam - most investor friendly country in ASEAN: US paper

Vietnam is the most investment worthy place in ASEAN, based on valid and practical grounds where improved economic diversification, international integration, reformed investment legislation and good economic policy must be counted, according to an article recently published on the US’s mondaq.com.
Việt Nam has advantages in exports to Europe, America

Việt Nam has advantages in exports to Europe, America

Demand in the global market, including Europe and America, is gradually recovering because inflation had begun to subside since the end of 2023.
Việt Nam moves up significantly in economic freedom ranking while global average falls

Việt Nam moves up significantly in economic freedom ranking while global average falls

Việt Nam has the opportunity to become one of Asia’s leading economic nations if the country continues on the path of market economy reforms.
The Prime Minister instructed state-owned enterprises to exceed assigned business targets

The Prime Minister instructed state-owned enterprises to exceed assigned business targets

VCN - Prime Minister Pham Minh Chinh has just signed Directive 07/CT-TTg on innovating governance, improving production and business efficiency and strongly promoting investment and development of corporations and state-owned enterprises (SOEs).
Vietnam, Japan cooperate in IP protection, counterfeit goods prevention

Vietnam, Japan cooperate in IP protection, counterfeit goods prevention

Vietnamese officials at a workshop in Hanoi on February 28 called on Japan to continue its support to Vietnam in protecting and enforcing intellectual property (IP) rights, making IP a driving force for economic development.
Read More

Your care

Latest Most read
PM attends Vietnam - Australia Business Forum in Melbourne

PM attends Vietnam - Australia Business Forum in Melbourne

Prime Minister Pham Minh Chinh attended the Vietnam - Australia Business Forum in Melbourne on March 5 morning (local time) as part of his ongoing trip to Australia to attend the ASEAN - Australia Special Summit and pay an official visit to Australia.
FDI sector remains export pillar of Vietnam’s economy

FDI sector remains export pillar of Vietnam’s economy

The foreign direct investment (FDI) sector maintained its role as an export pillar of Vietnam’s economy with revenue of 43.2 billion USD in the first two months of this year, up 14.7%, and accounting for 72.8% of the country’s total export value.
Growth engines rev up, fuelling recovery hopes

Growth engines rev up, fuelling recovery hopes

With noteworthy signs of recovery in the first two months of this year, the national economy is expected to bounce back quickly this year.
Vietnam’s FDI inflow surges 38.6% in two months

Vietnam’s FDI inflow surges 38.6% in two months

Total newly-registered foreign investment capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors totalled 4.29 billion USD as of February 20, up by 38.6% compared to the same period in 2023. The disbursement of FDI capital is projected at some 2.8 billion USD, reflecting a 9.8% increase against the same period last year.
PM Pham Minh Chinh’s Australia trip “incredibly important”: Ambassador

PM Pham Minh Chinh’s Australia trip “incredibly important”: Ambassador

Australian Ambassador to Vietnam Andrew Goledzinowski has emphasised the significance of the upcoming trip to Australia by Prime Minister Pham Minh Chinh in an interview granted to the Vietnam News Agency (VNA).
Mobile Version