RoK diplomat proposes increasing investment in Vietnam

RoK businesses are keen to invest in electronic product manufacturing in Vietnam. (Illustrative image).

“HCM City is an ideal place for foreign investment attraction and we should woo RoK businesses into the city in particular and Vietnam in general,” Kang told Phong.

He said both the RoK and Vietnam should frequently hold dialogue to iron out snag faced by businesses. He also thanked the HCM City administration for supporting the organization of a meeting between businesses of the RoK and HCM City slated for March 25.

“I hope we will hold such dialogue every two years to review the results we have gained,” said the RoK diplomat.

He took the occasion to appreciate Vietnam’s successful containment of the COVID-19 outbreak, thus facilitating Korean citizens’ stay, study and work in the country.

Kang also noted that the RoK is keen to train human resources for Vietnam, especially in the field of natural sciences.

For his part, HCM City Mayor Phong welcomed Kang’s proposal, saying both countries hold potential for strengthening future cooperation.

“The RoK ranks third among 110 countries and territories investing in Ho Chi Minh City. It has advantages in capital and science and technology when joining the global value chain, while Vietnam has a qualified workforce. Therefore, the potential for cooperation between the two sides is very great,” said Phong.

The host introduced HCM City’s goal of making the metropolis become an economic and financial hub in Southeast Asia, and hoped to receive RoK investment in wastewater treatment, flood control, and infrastructure construction in Thu Duc city.