City promotes investment connection with Korean firms

Wednesday, 2017-10-18 10:32:24
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Ho Chi Minh City leaders meet with representatives from the RoK’s Busan businesses. (Credit: NDO)
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NDO – Ho Chi Minh City is committed to improving its investment environment and creating favourable conditions for foreign businesses, including those from the Republic of Korea (RoK), so that they may make long-term investments in the city.

Chairman of the municipal People’s Committee Nguyen Thanh Phong made the promise at a meeting with Park Soo Kwan, Honorary Consul General of Vietnam in the RoK’s Busan region, alongside Busan business representatives, on October 17.

At the meeting, Phong emphasised that in the process of building and developing, the southern economic hub always pays great attention to development resources, including those from foreign investors.

He asked Park to continue promoting friendship and cooperation between the two localities and encouraging firms from Busan and the RoK to invest in the city, particularly in terms of infrastructure development, addressing environmental pollution, developing hi-tech agriculture, and promoting the support industry.

For his part, Park said that the RoK firms, including those in Busan, consider Vietnam and HCM City as a new promising market, adding that they want to help to make HCM City a development hub in the region.

Park also affirmed that Korean businesses, with their potential and experience in waste treatment, waste-to-energy development and urban infrastructure, want to take the opportunity to explore and promote investment in HCM City, thus contributing to promoting the cooperation between the RoK and Vietnam, in the interests and prosperity of each country.

The RoK is the fourth largest investor among 92 countries and territories investing in HCM City, leading the number of investment projects with 1,394 projects.