The Vietnamese minister made the statement while chairing an investment promotion conference in Seoul, Republic of Korea (ROK) on April 18.
The event drew the participation of more than 400 local investors and representatives from the Financial Services Commission (FSC), the Korean Chamber of Commerce and Industry (KCCI), the Korea Financial Investment Association (KOFIA), and the Korea Exchange (KRX).
Minister Dung spoke highly of the ROK investors’ attendance, which, he said, reflects their responsibilities and enthusiasm in the goal of jointly developing Vietnam-ROK relations.
He stressed that Vietnam is an open economy, with the country’s total import-export revenues reaching US$400 billion in 2017, and the total registered foreign direct investment (FDI) capital standing at US$319.6 billion.
Vietnam will proactively and persistently accelerate international integration with a focus on economic integration, Dung said, stating that the Vietnam-ROK relationship is entering a new stage of development, stemming from the “Look South” policy of President Moon Jae-in’s administration, with Vietnam holding a key position.
At the conference, many ROK companies focused on exploring Vietnam’s financial market, including the stock and insurance markets, as well as the new conditions created by the Vietnamese Government in the aim of boosting economic development. The event featured many discussion sessions, which helped to provide ROK investors with a better understanding of the situation in Vietnam, and to strengthen their confidence in the development potential of the market.
Earlier on April 17, the Vietnamese minister held a working session with ROK Deputy PM and Minister of Strategy and Finance, Kim Dong-yeon. The two sides agreed that the recent visit to Vietnam made by ROK President Moon Jae-in has marked the determination of the two countries’ leaders in further deepening the Vietnam-ROK strategic cooperative partnership.
Accordingly, the senior leaders of both countries agreed to encourage bilateral investment cooperation, especially in the fields of supporting industries, electronics, energy, high technology, modern agricultural development, infrastructure, smart city, industrial zones, and entrepreneurship & innovation, towards sustainable future growth.
During his visit to the Vietnamese Embassy in the ROK on April 16, Finance Minister Dinh Tien Dung spoke highly of the embassy’s role in facilitating the strategic cooperative partnership between Vietnam and the ROK across various spheres, especially in economic cooperation and investment attraction.
