Speaking at the event, Deputy Minister of Planning and Investment Dao Quang Thu said the Vietnamese Government highly values experience sharing and economic assistance from partner countries, especially the RoK.
Vietnam hopes that more RoK businesses will invest in the country in the future, especially in the processing and manufacturing industries, infrastructure, energy and services, he said.
Highlighting the similarities shared by the two countries in economic development, as well as in cultural and spiritual life, RoK Ambassador to Vietnam Jun Dae-joo said that his country will always support Vietnam and plans to remain a key partner to the country.
The RoK has nearly 3,400 foreign direct investment (FDI) projects in Vietnam, with registered capital totalling US$25.7 billion, ranking fourth among all nations invested in the country.
It is also Vietnam’s second largest official development assistance (ODA) provider, committing preferential loans worth around US$1.2 billion to the country in the 2012-2015 period.
Bilateral trade between the two nations rose to US$20 billion in 2012 from US$500 million 20 years earlier.
Both sides started Foreign Trade Agreement (FTA) negotiations with the aim of developing their trade ties and balancing two-way import-export.
