The enforcement of the Vietnam-Republic of Korea (RoK) free tradeagreement (FTA) in the near future is likely to trigger a massive influxof RoK investments into the Southeast Asian country, Koreanentrepreneurs have said.
The executives from leading RoK groupsdoing business in Vietnam such as Doosan, CJ, Teakwang, Lotte, Posco,and Samsung had meetings with visiting Vietnamese Prime Minister NguyenTan Dung in Busan on December 11.
While Doosan is keen onexpanding power turbine factories, Posco and Teakwang are interested inbuilding major thermal power plants and steel refining facilities inVietnam. Samsung pledged to complete a smartphone manufacturing complexin Thai Nguyen province in mid-2015 and create jobs for some 100,000workers in the country.
Apart from the industrial sector, RoKentrepreneurs also proposed a number of projects relating to stem cellresearch, vocational training, high-quality agricultural production,construction, film production, and television and digital development.
They also expressed their willingness to take part in the equitisation of Vietnamese State-owned enterprises.
Atthe meetings, PM Nguyen Tan Dung welcomed the proposals, adding thatRoK companies have proved their capability through profitable projectsin Vietnam.
Once the bilateral FTA is signed and enforced, RoKbusinesses will gain more opportunities to expand their operation andreap success, he added, committing to supporting RoK projects with thebest possible conditions.
The leader also said he hopes duringtheir operation in Vietnam, RoK firms will pay attention to applyingadvanced and environmentally friendly technologies, developing supportindustries, exporting Vietnamese goods to the RoK, as well as givingintensive training and better working and living conditions to locallabourers.
On December 10, Vietnam and the RoK signed a minutes on the conclusion of negotiations of their FTA in Busan.
PrimeMinister Nguyen Tan Dung is in the RoK for a working visit and toattend the commemorative summit marking 25 years of the ASEAN-RoKdialogue partnership.-VNA
The executives from leading RoK groupsdoing business in Vietnam such as Doosan, CJ, Teakwang, Lotte, Posco,and Samsung had meetings with visiting Vietnamese Prime Minister NguyenTan Dung in Busan on December 11.
While Doosan is keen onexpanding power turbine factories, Posco and Teakwang are interested inbuilding major thermal power plants and steel refining facilities inVietnam. Samsung pledged to complete a smartphone manufacturing complexin Thai Nguyen province in mid-2015 and create jobs for some 100,000workers in the country.
Apart from the industrial sector, RoKentrepreneurs also proposed a number of projects relating to stem cellresearch, vocational training, high-quality agricultural production,construction, film production, and television and digital development.
They also expressed their willingness to take part in the equitisation of Vietnamese State-owned enterprises.
Atthe meetings, PM Nguyen Tan Dung welcomed the proposals, adding thatRoK companies have proved their capability through profitable projectsin Vietnam.
Once the bilateral FTA is signed and enforced, RoKbusinesses will gain more opportunities to expand their operation andreap success, he added, committing to supporting RoK projects with thebest possible conditions.
The leader also said he hopes duringtheir operation in Vietnam, RoK firms will pay attention to applyingadvanced and environmentally friendly technologies, developing supportindustries, exporting Vietnamese goods to the RoK, as well as givingintensive training and better working and living conditions to locallabourers.
On December 10, Vietnam and the RoK signed a minutes on the conclusion of negotiations of their FTA in Busan.
PrimeMinister Nguyen Tan Dung is in the RoK for a working visit and toattend the commemorative summit marking 25 years of the ASEAN-RoKdialogue partnership.-VNA
