The Republic of Korea (RoK)’s Newsis news agency held the first Vietnam Economic Forum in Seoul on October 29 to popularise business opportunities.

At the event (Photo: VNA) 

The event drew over 400 Korean delegates, including leaders of government agencies, parliament, leading groups and financial institutions.

Speaking at the event, Deputy Minister of Planning and Investment Vu Dai Thang said the RoK is now the largest investor, the second largest tourism and bilateral development cooperation partner, and the third largest trade partner of Vietnam.

With over 66 billion USD worth of total registered capital, Korean firms are playing an active role in key economic sectors in Vietnam such as apparel, electronics, infrastructure, energy, automobiles, aerospace, finance-banking, and logistics, the official said.

He noted that the Vietnamese Government will prioritise projects using advanced and clean technology, giving high added values and linking with the global supply chain.

On the occasion, Thang chaired a dialogue with representatives from more than 20 Korean enterprises interested in doing business in Vietnam and responded to their suggestions in the fields of energy, transportation, infrastructure and processing industry.

While in the RoK from October 28 – 29, Thang held a working session with Chairman of the Korea Federation of Small and Medium Enterprises (KBIZ) Kim Ki-mun.

Both sides discussed orientations to foreign investment attraction and agreed to build a cooperation mechanism between the Ministry of Planning and Investment and the KBIZ.

The Vietnamese official also held working sessions with Chairman of the Korea Agricultural Machinery Industry Cooperative Kim Sil-gil and leaders of Hanwha and LG groups to talk opportunities in energy, agricultural machinery, aerospace, among others.