Hanoi’s leader promises to facilitate Korean investment projects
Chairman of the Hanoi People’s Committee Nguyen Duc Chung said the capital city is ready to create favourable conditions for projects by businesses from the Republic of Korea (RoK).
Chairman of the Hanoi People’s Committee Nguyen Duc Chung (third from right) and newly-accredited Korean Ambassador to Vietnam Park Noh-wan (third from left) (Photo: hanoimoi.com.vn)
Hanoi (VNA) – Chairman of the Hanoi People’s Committee Nguyen DucChung said the capital city is ready to create favourable conditions forprojects by businesses from the Republic of Korea (RoK).
Chung made the statement while hosting a reception for newly-accredited KoreanAmbassador to Vietnam Park Noh-wan on November 14.
Park thanked Hanoi for its support for the construction of schools for Koreanchildren in the city, expressing his hope that the city will approve the designof another building within the Korean International School in Hanoi.
Chung said the city absolutely endorses anyrecommendations related to the Korean International School in Hanoi, whileasking agencies to work together to find the optimal measures to carry out theproject as soon as possible.
Besides discussing several Korean investment projects in Hanoi, including alarge-scale hotel complex and an R&D centre of Samsung, both sides agreedto support each other, as well as facilitate trade promotion activities betweenthe two nations and between Hanoi and Korean localities.
Regarding Hanoi-Seoul relations, Park said he valued the twinning ties, andwill do his best to enhance cooperation between the two cities.
Meanwhile, Chung expressed his hope that Park will have an effective workingtenure in Vietnam./.
As investors from the Republic of Korea (RoK) have financial strength, management experience and high technology, Vietnam wants them to actively take part in and become strategic partners in the equitisation and divestment of State capital from State-owned enterprises (SOEs).
Over the past 25 years, the economic ties between Vietnam and the Republic of Korea have flourished, but the trade imbalance between the two countries has reached an alarming level.
Deputy Prime Minister Vuong Dinh Hue and Deputy Prime Minister of the Republic of Korea (RoK) Hong Nam Ki co-chaired the first dialogue on economic cooperation at deputy prime minister level in Seoul on June 21.
The Export-Import Bank of Korea (Korea Eximbank) has said that it has agreed to open a 2 billion USD credit line to Vietnam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more Korean companies venture into the fast-growing economy.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
Chairman of the Hanoi People’s Committee Nguyen Duc Chung (third from right) and newly-accredited Korean Ambassador to Vietnam Park Noh-wan (third from left) (Photo: hanoimoi.com.vn) 
