NA pledges favourable conditions for RoK investors
The Vietnamese National Assembly has always paid attention to building suitable policies and laws, and ensuring a favourable investment environment for foreign businesses in general and those from the Republic of Korea (RoK) in particular, said NA Chairwoman Nguyen Thi Kim Ngan.
NA Chairwoman Nguyen Thi Kim Ngan (right) and Park Soo-kwan, Honorary Consul General of Vietnam in the RoK’s Busan-Kyeongnam region. (Source: VNA)
Hanoi (VNA) – The Vietnamese National Assemblyhas always paid attention to building suitable policies and laws, and ensuringa favourable investment environment for foreign businesses in general and thosefrom the Republic of Korea (RoK) in particular, said NA Chairwoman Nguyen ThiKim Ngan.
The top legislator told Park Soo-kwan, Honorary ConsulGeneral of Vietnam in the RoK’s Busan-Kyeongnam region, that Vietnam considersthe success of RoK enterprises part of its own success, during their meeting inHanoi on August 24.
Ngan expressed her delight at the fruitful relations betweenVietnam and the RoK, as reflected in the regular exchange of high-leveldelegations – the most recent of which was President Moon Jae-in and his spouse’svisit to Vietnam in March 2018.
Highlighting the contributions by RoK investors andresidents in Vietnam to local socio-economic development, she said the RoK hasmaintained its position as Vietnam’s leading economic partner and largestinvestor with more than 6,000 firms and a total capital amounting to 57.6billion USD in 2017.
The RoK is also Vietnam’s second largest trade partner,official development assistance (ODA) supplier, and labour and tourism market.Meanwhile, Vietnam remains the RoK’s leading partner, and has been identifiedas the central cooperative partner in the New Southern Policy of the country,the NA Chairwoman added.
Ngan said the Vietnamese NA highly appreciates Park’s constructivecontributions to the relationship between Vietnam and the RoK, as well as theirlegislative ties.
She also stressed his practical support for the 30,000Vietnamese in the Busan-Kyeongnam region, particularly Vietnamese-Koreanfamilies.
The legislator asked Park to carry forward his role asVietnam’s Honorary Consul General in the region to assist the VietnameseEmbassy in the RoK, and promote cooperation and exchange between the two countries,especially their people’s councils, local authorities, and businesses.
She urged the Honorary Consul General to introduceprestigious RoK firms to invest in Vietnam, contributing to reinforcingbilateral economic, trade, and investment ties and bringing pragmatic intereststo people of both sides.
For his part, Park said Vietnam and the RoK share a lot ofsimilarities, and stressed that Vietnam is an important partner of the RoK ineconomic development.
He noted that many RoK businesses are interested inVietnam’s investment environment, and pledged to make every effort to cultivatethe fruitful relationship between the two countries.
Vietnam has 19 foreign honorary consul generals and consulsin a number of countries, who were appointed by the Foreign Minister to helppromote relations between Vietnam and these countries, as well as deal withissues relating to citizen protection. –VNA
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NA Chairwoman Nguyen Thi Kim Ngan (right) and Park Soo-kwan, Honorary Consul General of Vietnam in the RoK’s Busan-Kyeongnam region. (Source: VNA) 
