President wishes RoK groups to invest more in Vietnam
President Nguyen Xuan Phuc has wished that the Republic of Korea (RoK)'s corporations would invest more in Vietnam and work closely with Vietnamese partners to make economic cooperation between the two countries on par with their diplomatic ties.
President Nguyen Xuan Phuc (R) receives Chairman of Hyosung Group Cho Huyn-joon (Photo: VNA)
Seoul (VNA) – President Nguyen Xuan Phuc haswished that the Republic of Korea (RoK)'s corporations would invest more in Vietnam and work closelywith Vietnamese partners to make economic cooperation between the two countries on par with their diplomatic ties.
During a reception in Seoulon December 6 for executives of leading RoK groups, President Phuc said asVietnam already signed new-generation free trade agreements, Korean enterpriseswill have a chance to access ASEAN, Asia-Pacific and other markets, in addition to the 100-million-strong Vietnamese market .
He suggested they invest inVietnam’s localities in fields of their strength, high technology and environmentprotection.
Chairman of Hyosung Group ChoHuyn-joon said his group has invested in all the three regions of ꦑthe country with atotal capital of 3.5 billion USD in apparel and industrial establishments, generating jobs to 10,000 workers. Hyosung wants to invest more in Vietnam in potential fields like environment and green gr🔯owth, he noted.
The Vietnamese leadersuggested Hyosung double investment in Vietnam, adding that Vietnam is keen onattracting investment in industry and environment to provide stable sources of inputmaterials for Korean factories.
Meeting Chairman and CEO ofthe Korea Development Bank (KDB) Kang Seog-hoo,Phuc spoke highly of KDB’s good will to engage in finance-banking activities inVietnam. He asked the lender to continue helping Korean firms successfully do businessin Vietnam, especially in green finance and sustainability with a focus ongreen bond market under the national strategy on green growth for 2021-2030.
The Vietnamese leader alsowelcomed KDB’s proposal to work with the Vietnamese Finance Ministry to build asustainable development plan for the Vietnam Development Bank.
Kang, for his part, said KDB hasbeen instrumental in the RoK's development in the fields of automobile, shipbuilding,chemicals and heavy industry. It wants to share experience with Vietnam andoffers capital to Korean firms to invest in fields of Vietnam’s priority suchas green development, environment and clean energy.
KDB is also exploring thepossibility of launching new financial products and services i🧸n Vietnam, he added./.
President of the Republic of Korea (RoK) Yoon Suk-yeol hosted an official welcome ceremony for his Vietnamese counterpart Nguyen Xuan Phuc on December 5 afternoon in the capital city.
Vietnam and the Republic of Korea (RoK) have agreed to upgrade their ties to a comprehensive strategic partnership, President Nguyen Xuan Phuc told the press following his talks with RoK President Yoon Suk-yeol in Seoul on December 5.
President Nguyen Xuan Phuc had a meeting with Prime Minister of the Republic of Korea Han Duck-soo in Seoul on December 5, as part of his state visit to the RoK.
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.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
President Nguyen Xuan Phuc (R) receives Chairman of Hyosung Group Cho Huyn-joon (Photo: VNA) 
