RoK helps Vietnam develop investment information system
The Government of the RoK will provide a non-refundable aid package worth 5.5 million USD to help Vietnam carry out a project on upgrading and developing the national investment information system for 2018-2021.
At the signing ceremony of the record of discussions. (Source: baodauthau.vn)
Hanoi (VNA) – The Government of the Republic of Korea(RoK) will provide a non-refundable aid package worth 5.5 million USD to help Vietnamcarry out a project on upgrading and developing the national investmentinformation system for 2018-2021.
A record of discussions to this effect was signedbetween Vietnam’s Ministry of Planning and Investment (MPI) and the KoreaInternational Cooperation Agency (KOICA) in Hanoi on May 3.
The 6.2 million USD project aims to improve the ministry’scapacity for collecting, managing and analysing national database oninvestment, while providing online public services for investors.
It is also seen as a tool assisting localities in grantinginvestment licences and managing projects.
MPI Deputy Minister Vu Dai Thang said the two sidescommitted to ensuring the progress of the project in order to contribute topromoting foreign direct investment (FDI) in Vietnam, and strengtheningcooperation between Vietnam and the RoK.
According to the MPI’s Foreign Investment Agency, Vietnamhas to date attracted 25,524 FDI projects valued at nearly 320 billion USD.
The RoK takes the lead among 126 countries and territoriesinvesting in Vietnam, with more than 6,800 project worth over 59 billion USD.
In the first four months of this year, the RoK invested andexpanded investments in about 420 projects with total capital of more than 2.3billion USD, the agency said.-VNA
The Republic of Korea (RoK) is currently the biggest foreign investor in Vietnam, and its increasing presence in Vietnam’s stock market is helping attract indirect Korean investment in the country, said Chairman of the State Securities Commission of Vietnam (SSCV) Tran Van Dung.
The Republic of Korea (RoK) investors’ participation in Vietnamese market shows their responsibility for promoting Vietnam-RoK relations, said Minister of Finance Dinh Tien Dung.
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At the signing ceremony of the record of discussions. (Source: baodauthau.vn) 
