Transport infrastructure attracts Korean businesses
Transport infrastructure is an attractive investment field in Vietnam while the acceleration of equitising State-owned enterprises in the country will create brilliant opportunities for businesses from the Republic of Korea (RoK).
Seoul (VNA) – Transportinfrastructure is an attractive investment field in Vietnam while theacceleration of equitising State-owned enterprises in the country will createbrilliant opportunities for businesses from the Republic of Korea (RoK).
Vice President of the Korea Financial InvestmentAssociation (KOFIA) Chang Soo Han made the evaluation at a workshop held inSeoul on December 15.
He said the Vietnam-RoK free trade agreement,which came into effect at the end of 2015, has contributed to expanding thebilateral economic cooperation.
Despite global economic crisis, Vietnam hasmaintained its average annual economic growth of 5-6 percent, he said, addingthat the signing of the Trans-Pacific Partnership (TPP) agreement and theengagement in the ASEAN Economic Community (AEC) have made Vietnam become a bigpotential investment destination.
Additionally, the Vietnamese Government isenacting a number of measures to attract foreign financial investment such asremoving the foreign ownership limits in the stock market and expanding theequitisation of State-run businesses, which have helped improve the localinvestment environment, he noted.
According to Vietnamese Ambassador to the RoKPham Huu Chi, after 30 years of rennovation, Vietnam has developed into amiddle-income country.
In the 2011-2015 period, Vietnam recorded anannual average gross domestic product (GDP) growth of about 6 percent with thefollowing years higher than previous ones, he said.
The RoK is one of the biggest overseas investorsin Vietnam with 5,656 projects worth 51.5 billion USD, he added.
He added that the Vietnamese Government isexerting every effort to improve the market economy institution, legalframework, and administrative procedures as well as increase quality of humanresources and infrastructure under the public-private partnership (PPP)model./.
Vietnam’s Small- and Medium-sized Enterprise Development Fund will join hands with the Korea Small and Medium Business Corporation to promote the development of SMEs and help them to seek partners
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At the workshop (Photo: VNA)
