Financial, commerce, funding cooperation – a pillar of Vietnam-RoK relations | Enterprise

Economic, trade, investment cooperation – a pillar of Vietnam-RoK relations hinh anh 1Delegates to “Meet Korea within the northern area” programme (Photograph: VNA)

Bac Ninh (VNA) – Financial, commerce and
funding cooperation has served as each a pillar and momentum of the relations
between Vietnam and the Republic of Korea (RoK), Deputy Minister of
Overseas Affairs Nguyen Minh Vu affirmed at a programme within the northern province
of Bac Ninh on Could 18.

Collectively held by the provincial Folks’s Committee, the
Ministry of Overseas Affairs and the RoK Embassy in Vietnam, the programme,
named “Meet Korea within the northern area”, introduced collectively greater than 150 Korean
companies and representatives from 13 northern cities
and provinces.

The occasion marked the beginning of a collection of actions inside the “Meet
Korea” programme 2023 co-organised by the ministry and the embassy.

Vu harassed that the RoK now ranks first when it comes to
direct funding in Vietnam, second in official growth help (ODA),
labour and tourism, and third in commerce cooperation.

In the meantime, Vietnam is an enormous associate of the RoK within the Affiliation
of Southeast Asian Nations (ASEAN), accounting for half of the overall commerce income
between the RoK and ASEAN.

Due to this fact, Vietnam at all times helps and makes efforts to take away difficulties for Korean traders according to authorized laws, serving to
them run long-term enterprise within the nation, the official affirmed.

The RoK Ambassador to Vietnam Oh Younger-ju famous that
the “Meet Korea within the northern area” programme, in its fourth version, has
change into an annual alternate venue for companies of the 2 nations.

The occasion this yr has particular significance as it’s the first held after the 2 nations upgraded
their relationship to a complete strategic partnership in December 2022, serving to
enterprises and leaders of the 2 nations discover cooperation alternatives
in new areas, she added.

Chairwoman of the provincial Folks’s Committee Nguyen
Huong Giang stated the programme affords a very good alternative for companies and
traders to arrange cooperation with Bac Ninh and different northern localities.

The programme featured discussions on cooperation in provide
and manufacturing chains, and sustainable financial growth, throughout which
leaders of the collaborating cities and provinces launched potential,
strengths, and socio-economic growth of their localities, main Korean tasks
there, and their funding attraction orientations.

For his or her half, Korean enterprises raised proposals on problems with
shared concern like provide chain diversification, good metropolis constructing, IT
utility in inexperienced growth, environmental air pollution response, and
administrative reform.

Deputy minister Vu stated such proposals will assist the Vietnamese authorities
and native authorities set forth particular measures and options to boost
cooperation between Vietnamese localities and Korean companions, in addition to the
complete strategic partnership between the 2 nations. /.

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