President asks RoK association to increase investment in Vietnam | Business

Hanoi, July 24 (VNA) – President Nguyen Xuan Phuc has asked the Korea & Vietnam Economic and Cultural Affiliation (KOVECA) and economic organisations of RoK to inspire the Republic of Korea’s enterprises to increase financial investment in Vietnam, especially in the fields of significant technology, renewable energy, environmentally pleasant industires and technological transfer.

He designed the recommendation at a reception for going to KOVECA Chairman Kim Eliminate-soo in Hanoi on July 23.

The President also urged the affiliation to coordinate with the Vietnamese Embassy in the Republic of Korea (RoK) and Vietnamese companies and localities in organising lots of pursuits to celebrate the 30th anniversary of the two countries’ diplomatic ties.

There are about 200,000 Vietnamese people living in RoK and vice versa. The Condition leader said that this is an essential bridge to promote  the friendship relations between the men and women of the two countries. He identified as on the association to coordinate with the Vietnamese Ambassador to RoK to help and defend Vietnamese persons who are living, operating and researching in the place, suggesting that KOVECA and other RoK tradition, artwork, and sporting activities organisation must enhance cooperation with Vietnamese partners to deepen people-to-men and women exchanges and bilateral collaboration.

The President mentioned that economic cooperation is generally a vivid spot in Vietnam-RoK ties, obtaining a lot of excellent outcomes.

RoK has always been the main trader in Vietnam with approximately 80 billion USD. Trade turnover concerning the two countries also reached practically 80 billion USD, which is expected to maximize to 100 billion USD subsequent yr, he explained, introducing that the two nations around the world have also cooperated nicely in the fields of formal growth assistance (ODA), labour and tourism.

He emphasised the crucial contributions of the KOVECA with numerous things to do to promote cooperation with the Affiliation for Liaison with overseas Vietnamese as very well as the organisation of the Korea-Vietnam Cooperation Discussion board in Ho Chi Minh City and Hanoi from July 22 to 24.

For his section, the KOVECA Chairman reported far more and additional Korean enterprises are fascinated in investing in Vietnam, including that they want to pour cash into the growth of assignments in the Red River location with the expectation of producing it like the miracle of the Han River in the RoK.

Representatives of a amount of Korean associations attending the meeting also hoped that the two countries would boost cooperation in the fields of squander and wastewater treatment method, employment, and sports activities trade./.