29 C
Ho Chi Minh City
Tuesday, November 24, 2020

S.Korea tops list of foreign investors in Vietnam

Must read

Charity run to raise funds for charitable projects

HCMC – The British Chamber of Commerce Vietnam will organize a charity run at the British University Vietnam’s Ecopark campus in Hung Yen Province...

27 students rescued after losing way home from mountain picnic

HCMC – The local authorities have rescued 27 students who went missing during their picnic on Khau Mo Mountain in Huyen Tung Ward, Bac...

Vietnam likely to become super-aging country by 2050: deputy minister

HCMC – Vietnam entered an “aging phase” in 2011 and remains among the most rapidly aging countries in the world and, as such, might...

Three bridge projects along axis road connecting HCMC and Mekong Delta approved

HCMC – The People’s Council of the Mekong Delta province of Long An on November 18 gave its nod to the investment plans of...
HCMC – South Korean investors pumped in over US$544 million into projects in Vietnam during the first half of 2020, raising its total capital registered to invest in this Southeast Asian nation to some US$70 billion, becoming Vietnam’s biggest foreign investor.

This capital was invested in over 8,000 projects, creating jobs for over 700,000 workers nationwide and contributing 30% to Vietnam’s total export value.

These figures were revealed at a dialogue in Hanoi on July 17 between the prime minister’s Advisory Council for Administrative Reform and the Korean business community in Vietnam, aimed at helping remove obstacles facing South Korean enterprises active in Vietnam during the post-Covid-19 period.

Addressing the event, Minister, Chairman of the Government Office Mai Tien Dung announced that Vietnam pledges to work closely with countries, including South Korea and international organizations, to ease difficulties amid the Covid-19 pandemic.

Korean Ambassador to Vietnam Park Nok Wan urged the Vietnamese Government to continue to cooperate with South Korea to normalize bilateral exchange following the pubic health crisis.

Besides this, the ambassador proposed the Government continue its support for South Korean businesses to prevent obstacles and red tape while investing in Vietnam.

Since the beginning of the year, the Vietnamese Government slashed 239 business conditions, raising the total to some 3,900 of the roughly 6,200. In the coming period, the country will also execute e-customs procedures in line with international standards.

By Le Hoang

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles

Charity run to raise funds for charitable projects

HCMC – The British Chamber of Commerce Vietnam will organize a charity run at the British University Vietnam’s Ecopark campus in Hung Yen Province...

27 students rescued after losing way home from mountain picnic

HCMC – The local authorities have rescued 27 students who went missing during their picnic on Khau Mo Mountain in Huyen Tung Ward, Bac...

Vietnam likely to become super-aging country by 2050: deputy minister

HCMC – Vietnam entered an “aging phase” in 2011 and remains among the most rapidly aging countries in the world and, as such, might...

Three bridge projects along axis road connecting HCMC and Mekong Delta approved

HCMC – The People’s Council of the Mekong Delta province of Long An on November 18 gave its nod to the investment plans of...

Work begins on three components of North-South expressway project

HCMC – On November 19, the Ministry of Transport began work on three components worth over VND4 trillion of the Mai Son-National Highway 45...