Korean investors join efforts to develop RoK-VN ties: Finance Minister

He made the statement while chairing an investment promotion conference in Seoul on April 18, which drew the attendance of more than 400 RoK investors and representatives from Financial Services Commission, Korea Financial Investment Association, Korea Stock Exchange, investment funds, and leading banks and insurance groups.

The RoK is currently the largest foreign investor in Vietnam with total registered capital of US$59 billion and the Vietnamese Government lauded the presence of RoK leading businesses in the country in the past three decades, Dung said.

He stated that Vietnam-RoK relationship is entering a new phase thanks to the Moon Jae-in administration’s New Southern Policy, in which Vietnam plays a core role.

Moon’s visit to Vietnam last month helped deepen the ties across the fields, Dung added.

Informing the participants of Vietnam’s economy, the official noted that import-export revenue smashed the record benchmark of US$400 billion in 2017 while the registered FDI capital reached US$319.6 billion. The FDI sector has created millions of jobs for local labourers and promoted growth model shifting in the country.

At the event, many RoK businesses expressed their interest in Vietnamese securities and insurance markets as well as the country’s new policy to develop the economy.

Earlier on April 17, Dung had a meeting with Deputy Prime Minister cum Minister of Strategy and Finance Kim Dong-yeon, during which they agreed that Moon’s visit to Vietnam marked the two governments’ determination to deepen the strategic cooperative partnership.

During his stay in Seoul, the minister visited the Vietnamese Embassy in the RoK on April 16. He lauded the embassy’s role in promoting the bilateral strategic cooperative partnership in all sectors, especially in economic collaboration and investment attraction.