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Submitted by ctv_en_2 on Thu, 12/18/2008 - 09:50
Investment opportunities in Vietnam were introduced to businesses from the Republic of Korea (RoK) at a seminar held in Hanoi on December 17.

The event was co-organised by the Vietnam Chamber of Commerce and Industry (VCCI) and its Vietnam-based RoK counterpart. It helped Vietnamese economic experts understand the difficulties that RoK businesses face when investing in Vietnam.

During the seminar, experts from the Vietnam Institute of Economics (VIE) frew RoK businesses to projects that currently need foreign investment, such as infrastructure, energy production, bio-tech products and other environmental-friendly industrial projects.

VIE’s head Tran Dinh Thien emphasised Vietnam’s strategic economic position and its golden population structure, referring to the current situation whereby those of a working age vastly outnumber dependants by a significant amount, as well as its low-cost and abundant workforce and stable political climate. The Vietnamese Government has recently formulated a number of policies favouring small-and medium-sized enterprises, including those from the RoK, he added.

The RoK now has 2,104 projects, worth almost US$16 billion being implemented in Vietnam, ranking st in terms of the number of projects and 4th in terms of total foreign investment capital registered in the country.

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