Minister Hue made the statement at separate meetings in Seoul on March 27 with leaders of the RoK Ministry of Finance and Strategy, National Tax Service, and Export-Import Bank of Korea (Korea Eximbank).

Minister Hue and his Korean counterpart Bahk Jaewan agreed that cooperation between the Vietnamese Ministry of Finance and the Korean Ministry of Finance and Strategy is the most efficient among others based on their signed agreements.

The Vietnamese Ministry of Finance will work closely with its Korean counterpart and Korean investors operating in Vietnam to create a transparent, fair, friendly and healthy investment environment in the country to support foreign businesses, Hue assured his host.

Minister Bahk expressed his desire to further strengthen bilateral financial cooperation to make a significant contribution to the strategic partnership between the RoK and Vietnam.

At a meeting with Eximbank Chairman Kim Dongsoo, Minister Hue appreciated the bank for its efficient cooperation with the Vietnamese Ministry of Finance.

He proposed that the Korean bank continue providing preferential credits for Vietnam to develop infrastructure in the country.

Chairman Kim revealed that the RoK Government is considering further investment in infrastructure, green growth and climate change programs in Vietnam.  

While meeting with Commissioner Lee Hyun-dong of the National Tax Service, both sides reviewed the results of their cooperation programs over the years which they said are efficient.

Commissioner Lee assured Minister Hue that the Korean National Tax Service is ready to cooperate comprehensively with the General Department of Taxation and the Ministry of Finance of Vietnam.

Hue is accompanying Prime Minister Nguyen Tan Dung on an official visit to the RoK at the invitation pf President Lee Myung-bak.

The RoK is one of Vietnam’s leading partners in such areas as economics, trade, investment, culture,-education, labour, and employment.

The North-eastern nation is among the top three foreign investors in Vietnam. Last year, it committed US$411.8 million in additional development assistance to Vietnam, up 39 percent against 2010.