He stated this at a seminar to promote investment and trade between Vietnam and the RoK in Hanoi on January 11. 

Secretary General Cho and representatives from the top 20 construction businesses in the RoK are on a fact-finding tour of Vietnam from January 11-13 to seek out investment opportunities. 

The investment and trade relationship between Vietnam and the RoK has developed rapidly in recent years. Since the Law on Foreign Investments took effect in Vietnam in 1988, the RoK has invested US$20 billion in more than 2,200 investment projects in Vietnam, ranking second among the 89 countries and territories currently investing in the country. 

Deputy Minister of Industry and Trade Nguyen Thanh Bien confirmed that bilateral economic, investment and trade ties will further improve, especially as the RoK is one of the world’s economies to see an early recovery from the global economic downturn and maintain a good economic growth. 

The Vietnamese Government highlighted the efforts made by RoK investors as the nation is always amongst the top three countries and territories to invest in Vietnam, stated the deputy minister. 

The RoK businesses have left an important mark in various economic sectors, including infrastructure, real estate, the ship building industry, electricity generation and electronics, he added.