RoK tops list of investors in Hanoi
(VOV) - The Republic of Korea (RoK) is the largest foreign direct investor in Hanoi with 636 projects, accounting for nearly 31 percent of total FDI projects in the city.
It now ranks second in the Vietnamese capital city in terms of registered capital, totalling more than US$3.5 billion.
The figures were unveiled at a meeting in Hanoi on November 12 between Nguyen Thi Bich Ngoc, vice chairwoman of the Hanoi municipal People’s Committee, and Choi Young Joo, President of the RoK-Vietnam Friendship Association.
Both sides expressed their delight at the constant growth of economic cooperation in recent years.
Since 1996, the capital cities of Hanoi (Vietnam) and Seoul (the RoK) have established the ties of friendship and cooperation and signed many agreements and memorandums of understanding in this connection.
Most recently, they have agreed on a plan to develop areas along the banks of the Red River and created favourable conditions for Korean businesses to invest in Vietnam and Hanoi students to take part in training courses in the RoK.