Vietnam and RoK aim to raise trade turnover to US$150 billion by 2030

VOV.VN - Vietnam has committed to creating the optimal conditions for the Republic of Korean businesses to operate successfully in the country, aiming to raise two-way trade turnover to US$150 billion by 2030, said Minister of Finance Ho Duc Phoc at an investment promotion conference held in Seoul, the RoK, on March 7.

He expressed his hope that through the conference, firms from both sides would have additional cooperative projects to deepen economic links, as well as the comprehensive strategic partnership that exists between the two countries. 

Taking the floor, Pham Nhu Anh, general director of the Military Commercial Joint Stock Bank (MB Bank), revealed that foreign investors, including Korean financiers who invest in Vietnam’s green transition and emissions, are anticipated to enjoy preferential tax policies provided by the Vietnamese Government.

Meanwhile, Kim Yong-Jae, standing commissioner of the Financial Supervisory Commission of the RoK, emphasised that the conference will open up bright prospects ahead for collaboration and development between the two countries.

He pledged to continue enhancing ties and sharing experiences with Vietnamese management agencies in a bid to further strengthen investment and business activities.

As part of the conference, the State Securities Commission (SSC) and the Korean Finance Association (KOFIA) signed a Memorandum of Understanding (MoU) to support management agencies and units operating the Vietnamese stock market, and to facilitate RoK businesses’ operations in Vietnam.  

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