ID :
85303
Tue, 10/20/2009 - 18:46
Auther :
Shortlink :
https://www.oananews.org//node/85303
The shortlink copeid
(Yonhap Interview) Vietnam open to more investment from S. Korea: Triet
HANOI, Oct. 20 (Yonhap) -- Vietnam welcomes South Korean businesses' increased
investments in its industrial sectors, which would further strengthen bilateral
relations, the country's president said.
"The Vietnamese government welcomes the development of two-way relations through
the expansion of South Korean companies' investments in transportation, harbors,
energy, high technology, the environment and agricultural development, which
would contribute to Vietnam's economic and social development," President Nguyen
Minh Triet said in an interview with Yonhap News Agency on Tuesday.
South Korean President Lee Myung-bak's upcoming visit to Vietnam will provide an
opportunity for the countries to explore means of furthering overall bilateral
ties, Triet said.
Lee and Triet are expected to upgrade their countries' current "comprehensive
partnership" to a "strategic cooperative" relationship in talks Wednesday, during
which they will also seal a package of economic cooperation deals.
"The forming of a strategic cooperative relationship is very meaningful and will
boost friendship and mutual trust. I believe that (it will) further bolster and
develop relations in a more efficient, comprehensive and deep manner."
"South Korea has become one of the most important (economic) partners for
Vietnam. As of the end of July, South Korea invested a total of US$20 billion in
2,201 business projects," the Vietnamese president noted, adding that last year's
two-way trade amounted to $8.85 billion.
The Southeast Asian country remains a key production base for over 1,000 South
Korean companies, including corporate giants such as Samsung and LG groups, SK
Energy and POSCO, as well as smaller businesses in industries ranging from energy
and electronics to textiles.
According to a poll conducted by the Korea Chamber of Commerce and Industry in
January, 93.5 percent of South Korean companies operating in Vietnam said they
would invest more or maintain their current levels of investment.
"Vietnam sees a foreign business' success as its own success," Triet said,
stressing that his government is making diverse legal and administrative efforts
to ease regulations to help promote investment.
"We will put emphasis on winning the faith of foreign investors by maintaining
smooth communication between investors and the government and addressing issues
(that may concern foreign investors) in the process," Triet said.
On the North Korean nuclear stalemate, Triet said Vietnam stands strong in its
support of a peaceful resolution to the deadlock and that it supports "diplomatic
efforts" in dealing with issues surrounding the Korean Peninsula.
"As a non-permanent member of the U.N. Security Council and next year's chair of
the ASEAN summit, Vietnam is prepared to contribute as much as it can towards the
peace process on the Korean Peninsula, as well as peace and stability in the
region," he said.
odissy@yna.co.kr
(END)
investments in its industrial sectors, which would further strengthen bilateral
relations, the country's president said.
"The Vietnamese government welcomes the development of two-way relations through
the expansion of South Korean companies' investments in transportation, harbors,
energy, high technology, the environment and agricultural development, which
would contribute to Vietnam's economic and social development," President Nguyen
Minh Triet said in an interview with Yonhap News Agency on Tuesday.
South Korean President Lee Myung-bak's upcoming visit to Vietnam will provide an
opportunity for the countries to explore means of furthering overall bilateral
ties, Triet said.
Lee and Triet are expected to upgrade their countries' current "comprehensive
partnership" to a "strategic cooperative" relationship in talks Wednesday, during
which they will also seal a package of economic cooperation deals.
"The forming of a strategic cooperative relationship is very meaningful and will
boost friendship and mutual trust. I believe that (it will) further bolster and
develop relations in a more efficient, comprehensive and deep manner."
"South Korea has become one of the most important (economic) partners for
Vietnam. As of the end of July, South Korea invested a total of US$20 billion in
2,201 business projects," the Vietnamese president noted, adding that last year's
two-way trade amounted to $8.85 billion.
The Southeast Asian country remains a key production base for over 1,000 South
Korean companies, including corporate giants such as Samsung and LG groups, SK
Energy and POSCO, as well as smaller businesses in industries ranging from energy
and electronics to textiles.
According to a poll conducted by the Korea Chamber of Commerce and Industry in
January, 93.5 percent of South Korean companies operating in Vietnam said they
would invest more or maintain their current levels of investment.
"Vietnam sees a foreign business' success as its own success," Triet said,
stressing that his government is making diverse legal and administrative efforts
to ease regulations to help promote investment.
"We will put emphasis on winning the faith of foreign investors by maintaining
smooth communication between investors and the government and addressing issues
(that may concern foreign investors) in the process," Triet said.
On the North Korean nuclear stalemate, Triet said Vietnam stands strong in its
support of a peaceful resolution to the deadlock and that it supports "diplomatic
efforts" in dealing with issues surrounding the Korean Peninsula.
"As a non-permanent member of the U.N. Security Council and next year's chair of
the ASEAN summit, Vietnam is prepared to contribute as much as it can towards the
peace process on the Korean Peninsula, as well as peace and stability in the
region," he said.
odissy@yna.co.kr
(END)
