Improving effectiveness in Vietnam - RoK financial cooperation
Friday, 20/04/2018 15:15 (GMT+7)
A meeting to promote investment and finance between Vietnam and the Republic of Korea was held on April 18th in Seoul with the participation of more than 400 Korean investors, businesses and leaders of the country’s leading agencies, investment funds, banks and groups.
Participants at the event. (Photo: Nhan Dan News)
In his speech at the event, Minister of Finance Dinh Tien Dung, head of the Vietnamese delegation, hailed the active participation of many Korean investors, showing responsibility and dedication in the aim of building a more prosperous Vietnam - RoK relationship.
In more than 25 years since officially establishing diplomatic ties, the relationship has developed strongly and is stepping into the best phase in history, an important factor in the process of maintaining bilateral cooperation, especially promoting economic and financial cooperation.
The RoK is the second largest partner of Vietnam while Vietnam is the fourth biggest trade partner of the RoK. As of March 2018, the country ranked first among 126 countries and territories investing in Vietnam.
In addition, a series of new-generation trade agreements have been signed, including the Vietnam-Korea Free Trade Agreement, which create trade flows among participants.
The Vietnamese Ministry of Finance pledged to accompany and facilitate enterprises of the two sides to achieve the goal of raising two-way trade turnover to USD100 billion by 2020 and the RoK continues to be the leading country in direct and indirect investment in Vietnam, the agency leader affirmed./.
BTA
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