RoK shares experience with Vietnam in mobilising private capital
Thursday, 01/08/2019 10:52 (GMT+7)
The Republic of Korea (RoK) has agreed to cooperate with Vietnam in sharing experience in mobilising private investments for infrastructure development.
RoK Deputy Minister of Finance Koo Yun-Cheol (second, left) and Vietnamese Deputy Minister of Planning and Investment Nguyen Duc Trung (left) at the meeting (source: Yonhap)
The two sides reached the agreement in a meeting between RoK Deputy Minister of Finance Koo Yun-Cheol and Vietnamese Deputy Minister of Planning and Investment Nguyen Duc Trung in Seoul on July 31st.
Koo said private capital mobilization is necessary for Vietnam to increase industrial production efficiency and improve people’s quality of life.
Trung said the RoK’s experience in the field is useful for Vietnam’s plan in luring more investments from the private sector for the construction of roads, railways and other infrastructure.
In 1995, the RoK allowed infrastructure projects to get capital sources from the private sector. Private investors have so far financed 719 projects worth KRW114,500 billion (USD96.7 billion) across the country./.
CPV/VNA
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