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RoK investors invited into traffic, property projects

In Uncategorized on August 27, 2008 at 4:25 pm

Hanoi (VNA) – Prime Minister Nguyen Tan Dung assured Minister of Land, Infrastructure and Transport Chung Jong Hwan of good conditions for Republic of Korea investors interested in transport infrastructure and property projects during their meeting in Hanoi on August 27.

Dung emphasised that it was part of the Vietnamese Government’s policy to further develop all-round relations with the RoK, especially in economics, trade, investment and tourism.

He also expressed satisfaction at the recent fine development of relations between the two countries as shown in the RoK’s leading the lists of foreign investors and trade partners of Vietnam, being a major development aid donor and a promising market for Vietnamese labour.

“Efforts should be made to deploy projects reached by the two sides during this visit as soon as possible while ensuring long-term, equal and mutually-interested cooperation,” said the Government leader.

“The Vietnamese Government will generate the best available conditions for RoK investments in Vietnam for that purpose,” Dung pledged.

In reply, Minister Chung Jong Hwan reported agreements reached with the Vietnamese Ministry of Transport in their recent working session, including concrete measures for cooperation in roads, seaports and railways, further exchange of visits and personnel training assistance.

Hwan proposed the Vietnamese Government extend favourable conditions for RoK investment in projects on either side of the Red River, the Haiphong seaport and industrial zones in the Red River province of Bac Giang.

“Vietnam has a good investment climate and the two countries have much in common. All this is a big reason for RoK businesses to consider Vietnam ideal for long-term and effective investments,” concluded the RoK minister.–