Great investments in technology transfer and focus on heavy industries and high-tech are the right trends for future cooperation between Việt Nam and the Republic of Korea (RoK), said Deputy PM Hoang Trung Hai.
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Deputy PM Hoang Trung Hai (R) receives RoK’s Trade Minister Kim Jong-Hoon, Ha Noi, March 22, 2010.
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Deputy PM Hoang Trung Hai made the statement on March 22 in Ha Noi while receiving Korean Trade MinisterKim Jong-Hoon who is leading a working group to Việt Nam.
The host leader applauded the successful outcomes which were churned out during the visit of Minister Kim Jong-Hoon and his entourage to Việt Nam and served to speed up the negotiation process for the signing of the Free Trade Agreement between the two countries.
Stressing the importance of in-depth investment, the Vietnamese Deputy PM also expressed his hope to seek further assistance from the RoK’s Trade Minister for better trade and investment linkages between the two countries’ business communities.
According to Minister Kim Jong-Hoon, the agreements reached during the visits of the RoK’s President Lee Myung-bak and Speaker of the National Assembly Kim Hyong-O to Việt Nam in 2009 have opened up huge opportunities for bilateral trade and investment ties.
In the coming time, the RoK’s enterprises intend to invest in constructing power-stations, electronics plants, and nuclear power plants in Việt Nam, said Mr. Kim Jong-Hoon.
So far, the RoK is one of the Vietnamese leading investment partners with over 2,000 projects worth of over US $16 billion. The two-way trade turnover stood at US $9 billion in 2009 and would be brought to US $20 billion in 2015.