RoK firms keen to invest in Hanoi: FKI Chairman

Wednesday, 2018-09-12 15:46:12
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Deputy Chairman of the Hanoi People’s Committee Ngo Van Quy (R) receives Chairman of the Federation of Korean Industries Huh Chang-soo in Hanoi on September 12. (Photo: VNA)
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NDO/VNA – Many investors and enterprises of the Republic of Korea are very interested in doing business in Vietnam in general and in Hanoi in particular, hoping to capitalise on the advantages of the country and the city, said Chairman of the Federation of Korean Industries (FKI) Huh Chang-soo on September 12.

During a reception given by Deputy Chairman of the Hanoi People’s Committee Ngo Van Quy to a visiting FKI delegation, Huh spoke highly of Vietnam’s highest socio-economic growth among the ASEAN countries, political stability, sufficient infrastructure, high-quality human resources, large consumption market and great potential for long-term development.

The official also stressed that information and communication technology, heavy industry and high technology are the fields RoK enterprises are interested in and hope to invest in. RoK companies are fully able to help Vietnam in general and Hanoi in particular catch up with the Fourth Industrial Revolution, he affirmed, adding RoK firms hope Hanoi authorities will help them accelerate and broaden the size of their investment in the city.

Deputy Chairman Quy briefed his guests on the comprehensive conditions of Hanoi and spoke highly of the cooperation and investment from RoK companies to the city. Over the past recent years, the city has recorded an average annual economic growth of 7.5%, its rate of trained workers stands at 62%.

The official highlighted that attracting foreign investment is a prominent point of Hanoi and RoK is the third largest foreign investor in the city. He expressed his hope to see more RoK investors to come to Hanoi, especially in the fields of transport infrastructure, public transport, environment treatment, health care, education, high-tech and environment-friendly agricultural production, and human resources training to meet requirements of the Fourth Industrial Revolution.