Vietnam facilitates RoK investment: PM

Thursday, 2018-02-08 10:56:25
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PM Nguyen Xuan Phuc receives Chairman of the Hyosung Group Cho Hyun-joon. (Photo: VNA)
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NDO - Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi, on February 8, for Chairman of the Hyosung Group Cho Hyun-joon from the Republic of Korea (RoK).

Speaking at the reception, the Government leader spoke highly of Hyosung as one of the biggest RoK investors in Vietnam, which has deployed many important projects in all three regions of the country.

Emphasising that the Vietnamese Government always creates favourable conditions for the RoK firms, including the Hyosung Group, to invest in the country, PM Phuc suggested that Hyosung joins as a strategic investor of Vietnam’s electricity transformer factory and urged the group to pay due attention to environmental protection when carrying out its projects.

For his part, Chairman of the Hyosung Group Cho Hyun-joon said that the group is striving to lift its total investment in Vietnam up to US$6 billion.

He added that Hyosung is also planning to invest in electricity projects in Vietnam, particularly by supplying high voltage power transformers which are sought after in the country.

He also suggested that Vietnam soon organises an investment forum to attract more investors from the RoK to Vietnam.