KDB urged to encourage RoK firms to invest in Vietnam

Monday, 2017-04-17 14:49:27
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Prime Minister Nguyen Xuan Phuc (R) and KDB CEO and Chairman Lee Dong-geol (Photo:VNA)
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NDO/VNA – Prime Minister Nguyen Xuan Phuc has expressed his belief that the Korea Development Bank (KDB), with its prestige, scale and experience in the Republic of Korea (RoK), will continue encouraging more RoK firms to invest in Vietnam.

While receiving KDB CEO and Chairman Lee Dong-geol in Hanoi on April 17, PM Nguyen Xuan Phuc spoke highly of the KDB’s expansion of cooperation with commercial banks in Vietnam as well as its continued implementation of investment projects in the country.

He stressed that Vietnam and the RoK have enjoyed a close relationship in various fields such as politics, diplomacy, economy, investment, trade and banking, adding that RoK-invested projects have been successfully carried out in Vietnam.

Vietnam expects to welcome more RoK enterprises, PM Phuc said, noting that this would create favourable conditions for the KDB to expand operations in the country.

Lee informed his host that the KDB has so far invested about US$8 billion in Vietnam and the bank is planning to embark on a number of projects in the coming time.

He highly evaluated Vietnam’s potential for economic growth and affirmed that the KDB wants to contribute more to Vietnam’s socio-economic development.