PM Dung affirms resolution to improve investment environment

December 11, 2014 | 09:35

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Viet Nam will further improve the investment and business environment in order to welcome more investors, including those from the Republic of Korea in general and from Busan in particular.

PM Nguyen Tan Dung at the dialogue with Korean business community in Busan, the Republic of Korea, December 10, 2014 - Photo: VGP

The PM made the affirmation when attending a dialogue with the RoK business community in Busan, the RoK on December 10.

PM Dung promised to create all favorable conditions for RoK businesses to invest successfully in Viet Nam. He emphasized the traditional friendship and cooperation between the two nations have been deepened since the establishment of the strategic partnership.

With US$37 billion in investment capital, the RoK has become the biggest foreign direct investor in Viet Nam among 100 countries and territories investing in the country.

The RoK has recorded the second largest number of tourists to Viet Nam and is the second biggest official development assistance (ODA) provider to Viet Nam (after Japan).

Notably, the bilateral trade turnover has increased rapidly at around 20% annually and the country has become the third largest trade partner of Viet Nam.

PM Dung expressed his pleasure that the two countries will announce the conclusion of negotiations for a free trade agreement after two years of negotiation, saying that the agreement will help enhance bilateral all-round relations.

During the dialogue, PM Dung answered many questions from RoK businesses about policies on attracting investment and improving the investment and business environment in Viet Nam.

VGP

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