VN, RoK boost cooperation in finance

May 20, 2015 | 09:52

(0) user say

Deputy PM Vu Van Ninh on May 18 met with Financial Services Commission (FSC) Chairman Yim Jong-yong and leaders from 10 largest banks in the Republic of Korea (RoK) during his working visit to the country.

Photo: VGP/Thanh Chung

Mr. Yim Jong Yuong hailed the two nations’ diplomatic relations, as well as sharp increases in the two-way trade turnover over the past recent years that led to the current figure of US$30 billion.

He thanked the Vietnamese Government for its assistance to Korean banks and financial corporations to operate successfully in Viet Nam.

He expected that the Vietnamese Government will continue assistance to the RoK’s banks and financial organizations in the future so as they make more contributions to the two sides’ economies, especially after the signing of the Viet Nam-RoK Free Trade Agreement (VKFTA).
Deputy PM Vu Van Ninh asserted that the VKFTA not only enhances the trade relations but also paves the way for the two countries’ financial corporations.

Viet Nam expects to step up financial cooperation with the RoK to raise the two sides’ relations to a higher level, he confirmed.

At the meeting with Chairman of the Federation of Korean Industries (FKI) Huh Chang Soo, Deputy PM Ninh hoped that the HKI will loosen the labor quota for Vietnamese workers sent to the RoK, suggesting the HKI introduce the VKFTA to encourage the RoK’s businesses to invest in Viet Nam.

He proposed the RoK’s enterprises accelerating the imports of Viet Nam’s agricultural products.

Chairman Huh Chang Soo affirmed he supports the cooperation between the RoK’s businesses with Vietnamese partners.

VGP

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional