South Korea grants Vietnam US$5.5 million for building investment data
The project aims to build a national database on foreign investment in Vietnam and Vietnamese investment abroad, serving as a basis for the formulation and execution of policies on foreign investment of Vietnam.
South Korea has decided to give US$5.5 million in non-refundable aid for a project to upgrade and develop the national information system on investment of Vietnam, local media reported.The Vietnamese Ministry of Planning and Investment and the Korea International Cooperation Agency (KOICA) on March 28 kicked off the project, consisting of three main components which are consulting, system building and project management.
The project "Upgrading and developing the national information system on investment" kicked off on March 28. Photo: Nhan Dan
|
Additionally, the project is expected to integrate and share data with other national information systems and develop search and analysis engines.
Deputy Minister of Planning and Investment Vu Dai Thang affirmed that the project is a significant contribution to e-government and strengthening administrative reform, Tien Phong newspaper reported.
KOICA Country Director for Vietnam Kim Jinoh said that this is one of the priority projects in implementing South Korea's New Southern Policy, which identifies Vietnam as a key partner.
In its national cooperation strategy with Vietnam in 2016 – 2020, South Korea gives priority to four fields namely transportation, public administration, health management, education and training.
The above-mentioned project belongs to the field of "Public administration governing", which is the second priority field of Korea’s support.
20:53, 2025/01/21
Vietnam news in brief - January 21
Read The Hanoi Times for more updates about Vietnam and its capital.
08:58, 2025/01/21
Vietnamese leaders congratulate President Donald Trump on inauguration day
Vietnamese leaders expressed confidence that, under Trump's leadership, the partnership would continue to grow based on mutual respect for independence, sovereignty, and political systems.
23:10, 2025/01/20
Vietnam, Czech Republic issue Joint Statement on elevating ties to Strategic Partnership
Prime Minister Pham Minh Chinh and Prime Minister of the Czech Republic Petr Fiala have issued a Joint Statement, upgrading Vietnam-Czechia relations to a Strategic Partnership during the Vietnamese Prime Minister's official visit to the Czech Republic, from January 18 to 20.
21:52, 2025/01/20
Vietnam news in brief - January 20
Read The Hanoi Times news in brief to get the latest updates on the country.
06:05, 2025/01/20
President calls for overseas Vietnamese to join hands in nation-building efforts
The president said Vietnam will strengthen efforts to promote patriotism, fulfill aspirations, preserve the Vietnamese language, and uphold the nation’s cultural heritage among overseas Vietnamese.
05:48, 2025/01/20
General Secretary acknowledges overseas Vietnamese’ contributions
He expressed pride in witnessing the Vietnamese diaspora flourish and make meaningful contributions to their host countries.
- Vietnam news in brief - January 19
- Homeland Spring 2025: Overseas Vietnamese explore investment opportunities
- PM calls for Polish businesses to seize opportunities in Vietnam’s market
- Vietnam news in brief - January 17
- Vietnam to have five international tech giants by 2030: General Secretary
- Vietnam news in brief - January 16