Vietnam expects to attract more Korean investors in transport infrastructure
The Vietnamese Embassy in Korea in collaboration with the Korea Financial Investment Association held a workshop on opportunities to invest in Vietnam`s infrastructure under the public-private partnership (PPP) model in Seoul on December 15.
Attending the seminar in Seoul were Vietnamese Ambassador to the Republic of Korea Pham Huu Chi, Vice President of the Korea Financial Investment Association (KOFIA) Chang Soo Han, representatives of Vietnam's ministries of Transport, Planning and Investment, and representatives from 150 major businesses from the Republic of Korea (RoK).
Speaking at the workshop, Vietnamese Ambassador to the RoK Pham Huu Chi told after 30 years of rennovation, Vietnam has developed into a middle-income country.
In the 2011-2015 period, Vietnam saw an annual average gross domestic product (GDP) growth of about 6 percent with the following years higher than previous ones, Ambassador Chi said.
The RoK is one of the biggest overseas investors in Vietnam with 5,656 projects worth 51.5 billion USD, he noted.
He added that currently the Vietnamese Government is exerting every effort to improve the market economy institution, legal framework, and administrative procedures as well as increase quality of human resources and infrastructure under the public-private partnership (PPP) model.
Addressing the seminar, Vice President of the Korea Financial Investment Association (KOFIA) Chang Soo Han said that transport infrastructure is an attractive investment field in Vietnam and the acceleration of equitising State-owned enterprises in the country will create brilliant opportunities for RoK businesses.
He said the Vietnam-RoK free trade agreement, which came into effect at the end of 2015, has contributed to expanding the bilateral economic cooperation.
Despite global economic crisis, Vietnam has maintained its average annual economic growth of 5-6 percent, he said, adding that the signing of the Trans-Pacific Partnership (TPP) agreement and the engagement in the ASEAN Economic Community (AEC) have made Vietnam become a big potential investment destination.
The Vietnamese Government is enacting a number of measures to attract foreign financial investment such as removing the foreign ownership limits in the stock market and expanding the equitisation of State-run businesses, which have helped improve the local investment environment, Han noted.
During the event, Vietnamese representatives introduced the key transport infrastructure planning for 2016 - 2020, projects and specific roadmap and opportunities to the Korean investors.
Korean businesses praised the Vietnam’s guidelines and the measures to encourage investment in these areas, and hoped to have a good chance investing in Vietnam, thus contributing to further strengthen economic cooperation ties between the two countries.
Vietnamese Ambassador to the Republic of Korea Pham Huu Chi.
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In the 2011-2015 period, Vietnam saw an annual average gross domestic product (GDP) growth of about 6 percent with the following years higher than previous ones, Ambassador Chi said.
The RoK is one of the biggest overseas investors in Vietnam with 5,656 projects worth 51.5 billion USD, he noted.
He added that currently the Vietnamese Government is exerting every effort to improve the market economy institution, legal framework, and administrative procedures as well as increase quality of human resources and infrastructure under the public-private partnership (PPP) model.
Addressing the seminar, Vice President of the Korea Financial Investment Association (KOFIA) Chang Soo Han said that transport infrastructure is an attractive investment field in Vietnam and the acceleration of equitising State-owned enterprises in the country will create brilliant opportunities for RoK businesses.
He said the Vietnam-RoK free trade agreement, which came into effect at the end of 2015, has contributed to expanding the bilateral economic cooperation.
Despite global economic crisis, Vietnam has maintained its average annual economic growth of 5-6 percent, he said, adding that the signing of the Trans-Pacific Partnership (TPP) agreement and the engagement in the ASEAN Economic Community (AEC) have made Vietnam become a big potential investment destination.
The Vietnamese Government is enacting a number of measures to attract foreign financial investment such as removing the foreign ownership limits in the stock market and expanding the equitisation of State-run businesses, which have helped improve the local investment environment, Han noted.
During the event, Vietnamese representatives introduced the key transport infrastructure planning for 2016 - 2020, projects and specific roadmap and opportunities to the Korean investors.
Korean businesses praised the Vietnam’s guidelines and the measures to encourage investment in these areas, and hoped to have a good chance investing in Vietnam, thus contributing to further strengthen economic cooperation ties between the two countries.
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