City party leader encourages South Korea to become top investor

Secretary of the Ho Chi Minh City Party Committee Dinh La Thang yesterday said that the city would create favorable conditions for South Korea to become the top investor in the city as per commitment by its Consul General to HCMC.

Secretary Dinh La Thang meets Korean firms at the South Korea-Vietnam Business Forum in South Korea on September 9 (Photo: SGGP)

He made the statement while talking to nearly 100 Korean businesses at the South Korea-Vietnam Business Forum yesterday.

The seminar was organized within the framework of a week long visit to South Korea by the city’s high level delegation led by the secretary from September 7-14.

Citing the consul general’s commitment that South Korea would rise to the top investor during his term of office in HCMC, Mr. Thang said that the current position of the fourth largest investor was humble compared to the huge potential between Vietnam and South Korea and the goodwill of their enterprises. 

He urged the two sides to make greater efforts to gain the target, in which businesses play a particularly important role.

Korean firms were supplied with information about HCMC’s investment policies and projects calling for investors at the forum which was organized by the South Korean Consulate General in HCMC, the city Department of Planning and Investment, the Department of Foreign Affairs, the HCMC Investment and Trade Promotion Center and the Korea Venture Business Association (KOVA).

Four cooperation memorandum of understandings were signed between HCMC and Korean firms in fields chemical industry, food processing, support industry and infrastructure construction.

At the event, Secretary Dinh La Thang expressed his pleasure to see the broad participation of businesses at the event, showing Korean firms’ interest in Vietnam’s investment environment and HCMC firms’ goodwill and activeness in boosting cooperative operations with South Korea.

According to Mr. Thang, HCMC is striving its best to steadily hold the city’s position of the country’s driving force and continue leading the southern region’s development and play the role as motivation for national strategic targets.

The secretary works with GS Group in South Korea on September 9 (Photo: SGGP)

Our bigger aspiration is to regain the city’s position of a large hub in economics, finance, commerce, science-technology in Southeast Asia,” he said.

On the way to reach its targets, HCMC always welcomes foreign investors, facilitates their operations and consider their successes as the city’s, he affirmed.

On the same day, Mr. Thang met leaders of seven large groups in South Korea including CJ,  Hyosung, GS, Lotte, Hanwha, E-mart and Samsung, who reported to him on their scales and performance in Vietnam.

Estimating Korean businesses to be one of the most successful foreign investors in Vietnam, Mr. Thang pledged further favorable conditions for them as per the spirit of agreements reached during the talks between during the talks between General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Rok president Park Geun-hye as well as senior leaders of the two countries.

He wished them further successes and hoped them to make practical contributions to the development of Vietnam and the friendship relationship between the two nations via more cooperative projects.

By Hong Hiep – Translated by Hai Mien

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