Monday, 18 Dec 2017

PM Phuc encourages RoK firms to invest in Vietnam

Updated at Tuesday, 18 Apr 2017, 15:00
The Hanoitimes - On April 17, during the reception for KDB CEO and Chairman Lee Dong-geol in Hanoi, Prime Minister Nguyen Xuan Phuc has expressed his belief that the Korea Development Bank (KDB), with its prestige, scale and experience in the Republic of Korea (RoK), would continue encouraging more RoK firms to invest in Vietnam.

The Prime Minister spoke highly of KDB’s expansion of cooperation with commercial banks in Vietnam as well as its continued implementation of investment projects in the country. 

He stressed Vietnam and the RoK have enjoyed a close relationship in various fields such as politics, diplomacy, economy, investment, trade and banking, adding that RoK-invested projects have been successfully carried out in Vietnam.

Vietnam expects to welcome more RoK enterprises, PM Phuc said, noting that this would create favourable conditions for the KDB to expand operations in the country.

Lee informed his host that the KDB has so far invested about 8 billion USD in Vietnam and the bank is planning to embark on a number of projects in the coming time.

He highly evaluated Vietnam’s potential for economic growth and affirmed that the KDB wants to contribute more to Vietnam’s socio-economic development.
Translated by Tuan Minh
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