RoK investors hoped to be strategic partners in VN’s SOE equitisation

 As investors from the Republic of Korea (RoK) have financial strength, management experience and high technology, Vietnam wants them to actively take part in and become strategic partners in the equitisation and divestment of State capital from State-owned enterprises (SOEs).  
TIN LIÊN QUAN
rok investors hoped to be strategic partners in vns soe equitisation PM highlights fruitful Vietnam-RoK relations
rok investors hoped to be strategic partners in vns soe equitisation RoK ambassador awarded Vietnam’s friendship medal

Finance Minister Dinh Tien Dung made the remark in an interview given to Vietnam News Agency on the sidelines of an investment promotion conference in the RoK on April 18.

rok investors hoped to be strategic partners in vns soe equitisation
Finance Minister Dinh Tien Dung (L) gives an interview to the Vietnam News Agency on the sidelines of an investment promotion conference in the RoK on April 18. (Photo: VNA)

He said the Vietnamese Government recognises the role of foreign investors, including those from the RoK.

The RoK investors’ participation in the equitisation and divestment will help improve the quality of economic restructuring in Vietnam. It is expected to promote the effectiveness of the governance and use of capital at SOEs in the country, he added.

The minister said the fields that Vietnam wants to attract RoK investment in should be the ones both sides are strong at and can contribute to the two economies’ prosperity like heavy industry, oil refining and petrochemistry, high technology, electronic and consumer product manufacturing, and infrastructure and real estate development.

Vietnam highly values RoK investors’ advantages in capital, technology and governance. It hopes that aside from direct investment, they will also step up indirect investment so as to materialise the statement of the two countries’ leaders during a visit to Vietnam by RoK President Moon Jae-in last March.

The RoK is currently the biggest investor in Vietnam with 59 billion USD of direct investment and over 3 billion USD of indirect investment. Samsung projects in Thai Nguyen province, Bac Ninh province and Ho Chi Minh City, Kaengnam and Lotte buildings, and the Starlake residential area in Ha Noi are considered examples of successful investment cooperation between the two countries.

rok investors hoped to be strategic partners in vns soe equitisation Vietnam values strategic cooperative partnership with RoK

Vietnam attaches special importance to developing its strategic cooperative partnership with the Republic of Korea (RoK), Deputy Prime Minister and Foreign Minister Pham Binh Minh ...

rok investors hoped to be strategic partners in vns soe equitisation RoK food firms moving to Vietnamese market

The Republic of Korea's distribution and food processing companies are shifting to Vietnam from China amid tougher business conditions and strained bilateral relations in the ...

rok investors hoped to be strategic partners in vns soe equitisation Vietnam, RoK delighted at progress of bilateral ties

Chairwoman of the National Assembly Nguyen Thi Kim Ngan met with President Moon Jae-in of the Republic of Korea in Hanoi on March 23 during ...

(Source: VNA)