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S Korea tops foreign investor list

Nov 14th at 12:58
14-11-2012 12:58:27+07:00

S Korea tops foreign investor list

The Republic of Korea (RoK) has the largest number of investment projects among foreign investors in Ha Noi, with 636 developments worth more than US$3.5 billion.

RoK businesses mainly invest in hotels and office and urban area building.

At a meeting in Ha Noi on Monday with Choi Yong Joo, Chairman of the RoK-Viet Nam Friendship Association, Vice Chairwoman of the Ha Noi People's Committee Nguyen Thi Bich Ngoc said that economic co-operation between the RoK and Viet Nam - and particularly Ha Noi - has become more and more fruitful.

She asked for further support and a sharing of expertise from the RoK, especially in reducing traffic congestion, developing technology and the building of an e-government.

Since 1996, a number of co-operation agreements have been agreed between Ha Noi and Seoul to step up their economic links.

Notably, the RoK aided $4.3 million to making a development plan for an area along the two banks of the Red River in Ha Noi.

Ha Noi has also created favourable conditions for many RoK businesses to operate in the city, including Keangnam, Chamvit and Posco

vietnamnews

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