VN to facilitate South Korean investment

VN to facilitate South Korean investment

The Vietnamese Government has always created the most favourable conditions for foreign investors including those from South Korea, Deputy Minister of Industry and Trade Do Thang Hai said on Wednesday.

The Deputy Minister was speaking at an investment promotion conference in Seoul.

Viet Nam's authorities have organised dialogues with the Korean business community in the country in order to solve their difficulties in a timely manner with regard to administrative procedures, tax and customs, Hai said.

Hai also briefed on Viet Nam's potentials and advantages in attracting foreign investment in many sectors especially food processing.

Details on the country's investment climate, preferential policies as well as some promising projects in food processing were also delivered to over 100 Korean enterprises operating in this sector during the event.

The event, which was organised as part of a four-day trade and investment promotion trip to Korea, was a good opportunity for Viet Nam to call on Korean investment in food processing, a potential industry in the country, the Vietnamese Ambassador to Korea Pham Huu Chi said.

As of June, Korea was Viet Nam's second largest source of foreign investment with 3,827 projects, capitalised at US$31.2 billion with 58.7 per cent of the total coming to the food processing industry. 

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