Hanoi is prepared to provide optimal conditions for South Korean businesses seeking to invest and operate in the capital, said Tran Sy Thanh, Chairman of the Hanoi People's Committee.
Speaking at the Hanoi-South Korea Investment and Trade Promotion Conference 2024 in Seoul this week, the chairman said that the city commitment to supporting the business community, including foreign investors, and outlined plans for comprehensive measures to improve the investment climate.
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| South Korean and Vietnamese businesses explore cooperation at a B2B event in Ho Chi Minh City. Photo: VNA |
He highlighted the significance of engaging with foreign partners, particularly major ones, to capitalize on opportunities for mutually beneficial cooperation, particularly with South Korea. The Hanoi authorities recognize South Korea as a vital and reliable partner in this endeavor.
At the event, Yi Joon-ki, Managing Partner of Bae, Kim & Lee LLC, said that Hanoi, as Vietnam's capital and industrial hub, is a key focus for South Korea in strengthening bilateral ties.
He appreciated investment promotion event as a valuable opportunity to boost relationships between Hanoi and South Korean businesses, further boosting economic cooperation between the two countries.
Yi Joon-ki said that Vietnam has emerged as an important partner and an ideal investment destination for South Korean businesses, reinforcing the sustainability of their relationship.
The conference attracted numerous South Korean companies, serving as a platform to enhance Hanoi's reputation and secure investment opportunities while strengthening trade relations with South Korean partners.
On the same day, Hanoi's mayor met with leading South Korean firms, including Lotte Group, Daewoo E&C, Booyoung Group, Charmvit Group, and Logis Valley Group S&D.
Discussions centered on the interests of South Korean investors, facilitating information exchange, and promoting further investment in Vietnam, particularly in Hanoi, with a focus on infrastructure, high technology, and smart urban development.
As of September 2024, Hanoi attracted nearly $12.8 billion in foreign direct investment (FDI) from South Korean investors, mainly in sectors such as real estate, accommodation and food services, manufacturing, wholesale and retail trade, automotive and motorcycle repair, and construction.
Khanh Khanh