PM promises optimal conditions for Korean investors

The Government of Vietnam always creates favourable conditions for Korean firms to invest in the country, said Prime Minister Nguyen Xuan Phuc at a meeting with Chairman of the Hyosung Group Cho Hyun-joon in Hanoi on Thursday.

The Prime Minister agreed to soon organise a forum to attract more investors from the Republic of Korea (RoK) to Vietnam as suggested by Cho. He praised Hyosung as one of the biggest Korean investors in Vietnam, which has operated many important projects in all three regions of the country. The PM suggested Hyosung join as a strategic investor in Vietnam’s electricity transformer factory and urged the group to pay due attention to environmental protection when carrying out projects. Cho said the Hyosung Group is striving to bring its total investment in Vietnam up to 6 billion USD, adding that the group is planning to invest in electricity projects in Vietnam, particularly by supplying high voltage power transformers which are much sought after.

Source: VOV5