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Republic of Korea eyes Vietnamese potential   2008-10-02 - VNA

Vietnam will continue to be a potential and sustainable market for investors and businesses from the Republic of Korea (RoK), an official of the Vietnam Chamber of Commerce and Industry told a meeting Thursday.



The meeting in Hanoi, jointly held by the VCCI and the Seoul Businesses Association, aimed to seek further opportunities for cooperation between Vietnam and enterprises from the RoK.

Deputy head of the VCCI’s International Relations Department, Pham Quang Thinh said he believed the association would increase the number of businesses from the RoK wishing to invest in Vietnam and import its products. This would contribute to promoting better trade relations and investment, he said.

Thinh said the prospects of improvements to the two countries’ cooperation were excellent.

The RoK is one of Vietnam’s leading partners and its cooperative and trading relationship with Vietnam has been steadily developing over recent years.

In the first six months of 2008, the RoK exported US$3 billion of goods to Vietnam and imported $1 billion from the Southeast Asian nation.

By the end of 2007, out of 55 countries and territories, the RoK was the number one investor in Vietnam, with total registered capital of $5.3 billion.

The Korean delegates attending the meeting included executives from online gaming software, security and pharmaceutical companies.

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