Korea set to become the largest foreign investor

Hanoi (VNA) - The Republic of Korea (RoK) is set to become the largest
foreign investor in Vietnam once a number of RoK-funded projects receive
approval, according to a local official.

Since Vietnam and the RoK established their diplomatic ties in 1992,
two-way trade has grown steadily, said Deputy Minister of Planning and
Investment Nguyen Chi Dung at a seminar held in Hanoi on Nov. 13 to call
for an increase in RoK investment flow into the central province of Thua
Thien-Hue .

The RoK now ranks fourth in terms of registered capital committed to
investments in Vietnam , but leads the way in sheer volume of projects,
with 2,104 projects totalling 16 billion USD.

RoK Ambassador to Vietnam Hong Tae-ion said that the workshop has helped the
RoK businesses to better understand the Southeast Asian country's investment
incentives as well as its investment opportunities.

Participants were regaled with the potentials, strengths and benefits of
investing in Thua Thien-Hue province.

The event was co-organised by the Vietnam Chamber of Commerce and
Industry, the Ministry of Planning and Investment, the People's Committee of
Thua Thien-Hue province, and the RoK Embassy in Vietnam.-Enditem