HN signs cooperative MoUs with Korean investors

29/11/2019

VGP – Under the witness of PM Nguyen Xuan Phuc, Chairman of the Ha Noi municipal People’s Committee Nguyen Duc Chung granted 19 cooperative documents for Korean investors on November 28 in Seoul on the sidelines of the Viet Nam-RoK Business Forum. 

Photo: VGP/Hoa An

The 19 cooperative documents included one investment license, four decisions on investment orientations, and 14 Memoranda of Understanding (MoUs). 

Korean investors planned to pour US$ 15 billion of investment in such areas as industrial urban infrastructure development, green and smart city development, building of shopping centers, hotels, urban agriculture, and high-tech applications.

On this occasion, PM Phuc briefed Korean investors about Viet Nam’s economic achievements and pledged to create every favorable ways for them to do long-term business here, thus contributing to economic growth in both Viet Nam and the RoK. 

The same day, Chung accompanied the Vietnamese PM on meetings with Samsung Vice Chairman, Hyundai Heavy Industries Vice Chairman, and leaders of GS E&C and GS Energy. 

On November 27-28, Chung met with Korean investors to discuss investment environment in Ha Noi, potentials and opportunities for foreign investors here./. 

By Kim Anh