KDB urged to strongly support RoK companies investing in VN

April 18, 2017 | 17:27

(0) user say

PM Nguyen Xuan Phuc has expressed his wish that the Korea Development Bank (KDB) will continue doing successful business in Viet Nam and provide powerful capital support for the Republic of Korea (KDB)’s companies investing in the Southeast Asian country.

PM Nguyen Xuan Phuc receives KDB CEO and Chairman Lee Dong-geol, April 17, Ha Noi, 2017

Addressing his reception for KDB CEO and Chairman Lee Dong-geol in Ha Noi on April 17, PM Phuc spoke highly of the KDB’s effective operation in Viet Nam as well as the bank’s cooperation with the Bank for Investment and Development of Viet Nam (BIDV).

Viet Nam and the RoK have developed a strategic partnership, with the RoK currently being the largest foreign investor in Viet Nam, the government leader said.

He stressed the extreme need for businesses of both sides to strengthen their cooperation and exchange activities, hailing the crucial role played by the banking service in facilitating business relations between the two nations.

The KDB’s presence in Viet Nam has contributed significantly to encouraging more RoK companies to do business in Viet Nam, PM Phuc said, expressing his wish to welcome more RoK firms in the future.

For his part, KDB CEO and Chairman Lee Dong-geol noted that about 5,000 RoK businesses are currently investing in Viet Nam.

The KDB alone has poured approximately US$8 billion in Viet Nam so far, he said, adding that the bank is planning to embark on a number of important investment projects the Southeast Asian country.

Lee appreciated Viet Nam’s economic development prospects, noting that the KDB will exert continued efforts to expand investment ties with Viet Nam, including the BIDV.

He asked the Vietnamese government and PM Phuc to continue creating favorable conditions for the KDB in particular and RoK firms as a whole to do successful business in Viet Nam.

VGP

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional