VN, RoK promote business, investment network

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VOV News English - 47 month(s) ago 14 readings 1 duplicate news

(VOV) - The Korea Trade-Investment Promotion Agency (KOTRA) will hold a conference on business and investment networks between Vietnam and the Republic of Korea (RoK) in early March.

The conference will focus on three major issues: orientation and policy for economic development in Vietnam in the next 5 years, plans for infrastructure development and key projects and the investment environment in Vietnam-preferential policy and opportunity.

Over the past years, the RoK is always Vietnam’s important trade partner. The two countries have established Vietnam-RoK Trans-Government Committee on Economic Cooperation and organised regular meetings to boost bilateral economic cooperation.

Leaders of both countries have agreed to raise the two-way trade turnover to over US$20 billion by 2015 and improve the trade balance. To achieve this goal, Vietnam and the RoK will have to obtain an annual average trade growth of 15 percent in the 2010-2014 period.

Recently, RoK investors have turned from investing in labour intensive industries to the sectors that require large amounts of capital such as infrastructure construction, electricity and electronics and retailing.

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