The General Secretary of the Communist Party of Viet Nam Nguyen Phu Trong affirmed that Viet Nam will continue to create favourable conditions for foreign investors, including those from the Republic of Korea (RoK), to run their operations in Viet Nam smoothly.

At the ceremony (Source: VNA)

The Party chief made this remark in Seoul on October 1 during a ceremony to grant the Samsung Group its investment licence to build a 1.4 billion USD electronics production factory in Ho Chi Minh City’s Saigon Hi-Tech Park, which is scheduled to become operational by 2016.

He said that due to the political determination of the two countries and the support of their peoples and business communities, bilateral cooperation between Viet Nam and the RoK had grown in all fields.

Praising the efficiency of Samsung’s operations in Viet Nam, he said he hoped the Samsung Group would continue to expand its investments in Viet Nam into new areas for mutual benefit.

Samsung representatives thanked the Vietnamese side for its support, which enabled the group to implement its projects in the host country in an effective manner.

On the same day, the Party leader also met with the heads of the RoK’s Keangnam Group, praising their contributions to Vietnam’s development with numerous large-scale projects.

Also on October 1, Party General Secretary Nguyen Phu Trong, who is on a four-day state visit to RoK, visited the Vietnamese Embassy in Seoul and met with members of the Vietnamese community.

(Source: VNA)