Prime Minister Nguyen Xuan Phuc has expressed his wish that investors from the Republic of Korea (RoK) and the SK Group in particular would continue expanding their business operations in Vietnam.


Prime Minister Nguyen Xuan Phuc (R) and Chairman of the SK Group Chey Tae-won (Source: VNA)

 During a reception in Hanoi on November 8 for Chairman of the SK Group Chey Tae-won, the PM asked the SK Group, a multi-sectoral corporation operating in the fields of energy, telecommunications, information technology, to continue supporting the Vietnamese government’s economic development orientations, especially amid the fourth industrial revolution. 

He said the Vietnamese Government assigned the Ministry of Planning and Investment to study a national strategy, and asked the SK Group to join in the effort. The PM lauded the group’s support for the construction of a national innovation centre, an important part in Vietnam’s industrial revolution strategy 4.0. 

PM Phuc said the Government of Vietnam is stepping up equitisation and divestment in major and effective State-owned enterprises, mostly those working in the spheres of telecommunications, chemicals, processing industry, beverages, aviation and energy. 

The Vietnamese Government always encourages foreign investors, including the SK Group with financial capability, expertise, brand and markets, to join in the process as strategic investors, he said. 

As Vietnam is home to nearly 700,000 enterprises, the PM suggested the SK Group connect Vietnamese small and medium-sized enterprises via its value chain and global market while promoting investment in fields of its strength such as semi-conductors, smart urban development, petrochemicals, oil and gas, renewable energy, energy saving and information technology. 

He went on to say that the Vietnamese Government is working to improve the business climate, thus creating favourable conditions for investors, including those from the RoK. 

Chey, for his part, said the group has launched several new projects in Vietnam, including its investment in Masan Vietnam, and wants to invest in other private groups in the country.

He said the SK Group is interested in Vietnam’s equitised enterprises and those planning for equitisation, environmental protection and social activities in the country. 

The chairman pledged that the SK Group will do its best in business fields in Vietnam, thus contributing to the country’s socio-economic development and lifting bilateral ties. 

He said the group wants to offer ideas for the development of more Vietnamese SMEs so as to reach 1 million firms by 2020, and propose measures to protect the environment and promote environmental treatment technologies in Vietnam.

 

                                     Source: VNA

 

Related Topics


Hoa Binh exhibition features Party formation, development

In mid-May, the provincial Museum organised an exhibition named "Duoi la co Dang Cong san Viet Nam quang vinh” (Under the flag of the glorious Communist Party of Vietnam). This meaningful activity took place in the joyful atmosphere to celebrate the country's major holidays and the Party congresses at all levels for the 2025-2030 term, towards the 14th National Party Congress.

Hoa Binh delegation visits officers, soldiers on Truong Sa, DK1 platform

A delegation from Hoa Binh province led by Colonel Trinh Duc Thiem, Commander of the provincial Military Command, completed a mission to visit and encourage officers and soldiers stationed on Truong Sa and a DK1 platform from May 20 to 26 as part of activities of the Vietnam People’s Navy. The delegation included 12 senior officials from various provincial agencies and units.

Hoa Binh children celebrate President Ho Chi Minh through storytelling and art

Storytelling and painting contests honouring President Ho Chi Minh have been held at the Hoa Binh provincial Youth Activity Centre.

Hoa Binh commends officers joining April 30 military parade

The Hoa Binh provincial People's Committee held a gathering at the provincial Military Command headquarters on May 20 to commend the armed forces that took part in a military parade celebrating the 50th anniversary of the Liberation of the South and National Reunification on April 30.

Hoa Binh province follows Uncle Ho’s teachings

Throughout his revolutionary life, Uncle Ho visited Hoa Binh province four times. He also sent dozens of letters, telegrams, greeting cards, and heartfelt messages to local officials, Party members, and people of all ethnic groups, urging them to remain united, support one another, strive for progress, and actively engage in both production and resistance efforts to build a prosperous homeland.

Hoa Binh focuses on large timber plantation to improve forestry value chain

To unlock the full potential of its forest resources, the standing board of the provincial Party Committee on July 30, 2020 issued a Resolution on the sustainable development of production forests through 2025, with a vision toward 2030.