The Hanoitimes - On September 12, Vice Chairman of Hanoi People’s Committee Ngo Van Quy met with Chairman of the Federation of Korean Industries (FKI) Huh Chang Soo.
Chairman of the Federation of Korean Industries (FKI) Huh Chang Soo affirmed that Vietnam is one of the fastest-growing economies in the Southeast Asian region, coupled with political stability, sufficient infrastructure, high-quality human resources, large consumption market and great potential for long-term development. And these are the reasons South Korea companies want to invest in Hanoi.
The chairman of FKI stressed that information and communication technology, heavy industry and high technology are the fields South Korea companies are interested in and hope to invest in Hanoi.
Vice Chairman of Hanoi People’s Committee Ngo Van Quy met with Chairman of the Federation of Korean Industries (FKI) Huh Chang Soo. Photo: Ha Phuong
South Korea companies are fully able to help Vietnam in general and Hanoi in particular catch up with the Fourth Industrial Revolution, he affirmed, adding South Korea firms wanted Hanoi authorities to help them accelerate and broaden their investments in the city.
For his part, Vice Chairman of the Hanoi People’s Committee Ngo Van Quy briefed his guests on Hanoi's socio-economic performance. In recent years, Hanoi has recored an average annual economic growth of 7.5%, its rate of trained workers stands at 62%. He also spoke highly of the cooperation and investment by South Korean companies in the city.
Quy affirmed that attracting foreign investment is a prominent point of Hanoi, escecially from South Korea, who is the third largest foreign investor in the city. He expressed hope to see more South Korean investments in Hanoi, especially in the fields of transport infrastructure, public transport, environment treatment, health care, education, high-tech and environment-friendly agricultural production, and human resources training to meet requirements of the Fourth Industrial Revolution.