Thursday, 17 Oct 2019
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South Korea grants Vietnam US$5.5 million for building investment data

Updated at Friday, 29 Mar 2019, 14:08
The Hanoitimes - The project aims to build a national database on foreign investment in Vietnam and Vietnamese investment abroad, serving as a basis for the formulation and execution of policies on foreign investment of Vietnam.
South Korea has decided to give US$5.5 million in non-refundable aid for a project to upgrade and develop the national information system on investment of Vietnam, local media reported.
The Vietnamese Ministry of Planning and Investment and the Korea International Cooperation Agency (KOICA) on March 28 kicked off the project, consisting of three main components which are consulting, system building and project management.

 
The project "Upgrading and developing the national information system on investment" kicked off on March 28. Photo: Nhan Dan
The project "Upgrading and developing the national information system on investment" kicked off on March 28. Photo: Nhan Dan
The project aims to build a national database on foreign investment in Vietnam and Vietnamese investment abroad, serving as a basis for the formulation and execution of policies on foreign investment of Vietnam.
Additionally, the project is expected to integrate and share data with other national information systems and develop search and analysis engines.
Deputy Minister of Planning and Investment Vu Dai Thang affirmed that the project is a significant contribution to e-government and strengthening administrative reform, Tien Phong newspaper reported.
KOICA Country Director for Vietnam Kim Jinoh said that this is one of the priority projects in implementing South Korea's New Southern Policy, which identifies Vietnam as a key partner.
In its national cooperation strategy with Vietnam in 2016 – 2020, South Korea gives priority to four fields namely transportation, public administration, health management, education and training.
The above-mentioned project belongs to the field of "Public administration governing", which is the second priority field of Korea’s support.
Mai Loan
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