May 23, 2023 | 07:00:00 GMT+7 | Weather 19°
Follow us:
70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Oct 16, 2018 / 12:22

Hanoi wishes to enhance economic cooperation with Seoul: Official

Vietnam’s capital has had valuable experiences in cooperation in many fields with South Korea’s Seoul, with a view to serving the socio-economic development.

Hanoi always wishes to enhance economic cooperation with Seoul, said Standing Vice Chairman of the Hanoi People's Council Nguyen Ngoc Tuan at the reception for a delegation led by Kim Yong-Seok, leader of the Democratic Party, member of the Seoul City Council.

Tuan noted that Hanoi in the past nine months has achieved positive results in economic development, especially GDP growth, exports, FDI attraction and foreign tourist arrivals, of which South Korean visitors accounted for a large percentage.
 
Standing Vice Chairman of the People's Council Nguyen Ngoc Tuan took photo with the Seoul City Council’s delegation
Standing Vice Chairman of the People's Council Nguyen Ngoc Tuan took photo with the Seoul City Council’s delegation
South Korea is currently Vietnams’ largest foreign investor and second largest ODA donor as well as trade partner. However, South Korea's investment flow to Hanoi is still modest, being just the 3rd among partners, Tuan said.

He added that many South Korean corporations are doing effective business in Vietnam. At present, there are 160,000 Vietnamese people living and studying in South Korea and 150,000 South Korean people living and working in Vietnam.

Mr. Kim Yong-Seok, who is the leader of South Korea’s Democratic Party, plays a very important role in the country, so the Hanoi People's Council expects him and the Seoul City Council’s delegation to intensify the relationship between the two nations as well as the two cities, Tuan stressed.

He hopes that the Seoul City Council will continue to have policies to encourage and support South Korean businesses to invest in Hanoi, especially in their potential fields such as infrastructure, urban planning, culture, education and training, environment.

In particular, the standing vice chairman of the Hanoi People's Council expects that the two city councils will exchange more experiences in order to increase the quality of their activities.

For his part, Kim Yong-Seok emphasized that this visit is a very meaningful activity to promote the friendship between the two cities since Seoul formed a brotherhood bond with Hanoi two years ago.

He said Hanoi not only keeps the history of thousands of years but also is a representative city for ASEAN diversification, is a dynamic city. Over the past few years Hanoi has cooperated with numerous construction and finance companies of South Korea, he added. 

Recently, the two countries as well as the two cities have exchanged experience in various fields, especially in the field of sports, especially football that is promising, Kim Yong-Seok noted.

He stressed that not only the two cities but also both South Korea and Vietnam will have exchanges in all fields will strengthen the bilateral friendship. 

Kim Yong-Seok expressed hope that this visit will further promote the good relationship between the two countries.