Busan bank to open its Vietnamese branch
The Republic of Korea (RoK)’s Busan Bank will open its HCM City-based branch to support Korean investments as well as those from Busan city in Vietnam.
The Korean guest told Minh that Busan and HCM City will celebrate the 20th anniversary of Busan-HCM City twin relationship and Busan leaders’ meeting with Hanoi municipal Committee Chairman Nguyen The Thao aims to dilate on bilateral cooperation.
Hur Nam Sik expressed his hope that the Vietnamese Government will pay attention to and back Korean firms’ operations in Vietnam and pledged his best efforts to help the Vietnamese community in the RoK.
The RoK was Vietnam’s biggest foreign investor in 2013 while two-way trade turnover is on the rise, reaching US$30 billion per annum.
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| Deputy PM and FM Pham Binh Minh (R) welcomes the Busan Mayor |
The Vietnam-RoK strategic partnership is developing finely based on the stronger economic and trade links.
Minh reiterated Vietnam’s willingness to offer the best possible conditions for foreign investors to do business in Vietnam including those from the RoK.
Regarding the signing of a memorandum of understanding (MoU) on the provision of Korean scholarships for Vietnamese students, Minh commended the Korean educational support for Vietnam and the fellowship programme in the context that Vietnam’s priority is being given to developing high-quality human resources to meet requirement for further development.
The Vietnamese FM also spoke highly of the RoK and Busan’s support for the 30.000 Vietnamese community in the country.
Receiving the Busan Governor the same day, Chairman of the Hanoi People’s Committee Nguyen The Thao said the capital city has paid heed to upgrading its infrastructure and intensifying investment attraction.
The RoK and Busan city have poured a huge amount of official development assistance (ODA) and foreign direct investment (FDI) into projects in Hanoi demonstrated by the two tallest buildings managed by Keangnam and Lotte.
Hanoi pledges to create favourable conditions on administrative procedures to receive more big and environment-friendly projects, Thao said.
For his part, Hur thanked municipal authorities for facilitating his city’s businesses.
Busan wants to further boost investment between the two cities, as well as making thorough preparations for its companies attend the 2014 Vietnam International Travel Mart scheduled for Hanoi on April 3-6, he added.
