Log in
Hanoi

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.
Reactions:
Share:
Trending
Most Viewed
OCOP exhibition in Hanoi's pottery village connects tourism with handicraft products

OCOP exhibition in Hanoi's pottery village connects tourism with handicraft products

The event is part of a broader series boosting tourism-oriented One Commune One Product (OCOP) development in the capital city.

Hanoi to build Tran Hung Dao Bridge under PPP model

Hanoi to build Tran Hung Dao Bridge under PPP model

The bridge is scheduled for completion by 2027 with an estimated total investment of VND16.2 trillion (US$615 million).

Hanoi launches seven major infrastructure projects to reshape urban growth and connectivity

Hanoi launches seven major infrastructure projects to reshape urban growth and connectivity

The projects, spanning urban renewal, transport, sports and social housing, underscore Hanoi’s ambition to build a modern, connected and livable city while contributing to national growth momentum.

Air pollution control in Hanoi hinges on correct diagnosis, experts warn

Air pollution control in Hanoi hinges on correct diagnosis, experts warn

Air quality must be viewed as a long-term and costly challenge rather than a problem that can be solved quickly.

Noi Bai International Airport expands terminal T2 to ease congestion, boost capacity

Noi Bai International Airport expands terminal T2 to ease congestion, boost capacity

The Hanoi-based airport has officially completed the expansion of Terminal T2, raising passenger capacity and rolling out advanced digital systems to ease congestion and improve service ahead of peak holiday travel.

Design of To Lich River Park highlights Hanoi's ecology and culture

Design of To Lich River Park highlights Hanoi's ecology and culture

The riverside park project is expected to become a green belt that helps restore ecosystems and improve living conditions for the capital.

Historic pottery exhibition traces shared cultural journey from Thang Long to Phu Xuan

Historic pottery exhibition traces shared cultural journey from Thang Long to Phu Xuan

A new thematic exhibition in Hanoi brings together centuries-old pottery from the former capitals of Thang Long and Phu Xuan, highlighting shared cultural roots and the enduring legacy of Vietnam’s ceramic traditions.

Hanoi artists promote eco-friendly art experiences for children

Hanoi artists promote eco-friendly art experiences for children

Unlike academic classes that are heavily focused on technique, Malena's Dream Canvas encourages spontaneity in creativity to nurture and protect the soul, also known as art in sanctuary, where each person is allowed to explore, share, heal and live fully with their passion.