Log in
Hanoi

Vietnam among ASEAN's highest highest socio-economic growth: FKI Chairman

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.
 
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
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
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.
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.
Reactions:
Share:
Trending
Most Viewed
Impressive growth of Hanoi economy in Q1 2025

Impressive growth of Hanoi economy in Q1 2025

Hanoi seals strategic investment ties with Australia at high-level visit

Hanoi seals strategic investment ties with Australia at high-level visit

Pho Festival 2025: Celebration of Hanoi’s iconic dish

Pho Festival 2025: Celebration of Hanoi’s iconic dish

Hanoi approves construction of US$600 million Tu Lien Bridge

Hanoi approves construction of US$600 million Tu Lien Bridge

Breathtaking transformation of Hanoi's leaf-changing season 

Breathtaking transformation of Hanoi's leaf-changing season 

Hanoi tightens management of conditional businesses

Hanoi tightens management of conditional businesses

Hanoi celebrates Vietnam's ethnic diversity

Hanoi celebrates Vietnam's ethnic diversity

THE HANOI TIMES —The Vietnam Ethnic Village of Culture & Tourism, located in the suburbs of Hanoi, will host a series of events under the theme “Cultural Colors of Vietnamese Ethnic Groups.”

Cultural heritage celebrated at thousand-year temple in Hanoi 

Cultural heritage celebrated at thousand-year temple in Hanoi 

THE HANOI TIMES — The traditional commemoration of the passing of Genie Huyen Thien Tran Vu was held on March 31 at Quan Thanh Temple, a special national relic built in the 11th century in Hanoi's Ba Dinh District.