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Sep 11, 2017 / 18:20

Vietnam makes use of South Korea's development ODA

Minister of Planning and Investment Nguyen Chi Dung has visited South Korea to attend a celebration of the Korea Economic Development Cooperation Fund (EDCF)’s 30th founding anniversary.

At the event, on behalf of the fund’s beneficiaries, Dung delivered a speech on how Vietnam has used international funding to fuel economic growth over the past 30 years. He also put forth a number of measures to optimize the usage for improved outcomes. 

While in the South Korea, the minister had a series of meetings with Minister of Foreign Affairs Kang Kyung-wha, leaders of the Ministry of Strategy and Finance, and representatives of the Korea International Cooperation Agency and Export–Import Bank of Korea.
Minister of Planning and Investment Nguyen Chi Dung made speech at the celebration
Minister of Planning and Investment Nguyen Chi Dung made speech at the celebration. Photo: TTXVN

At these meeting, discussions focused on measures to boost bilateral investment and trade, and effectiveness of the employment of official development assistance (ODA) and foreign direct investment (FDI) capital.

As part of his visit, Minister Dung chaired two dialogues with top South Korea companies, which were interested in the Vietnamese market. The RoK businesses urged continued improvement of business climate in Vietnam and stressed their intention to further expand operations in the country.

Dung also held separated receptions for leaders of Samsung, LG, Huyndai Motor, and Lotte, among other RoK groups, who stated they considers Vietnam a strategic market and are committed to helping Vietnamese firms be part of their supply chains in the future.