Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on December 27 for Choi Young Joo, President of the Republic of Korea-Vietnam Friendship Association and Chairman and CEO of the Panko Corporation.  

Prime Minister Nguyen Xuan Phuc (R) welcomes Choi Young Joo, Chairman and CEO of the Panko Corporation

Lauding Panko for its garment and textile projects in central Vietnam, PM Phuc affirmed that Vietnam will create all favourable conditions for foreign investors, including those from the RoK.

He asked the guest to continue supporting and promoting cooperation between RoK and Vietnamese businesses.

Several direct air routes connecting the two countries’ localities to be opened in the time ahead will facilitate collaboration between businesses, thus contributing to boosting bilateral trade and people-to-people exchanges, he added.

The Vietnamese Government leader expressed his hope that the Panko Corporation will expand its investment in Vietnam.

As Vietnam is seeing a trade deficit with the RoK, business and production activities of RoK enterprises in Vietnam such as Panko will help balance bilateral trade, he stressed.

Choi said that his corporation plans to expand investment in hi-tech agriculture in mountainous areas in Vietnam’s central region.

Panko will use advanced technologies in projects in Vietnam, and continue calling on other businesses to pour capital into the country, he affirmed.-VNA