Hanoi will create all best possible conditions for investors from the Republic of Korea (RoK) to invest in Hanoi as well as for 50,000 RoK citizens living in the Vietnamese capital, said Chairman of the municipal People’s Committee Nguyen Duc Chung.

Chairman of the municipal People’s Committee Nguyen Duc Chung(R) and Special Envoy of the RoK President and Mayor of Seoul Park Won-soon

Talking to Special Envoy of the RoK President and Mayor of Seoul Park Won-soon at a meeting in Hanoi on May 26, the Hanoi leader congratulated the RoK on having a new President, believing that under the new President’s leadership, the relations between the two countries and between Hanoi and Seoul in particular will be lifted to a new height. 

He called on RoK investors to expand their investments in Hanoi and Vietnam in general, especially in urban and transport infrastructure development, and tourism. 

Hanoi hopes to receive support in administrative reform, e-Government building, and start-up models for the youth, Chung said. 

For his part, Park Won-soon underlined the need to foster comprehensive collaboration in urban development between the two capitals, adding that Seoul is willing to share its experience with Hanoi in this field. 

He agreed on a plan to organise a Hanoi gala night in Seoul and vice versa. 

The guest took the occasion to invite Chairman Chung to visit Seoul in the coming time, in order to seek measures to boost cooperation in the fields of mutual concern such as urban development, planning, education, tourism, and start-up. 

There are about 1,200 RoK firms operating in Hanoi with total registered capital of 5.88 billion USD, taking the lead among foreign direct investors in the capital.

VNA