Deputy Prime Minister Nguyen Chi Dung on July 31 chaired a meeting to review and accelerate foreign direct investment (FDI) projects from South Korean enterprises seeking to invest in strategic sectors in Vietnam such as semiconductors and energy, etc.

Accordingly, Deputy Prime Minister Nguyen Chi Dung emphasized the critical importance of South Korean investment projects in Vietnam’s economic development. The Deputy Prime Minister therefore called on relevant ministries, agencies, and local authorities to reach a consensus on the necessity of these projects, while also reviewing, analyzing, and confirming the legal basis to facilitate their smooth implementation.

Moreover, upcoming projects by South Korean enterprises in Vietnam are expected to generate thousands of direct and indirect jobs. With significant capital investment, these projects will also contribute to realizing the economic cooperation objectives between the two country.

In this spirit of urgency and determination, the Deputy Prime Minister instructed relevant ministries and agencies to intensify engagement with South Korean companies and reach preliminary agreements on key commitments. These include technology transfer, the establishment of research and development (R&D) centers in Vietnam as well as promote the workforce training, and supportive policy frameworks.

Along with that, Vietnamese authorities and localities  must act swiftly to remove investment bottlenecks, creating favorable conditions for Korean enterprises to implement projects effectively and deliver sustainable benefits in Vietnam.

“It is essential to secure clear commitments based on South Korean investors’ proposals, in accordance with Vietnam’s legal regulations, while ensuring a balance of interests among all parties involved,” the Deputy Prime Minister stressed.

Source: VnEconomy