08/07/2017 07:30 GMT+7 Email Print Like 0

Hoa Lac High-Tech Park lures more RoK investors

Hanoi, July 7 (VNA) – A conference to promote investments from the Republic of Korea (RoK) in the Hanoi-based Hoa Lac High-Tech Park was held on July 7, expected to open cooperation opportunities for Vietnam and the RoK across fields, especially health care. 

Addressing the event, Deputy Minister of Science and Technology Pham Dai Duong said his ministry and the park’s management board have exerted all-out efforts in building infrastructure and completing institutions to create legal corridors and the most favourable conditions for foreign investors, including those from the RoK. 

RoK Ambassador to Vietnam Lee Hyuk said the RoK has become Vietnam’s largest foreign investor, second largest official development assistance (ODA) supplier and third biggest trade partner. 

Meanwhile, Vietnam is the RoK’s fourth largest trade partner, he said, noting that it is time for the two countries to propel their cooperation. 

Nguyen Trung Quynh, deputy head of the park’s management board, briefed participants on investment situation in the area as well as incentives for businesses operating in the park. 

On this occasion, the board handed over investment licences to two projects, including one invested by the RoK, raising the total number of projects in the park to 80 with total registered capital of 61.3 trillion VND (2.7 billion USD). 

The Hoa Lac High-Tech Park now accommodates many Korean businesses like Vietnam-Korea Medical Joint Venture, SDS Company and DT&C Co.,Ltd.