South Korean firms invited to invest in public infrastructure

Vietnam has high demand for public infrastructure investments and this is an opportunity to attract South Korean investors, according to Deputy Prime Minister Trinh Dinh Dung.

Deputy Prime Minister Trinh Dinh Dung (right) receives Choi Jeongho, Vice Minister for Transport of the Ministry of Land, Infrastructure and Transport of Korea in Hanoi on March 15.

The Government Office announced that Deputy Prime Minister Trinh Dinh Dung had met with Choi Jeongho, Vice Minister for Transport of the Ministry of Land, Infrastructure and Transport of Korea on March 15.

Dung said at the meeting that the strategic partnership between Vietnam and South Korea is seeing positive development in various fields, especially in economics. Dung expressed gratitude to the South Korean government and related agencies that helped Vietnam develop public infrastructure.

According to the Ministry of Transport, South Korea is Vietnam's second largest investor in transport, behind Japan. Many projects done by South Korean investors have had positive effects.

Dung went on to say that in the coming time, Vietnam would have high demands for building and upgrading public infrastructure such as the North-South highway, seaports and airports. Dung suggested that the South Korean Ministry of Land, Infrastructure and Transport should encourage firms to research and invest in Vietnam.

Choi Jeongho agreed that infrastructure development had a lot of room for investment and for Vietnam and South Korea to deepen co-operation. Currently, South Korea is preparing to implement a financial aid package for several key fields in Vietnam including road transportation, urban and high-speed train and energy.

He confirmed that the Ministry for Transport of the Ministry of Land, Infrastructure and Transport would encourage firms to go and find business opportunities in Vietnam. South Korea is also willing to share experience in attracting PPP investments for public infrastructure.

On the same day, Dung also met with Alfred J. DiMora, founder of Dimora Enterprises, LLC. Dung welcomed the fact that Dimora Enterprises, LLC is interested in car assembling and producing in Vietnam.

Dung said Vietnam's automobile industry had potential with high growth rate. He hoped investors would conduct market surveys before considering investment.

Source Dtinews