On June 23, President Vo Van Thuong hosted Chairman of the Korea Enterprises Federation (KEF) and Chairman of CJ Group Sohn Kyung Shik at a reception in Hanoi. During the event, the host stated that Vietnam supports CJ Group and Korean corporations and businesses in their efforts to invest and expand their operations in the nation in areas where they are strong and where there is a need.
Noi Bai (VNA) – On June 23, President Vo Van Thuong hosted Chairman of the Korea Enterprises Federation (KEF) and Chairman of CJ Group Sohn Kyung Shik at a reception in Hanoi. During the event, the host stated that Vietnam supports CJ Group and Korean corporations and businesses in their efforts to invest and expand their operations in the nation in areas where they are strong and where there is a need.
The President greeted Sohn and the business group that was traveling to Vietnam with President Yoon Suk Yeol of the Republic of Korea (RoK).
He emphasized that trade, investment, and the economy are the main focuses of cooperation between Vietnam and the Republic of Korea. The substantial presence of Korean businesses in Vietnam is a symbol of the promising future of bilateral collaboration in these areas.
For his part, Sohn praised Vietnam as a great place for Korean businessmen to invest. According to him, the RoK President is accompanied by approximately 200 firms and enterprises that are looking for investment possibilities.
He continued by saying that CJ is making investments in transportation, animal farming, and food processing in Vietnam. It also has intentions to grow into the nation’s veterinary pharmaceutical industry. CJ wants to make investments in the growth of the cultural business, including film production in Vietnam, as a major conglomerate in the RoK’s culture and entertainment sector. Additionally, CJ intends to increase food product manufacturing and processing, turning Vietnam into a production center for CJ’s food exports to important markets across the globe and in the region.
Animal husbandry, food processing, and logistics, according to President Thuong, are important and promising fields for Vietnam in the future.
Informing the visitor of the results of his fruitful discussions with RoK President Yoon, Thuong said they both agreed to strengthen bilateral trade and investment cooperation since these sectors still have a lot of room for growth.
The President agreed that CJ should increase his investments in arts and entertainment in Vietnam and thought that Korean culture, particularly music and movies, is akin to Vietnamese culture.
According to him, Vietnam constantly works to enhance the business climate and provide all assistance necessary for Korean investors to do business there.
He hoped that business leaders in Korea would intensify efforts to promote commerce, which would eventually result in more Korean investment in Vietnam./.
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