(MPI) - Minister Nguyen Chi Dung received Chairman of the Korea Federation of Small and Medium Enterprises (KBIZ) Kim Ki-mun on July 21, during which he asked KBIZ to support Vietnamese businesses to participate in value and supply chains with those from Republic of Korea (RoK), for mutual benefits and development.
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Minister Nguyen Chi Dung (right) and KBIZ Chairman Kim Ki-mun. Photo: MPI |
Minister Dung said in addition to the efforts of Vietnamese businesses and effective policies, mechanisms of the government, it is crucial for Vietnam to cooperate with foreign businesses, including RoK through KBIZ to participate in value and supply chains, especially in supporting industries.
He hoped KBIZ will continue to promote RoK small and medium enterprises (SMEs) to further invest in Vietnam and connect the two countries’ businesses. It is also anticipated to become bridge to boost cooperation between Vietnam and RoK, towards the 30th anniversary of the Vietnam-RoK diplomatic ties (1992-2022). The Government of Vietnam and the Ministry of Planning and Investment will accompany and support RoK businesses to do business in Vietnam, the minister noted.
A majority of Vietnamese firms are small and medium sizes but most of them have limited capacity in terms of technology, management, human resource training; while RoK enterprises have advantages and are joining global and supply chain. Vietnam looks for RoK’ support and cooperation in human resource training, technology transfer and coordination with large corporations to join the global and supply chain, bringing benefits for both sides, the minister said.
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Photo: MPI |
For his part, Kim Ki-mun thanked Minister Dung for taking time to welcome the delegation and said KBIZ has coordinated with relevant Vietnamese agencies to establish the Vietnam-RoK SME Exchange Support Center to encourage RoK businesses investing in Vietnam. He hoped that RoK firms will receive support from the MPI to deeply participate in the Vietnamese market.
He noted, the KBIZ Vietnam Federation of Korea SMES (KBIZ-VN) will organize the Vietnam-Korea Investment Forum at the end of 2022 and hopes Minister Dung will attend and exchange views on Vietnam’ opportunities and potentials.
The two countries’ businesses will make an important contribution to strengthening the Vietnam-RoK relationship. Minister Dung affirmed that the Vietnamese Government and the MPI will continue to attract foreign investment and offer high incentive mechanisms to enhance the competitiveness of enterprises./.
Bao Linh
Ministry of Planning and Investment