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South Korean Ambassador visits VET

Released at: 19:19, 03/06/2016

South Korean Ambassador visits VET

Photos: Viet Tuan

Vietnam Economic Times was honored to welcome the new Ambassador of the Republic of Korea, H.E. Lee Hyuk, to its offices on June 3.

by Hoang Thu

The Ambassador of the Republic of Korea to Vietnam, H.E. Lee Hyuk, paid a visit to the offices of Vietnam Economic Times on June 3 to discuss the relationship between Vietnam and South Korea.

It was a great pleasure for Vietnam Economic Times to welcome the Ambassador so soon after his appointment, H.E. Nguyen Phu Binh, former Ambassador of Vietnam to the Republic of Korea, former Deputy Minister of Foreign Affairs, and Deputy Editor-in-Chief of Vietnam Economic Times, said at the official welcome.

Vietnam and South Korea have had a close relationship for many years, Editor-in-Chief Professor Dao Nguyen Cat said. The two countries have many similarities in history, including dealing with losses caused by war. South Korea used to be a poor country but now has one of the strongest economies in the world. “I hope that Vietnam can learn from the experience and achievements of South Korea,” Professor Cat said, and that the solidarity between the two countries will be tightened further.

Expressing his gratitude for the warm welcome, Ambassador Lee Hyuk agreed that the relationship between South Korea and Vietnam is special. “Becoming South Korean Ambassador to Vietnam is my good fortune,” he said, adding that he feels close to Hanoi even though he has only been in the capital for a month.

Vietnam has among the most investment from South Korea in the world. The Vietnamese Government has issued many preferential policies to attract investment, including investment from South Korea. “Vietnamese people are hard working and this is one of the factors attracting South Korean enterprises,” the Ambassador said.

He said he believes Vietnam has potential in developing its economy and hopes that Vietnam Economic Times will feature articles and reports on South Korea and the performance of South Korean enterprises in Vietnam, contributing to promoting economic and trade ties between the two countries.

South Korea and Vietnam have great potential to further promote the relationship and economic ties between the two countries when the Vietnam-Korea Free Trade Agreement (VKFTA) signed last year comes into effect. South Korea ranks first among countries investing in Vietnam, with $888.6 million invested in the first quarter of this year, accounting for 22 per cent of the total, according to figures from the Foreign Investment Agency under the Ministry of Planning and Investment.

There are also wide-ranging people exchanges between two countries. More than 1 million Vietnamese people are employed by South Korean enterprises and 130,000 South Koreans are living and working in Vietnam.

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