Pham Minh Chinh confirms interest in expanding investments in Seoul

On the fourth and final day of his official visit to South Korea, the Vietnamese Prime Minister met, among others, with the leader of the CJ Group, Son Kyung-sik, an entity that arrived in Indochina in 1998 to make a comprehensive investment of $1 million and currently has 24 companies.

Minh Chinh suggested to his interlocutor to choose Vietnam as a strategic market, especially in the fields of food processing, logistics, entertainment, culture and biotechnology, and integrate more local products into its global supply chain.

Meanwhile, the Vietnamese Prime Minister, during his meeting with POSCO Group CEO Chang Enh Hoa, noted that his country prioritizes the development of economic sectors that provide high value, especially emerging industries such as semiconductors, artificial intelligence, big data and biotechnology.

According to Zhang, it is in his company’s interest to expand cooperation and investment in Vietnam in these new fields, as well as the LNG power plant.

The prime minister also spoke with LG Display CEO Jeong Cheol-dong, an entity that has already invested more than $5 billion in the Southeast Asian country, and with leaders of Daewoo E&C, Celltrion and GS Engineering and Construction, among others.

In the case of GS Engineering & Construction, group chairman Hu Yun-hong has expressed interest in participating in projects to build smart urban areas with a focus on IT parks concentrated in semiconductor industries and cutting-edge startups.

Meanwhile, Minh Chinh also attended on Wednesday the 30th anniversary celebration of the opening of direct flights of Vietnam’s national carrier to South Korea, an occasion at which a welcoming ceremony was also held for the 15 millionth passenger.

The Prime Minister there highlighted the comprehensive strategic partnership between Vietnam and South Korea, which features political trust, economic complementarity and a shared aspiration to build a prosperous country and a happy people, among other aspects.

The Vietnamese Prime Minister held official talks the previous day with his counterpart Han Duck-soo and also met with South Korean President Yoon Suk-yeol, who said Minh Chinh’s stay in Seoul would contribute to strengthening the action plan for implementing the comprehensive strategic partnership between the two countries.

Pham Minh Chinh’s official visit is the first by a high-ranking Vietnamese official to South Korea since the partnership was established in December 2022.

Poem / mpm