Home » Vietnam Aims to Boost Economic Ties with South Korean Corporations

Vietnam Aims to Boost Economic Ties with South Korean Corporations

by admin477351
Picture Credit: AI-generated via OpenAI ChatGPT

In a bid to strengthen economic ties and attract high-quality foreign investment, Vietnam’s National Assembly President Trần Thanh Mẫn has engaged with leaders of prominent South Korean conglomerates during his visit to Seoul. These discussions focused on enhancing cooperation in sectors such as high-tech industries, artificial intelligence, semiconductors, energy, and sustainable development. The meetings underscore Vietnam’s strategic emphasis on fostering advanced technology and digital industries.

During his dialogue with Samsung Electronics CEO Roh Tae-moon, Mẫn lauded the company for its significant contributions to Vietnam through investments that have spurred job creation and bolstered state revenue. He urged Samsung to extend its high-tech investments further, aligning with Vietnam’s national priorities in digital transformation, technological innovation, and workforce development. Roh assured that Samsung is committed to supporting Vietnam’s development agenda, notably through its initiatives in smart factories, automation, and skills development.

Mẫn’s discussions with SK Group Chairman Chey Tae-won centered on the expansion of investments in semiconductors, AI, renewable energy, and emission-reduction technologies. He expressed enthusiasm over SK’s proposal for establishing a large-scale AI center in Vietnam and its intentions to invest in energy infrastructure and AI data centers. This potential collaboration marks a significant step in Vietnam’s pursuit of technological advancement and sustainable growth.

In his meeting with LG Innotek CEO Moon Hyuk-soo, Mẫn emphasized the importance of LG Group’s over $10 billion investment in Vietnam, urging the company to enhance cooperation with Vietnamese suppliers while focusing on technology and skill development. LG acknowledged Vietnam’s vital role in its global production network, indicating a promising outlook for deeper collaboration.

Lastly, Mẫn held talks with Lotte Group Chairman Shin Dong-bin, encouraging the company to expand its footprint in smart urban development, infrastructure, tourism, and services. He stressed the importance of accelerating major projects with a keen eye on sustainability, green development, and adherence to ESG standards. These engagements highlight Vietnam’s proactive stance in fortifying its economic partnership with South Korea, particularly within the realms of advanced technology and energy.

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