On the morning of July 3, the last working day of his visit to Korea, Prime Minister Pham Minh Chinh spent time meeting with leaders of large Korean corporations and enterprises.
Investment strategy for urban areas in Vietnam
Receiving Mr. Jung Won Ju, Chairman of Daewoo E&C Group and Chairman of the Korea Housing Construction Association, Prime Minister Pham Minh Chinh thanked the group for its investment in Vietnam.
Daewoo E&C is a multinational corporation, operating in the fields of construction, engineering, construction management and real estate development business.
Mr. Jung Won Ju said Daewoo plans to build a second new urban area in Thai Binh , thereby proving that the company not only wants to seek profit but also wants to bring Korean businesses to Vietnam, attracting investment to other localities in Vietnam.
“Investing in new urban areas is also Vietnam's long-term strategy in the coming time,” Prime Minister Pham Minh Chinh emphasized.
Commenting on this plan, the Prime Minister said “this is a wise choice” because Thai Binh is developing very quickly, with a coastal route connecting to Hai Phong and a highway connecting to Nam Dinh and Thai Binh.
Government leaders also hope that the group will develop green urban areas in Vietnam in the direction of "villages in cities, cities in villages".
Meeting with Prime Minister Pham Minh Chinh, Mr. Huh Yoon Hong, Chairman of GS Engineering & Construction Group (GS E&C), said that in Vietnam, the group has been implementing many real estate projects such as Nha Be new urban area, Long Binh urban area, Thu Thiem; deploying Metro line No. 1 Ben Thanh - Suoi Tien; building a number of roads in Ho Chi Minh City, Hanoi - Hai Phong expressway...
Prime Minister Pham Minh Chinh encouraged the group’s plan to invest in new projects to train high-tech startups in urban areas. He affirmed that the Vietnamese Government will accompany and support the group to develop real estate projects and build infrastructure in Vietnam effectively.
Receiving Mr. Sohn Kyung Sik, Chairman of CJ Group and some senior leaders of the Group, the Prime Minister congratulated CJ on its good business in Vietnam. He hoped that the Group would continue to expand its investment in Vietnam in a more quality direction in the coming time.
Next, Prime Minister Pham Minh Chinh received Mr. Chang In Hwa, CEO of POSCO Group. This is one of the top 5 businesses in Korea with revenue of 59 billion USD in 2023.
POSCO Group CEO said that in addition to iron and steel, the group is cooperating with a number of Vietnamese companies that have rare earths and hopes to receive support in exploiting and investing in this field.
Sharing about the issue of concern to the group, Prime Minister Pham Minh Chinh directed towards developing clean energy with new technology to reduce carbon emissions.
Regarding rare earth mining, the Prime Minister said that major countries are now interested. He encouraged businesses to innovate technology to minimize environmental impacts and improve efficiency. “Rare earth is abundant but must be mined sustainably,” the Prime Minister noted.
Proposal to build LG research and development centers in Vietnam
Receiving Mr. Kang Seoghoon, Chairman and CEO of KDB Bank and bank leaders, Prime Minister Pham Minh Chinh acknowledged that KDB has provided capital for large Korean corporations to invest in Vietnam.
Mr. Kang Seoghoon expressed his impression that Prime Minister Pham Minh Chinh is the one who leads the impressive development of Vietnam's economy. He also shared his investment plan for semiconductor and high-tech enterprises in Vietnam in the future.
Receiving Mr. Cheoldong Jeong, CEO of LG Display, Prime Minister Pham Minh Chinh asked LG to create conditions for Vietnamese enterprises to participate in LG's production and supply chain; and invest in the direction of developing digital economy, green economy, and circular economy.
LG is a South Korean multinational industrial conglomerate, engaged in electronics, chemicals, communications & services.
Mr. Cheoldong Jeong assessed that Vietnam plays an important role and is one of LG's main production bases. The Group's leaders said that LG's products in Vietnam are exported to many countries around the world, bringing great investment results through quality investment.
According to him, LG's current investment capital in Vietnam is more than 5 billion USD, focusing on investing in new technology.
During a meeting with Prime Minister Pham Minh Chinh, Mr. Kim Ki Hyong, Vice President and CEO of Celltrion Group, stated that Southeast Asia is a region with great potential for the development of the biopharmaceutical industry.
The Group wishes to invest in establishing a company to import and distribute biological pharmaceuticals in Vietnam, and is willing to support Vietnam Pharmaceutical Corporation in transferring technology and linking production; and cooperating in marketing Celltrion products in Vietnam.
According to Prime Minister Pham Minh Chinh, Vietnam is also focusing on prioritizing the development of the pharmaceutical industry but lacks technology and high-quality human resources.
Welcoming the Group's plan to cooperate, support, and transfer technology with Vietnam Pharmaceutical Corporation, the Prime Minister affirmed that the Vietnamese Government is ready to create a favorable legal corridor for investment activities.
Hoai Thu (from Seoul, Korea)
Dantri.com.vn
Source: https://dantri.com.vn/xa-hoi/6-tap-doan-hang-dau-han-quoc-muon-rot-von-vao-viet-nam-20240703064041008.htm
![[Photo] National Assembly Chairman Tran Thanh Man visits Vietnamese Heroic Mother Ta Thi Tran](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/7/20/765c0bd057dd44ad83ab89fe0255b783)
Comment (0)