Finance Minister to chair investment promotion conference in RoK
Updated : Monday, April 16, 2018 11:00 AM (GMT+0700)

FinanceMinister Dinh Tien Dung will chair an investment promotion conference slatedfor April 16-19 in Seoul, the Republic of Korea (RoK), according to the StateSecurities Commission.

 
Finance Minister Đinh Tiến Dũng - Photo: VNA

The conference aims to boostthe investment flow from the RoK into Vietnam through publicizing Vietnam’spolicies on economic restructuring, equitisation of State-owned enterprises(SOEs) and measures to encourage indirect foreign investment into the stockmarket.

It also creates a venue forVietnamese management agencies to meet and persuade RoK financial investors,bankers and insurers to do business in Vietnam, as well as to hear assessmentand recommendations from Korean investors regarding Vietnam’s financial andinsurance markets.

Since 2014, the FinanceMinistry has been organising investment promotion conference and businessmeetings in major foreign markets such as the US and Japan. 

Last year, the RoK hasbecome the largest trade partner of Vietnam with two-way trade at nearly 61.56billion USD. The East Asian economic power was also the biggest foreigninvestor in Vietnam with accumulated investment capital reaching 57.66 billionUSD as of December 2017, or 18.1 percent of total FDI in Vietnam. 

RoK investors have shownincreasing interest in the Vietnamese market. According to Chairman of theState Securities Commission of Vietnam (SSCV) Tran Van Dung, 4,846 RoKinvestors are present in Vietnam’s stock market.

There are five RoK-investedsecurities companies in the market at present, namely Korea Investment &Securities, Mirae Asset Daewoo, Shinhan Investment, KB Securities and Woori.

However, the investment hasyet to match potential, Dung said. 

As of late March, Vietnam’sstock market attracted 37.6 billion USD in foreign indirect investment.

Source:VNA

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