Korean businesses want to invest in semiconductors, nuclear power, high-speed railways

On March 4, Prime Minister Pham Minh Chinh chaired a discussion with large Korean corporations and enterprises.

KoCham Chairman affirms readiness to cooperate in many fields - Photo: VGP

Mr. Ko Tae Yeon, Chairman of the Korean Chamber of Commerce in Vietnam (KoCham), assessed that in 2024, Vietnam attracted impressive FDI in the context of a difficult global economy , including attracting 7 billion USD of investment from Korea.

Businesses interested in investing in technology

KoCham Chairman hopes that Korean enterprises can participate in key projects such as the North-South high-speed railway, nuclear power... from design, manufacturing... to human resource training.

Korean corporations and enterprises have mentioned investment opportunities and made recommendations in fields such as semiconductors, high technology (Samsung, LG, Hana Mircon Vina); green energy (SK, Hanwha, Asong); high-tech industries such as automobiles, LNG, electric vehicle batteries (Hyundai Thanh Cong, Posco); biotechnology, advanced materials (Hyosung); services, logistics (CJ, Lotte) ...

Mr. Na Ki Hong, General Director of Samsung Vietnam, is interested in the semiconductor and artificial intelligence industries, and appreciates the Government's decree supporting investment and building the Law on Digital Technology Industry. Because it is necessary to prioritize building a substantive incentive mechanism to help high-tech enterprises feel secure in making investment decisions.

KoCham and businesses also made a number of recommendations related to policy stabilization, improving the legal framework and increasing policy support for high-tech industries, investment funds, simplifying import-export procedures, modernizing the logistics system, import taxes, VAT refunds, etc.

Prime Minister Pham Minh Chinh expressed his gratitude to Korean businesses for their cooperation, sharing the joys and sorrows, and contributing to the Comprehensive Strategic Partnership between the two countries and the development of Vietnam. With the spirit of valuing "time, intelligence and decisiveness", he assigned relevant ministries and branches to handle the recommendations, ensuring 5 clarity (clear people, clear work, clear responsibility, clear progress, clear efficiency).

Prime Minister Pham Minh Chinh - Photo: VGP

Calling on businesses to expand investment and transfer technology

The Prime Minister hopes that Korean businesses will expand their investment and consider Vietnam a development base and an important link in the supply chain.

Focusing on new technology projects, high technology, advanced technology, clean technology, high added value, spillover effects on technology transfer, connecting global production and supply chains, strategic areas of innovation, semiconductor technology, artificial intelligence (AI), renewable energy...

Maintain and expand cooperation to strengthen the supply chain, ensure stable production activities; Korean enterprises participate in Vietnam's production ecosystem, on the principle of mutual benefit.

Sharing experiences, promoting the startup ecosystem such as encouraging venture capital funds, connecting startups between the two countries...

The government will meet to discuss how to respond to US policies.

Responding to the concerns of Korean businesses about the Vietnam-US relationship, US policies and Vietnam's responses and solutions, the Prime Minister said that the two economies of Vietnam and the US complement each other and compete healthily.

The two countries are Comprehensive Strategic Partners, with many connections and characteristics that are different from other partners. Vietnam has also proactively and actively contacted US authorities, sectors and businesses to continue to strengthen cooperation, mutual understanding and sharing of advantages and difficulties, promoting economic cooperation.

Vietnam is also actively resolving difficulties of its US partners in a fair, reasonable manner, in accordance with the regulations and laws of both sides. The Ministry of Finance is reviewing reasonable and harmonious tax policies to ensure the interests of both sides.

The government will hold a meeting to review and propose new policies in line with current US policies, promoting trade in a more balanced direction.

Source: https://tuoitre.vn/doanh-nghiep-han-quoc-muon-dau-tu-vao-ban-dan-dien-hat-nhan-duong-sat-toc-do-cao-20250304150214086.htm