Viet­namese PM calls for SK’s in­vest­ment

The Korea Times - - BUSINESS - (Yon­hap)

Viet­namese Prime Min­is­ter Nguyen Xuan Phuc has asked the chair­man of Korea’s SK Group to par­tic­i­pate in the pri­va­ti­za­tion of state-owned com­pa­nies in one of the world’s fastest grow­ing economies, the con­glom­er­ate said Fri­day.

“We will spare no ef­fort in pro­vid­ing com­pre­hen­sive as­sis­tance in co­op­er­a­tion with SK,” Phuc said in a meet­ing with SK Group Chair­man Chey Tae-won at his of­fice in Hanoi on Thurs­day, ac­cord­ing to the busi­ness group.

The two held their first face-to-face talks in No­vem­ber last year on how to boost co­op­er­a­tion be­tween Viet­nam and the Korean en­ergy-to-semi­con­duc­tors con­glom­er­ate.

Chey ex­pressed hope that SK Group will in­vest in the pri­va­ti­za­tion of state-owned com­pa­nies and that the two sides will fur­ther ac­cel­er­ate co­op­er­a­tion in other sec­tors, SK Group said.

Phuc said the Viet­namese gov­ern­ment is ex­pe­dit­ing pri­va­ti­za­tion and di­vest­ment in ma­jor en­ter­prises, pri­mar­ily in the fields of telecom­mu­ni­ca­tion, chem­i­cals, the pro­cess­ing in­dus­try, bev­er­ages, avi­a­tion and en­ergy, ac­cord­ing to the Voice of Viet­nam.

“Dur­ing the eq­ui­ti­za­tion process, the Viet­namese gov­ern­ment al­ways in­cen­tivizes for­eign in­vestors, in­clud­ing SK Group with strong ca­pa­bil­ity in terms of fi­nance, tech­nol­ogy, brand and mar­ket, to en­gage in the process as strate­gic in­vestors,” Phuc said in English-lan­guage com­ments posted on the web­site of the Voice of Viet­nam.

In Septem­ber, SK Group ac­quired a 9.5 per­cent stake in Masan Group, a Viet­namese food and bev­er­age group, for $470 mil­lion.

Cour­tesy of SK

SK Chair­man Chey Tae-won, left, talks with Viet­namese Prime Min­is­ter Nguyen Xuan Phuc about pri­va­ti­za­tion of pub­lic en­ter­prises in the South­east Asian coun­try at the prime min­is­ter’s of­fi­cial res­i­dence in Hanoi, Thurs­day. Chey, who also serves as the chair­man of the Korean Foun­da­tion for Ad­vanced Stud­ies, vis­ited Viet­nam Na­tional Univer­sity, Hanoi, Fri­day, to de­liver a speech at the first Hanoi Fo­rum jointly hosted by the foun­da­tion and the univer­sity.

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