Vietnamese PM calls for SK’s investment
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.
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.