Vietnam, RoK cooperate in property development

28/08/2008 -- 6:27 PM

Hanoi (VNA) – Minister of Construction Nguyen Hong Quan and Minister of Land, Infrastructure and Transport Chung Jong Hwan of the Republic of Korea (RoK) signed a Memorandum of Understanding (MoU) on cooperation in Hanoi on August 28. The MoU, signed during the RoK minister’s visit to Vietnam , aimed to strengthen bilateral relations by sharing information, technology and experiences in urban construction and real estate market. Earlier, the two ministers held talks, during which Minister Quan expressed his hope to share experience with RoK in the field. He also asked the RoK side to take more Vietnamese guest labourers to work at their civil engineering projects in the RoK and third countries as well as help Vietnam’s construction materials, such as sanitation china, glass, ceramic and granite bricks enter markets where RoK investors are carrying out their projects. The RoK minister agreed to receive Vietnam’s workers to work in Dubai , where they have many construction projects underway. He also asked the Vietnamese side to help speed up the pace of a new urban area located to the west of Hanoi’s West lake as well as allow RoK investors to take part in the Hanoi expansion project. RoK is among Vietnam’s most potential construction partners, said Minister Quan, and also the country’s second largest ODA donor after Japan. Receiving an ODA capital averaging 250 million USD per year, Vietnam is the largest ODA recipient of the RoK in the 2008-2011 period.-Enditem
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