Prime Minister Nguyen Xuan Phuc receives Youn Chul Kim, President of Hanwha Techwin on Wednesday, October 3, 2018. (Photo: VGP)

Receiving Youn Chul Kim, PM Phuc spoke highly of Hanwha Techwin’s plan to expand its investment in Vietnam’s high-tech sector. The PM said the Vietnamese government will create optimal conditions for foreign investors to successfully operate in Vietnam and he expects Hanwha Techwin to become a model of foreign direct investment in Vietnam. The PM said he hopes Hanwha Techwin will also invest in other spheres, such as smart city and infrastructure building. Mr. Kim said he hopes the Vietnamese government will create favorable conditions for the group to expand operations in the fields of finance, consumption, and asset management.

At the reception for Spencer Damian White, PM Phuc applauded Delta Offshore Energy’s investment in a gas-fueled electricity project in the Mekong Delta province of Bac Lieu. He said ministries, sectors, and local authorities will support the project, because Vietnam wants to encourage foreign investment in renewable energy projects.