Vietnam hopes it will attract more investors from the Republic of Korea, including the Korea Western Power Co., Ltd. (KOWEPO), says State President Nguyen Minh Triet.

While receiving KOWEPO Managing Executive Jung Sung-jin in Hanoi on March 12, Mr Triet welcomed the company’s plan to expand operations in Vietnam and said the country needs to develop the electricity industry as it is carrying out the process of national industrialization and modernization. KOWEPO-funded projects match Vietnam’s investment attraction strategy, said Mr Triet.

He confirmed that Vietnam is determined to strengthen relations with the RoK in line with the strategic partnership agreed by the two countries’ top leaders during Prime Minister Lee Myung-bak’s visit to Vietnam last October.

Jung Sung-jin praised Vietnam’s Renewal achievements and viewed Vietnam as an economic ‘dragon’ in Asia – an attractive investment destination for foreign businesses, including those from the RoK.

He vowed to speed up existing projects to help promote relations between the two countries. He said his company is interested in the Son My II thermal power project in Binh Thuan province.