Ministry of Industry Holds Meeting with Vietnamese Electric and Electronics Investment Companies

"Expansion of Cooperation Between Government and Overseas Companies in Response to COVID-19"

[Asia Economy Reporter Moon Chaeseok] The government held a meeting with representatives from the electrical and electronics industry associations and companies investing in Vietnam to discuss response strategies.

Park Ki-young, Deputy Minister for Trade of the Ministry of Trade, Industry and Energy, held the 'Vietnam Investment Companies Meeting' at 2 p.m. on the 18th at the Korea Chamber of Commerce and Industry. Electrical and electronics is a key investment sector in Vietnam.

The meeting was organized to find ways to support companies facing difficulties due to restricted personnel exchanges with Vietnam caused by the spread of the novel coronavirus disease (COVID-19).

At the meeting, Deputy Minister Park explained that they are negotiating with Vietnamese authorities to introduce a 'fast track for businesspeople's entry.'

Deputy Minister Park said, "We will continue to expand communication with the industry and cooperation with the Vietnamese government to improve the investment environment and resolve local management difficulties for our companies."

According to the Ministry of Trade, Industry and Energy, industry representatives attending the meeting expressed gratitude for the government's efforts to support the entry of essential business personnel into Vietnam.

They also requested additional government support such as shortening or exempting quarantine periods, extending visas, and facilitating the issuance of work permits.

Furthermore, they asked for more active cooperation with the Vietnamese side in areas such as customized workforce development for Korean companies, infrastructure expansion, and institutional improvements.

An official from the Ministry of Trade, Industry and Energy stated, "Going forward, the ministry plans to listen to the difficulties faced by companies in various industries due to movement restrictions of businesspeople amid the COVID-19 situation and actively seek solutions through consultations with the governments of the respective countries."

This content was produced with the assistance of AI translation services.