Nae Jae-cheol, Chairman of the Korea Financial Investment Association, Discusses Financial Cooperation with Vietnamese Ambassador to Korea

[Asia Economy Reporter Minji Lee] On the 7th, Na Jae-cheol, Chairman of the Korea Financial Investment Association, held a meeting with Nguyen Vu Tung, Ambassador of Vietnam to Korea, at the Korea Financial Investment Association and discussed ways to expand investment and cooperation between the financial investment industries of the two countries.

On this day, Ambassador Nguyen Vu Tung of Vietnam to Korea stated, “Despite the COVID-19 crisis, both Korea and Vietnam have maintained solid economic growth,” and added, “Since Korea is Vietnam’s top investor and Vietnam is Korea’s fourth largest trading partner, there are high expectations for exchanges with the Korean financial investment industry to develop Vietnam’s capital market.”

The Korea Financial Investment Association explained to Ambassador Nguyen the development of the Korean capital market, the global expansion status of its member companies, and investment interests, and conveyed local business-related suggestions heard through recent online meetings with local member company corporations in Vietnam.

Vietnam, along with China, is the overseas region where the Korean financial investment industry has the most presence, with a total of 16 domestic financial investment companies operating local corporations and offices in Vietnam, including six securities firms and ten asset management companies.

According to recent analyses by global credit rating agencies, Vietnam’s economic impact from COVID-19 has been less severe compared to other regions, and its economic growth rate is expected to reach 8.6% this year.

Since last year, the Association has been providing market participants with opportunities to analyze overseas local markets and discover investment opportunities through global web seminars, and this year, it is conducting regular exchanges and online events with foreign embassies in Korea along with web seminars.

Chairman Na Jae-cheol said, “Through the meeting with Ambassador Nguyen, I could feel the great expectations for cooperation with the Korean financial investment industry for the development of the Vietnamese capital market,” and added, “Once the pandemic situation improves, we will continue discussions on regulatory improvements to expand cooperation between the capital markets of the two countries through signing an MOU with the Vietnam Securities Commission (SSC), as well as the listing of domestic companies on the Vietnamese stock market and the expansion of business by domestic financial investment companies in Vietnam.”

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