Vietnam: Hyundai Vinashin Hosts Ministerial Delegation

Within the framework of visiting Khanh Hoa Province, in the afternoon of April 24th, a Ministerial Delegation from the Ministry of Planning and Investment (MPI) led by Minister Bui Quang Vinh, Chairman of Khanh Hoa Province – Nguyen Chien Thang and some Directors of Provincial Departments visited Vietnam’s Hyundai Vinashin Shipyard (HVS).

Mr. Kang Cheol Soo – President & HVS BOD expressed the pleasure to welcome and brief the Delegation of some general information of HVS’s business results.

After listening to the report, Mr. Vinh congratulated HVS on its success, especially having in mind the difficult economic situation, that subjected most of enterprises to financial crisis. In addition, he was pleased to hear that despite the global recession,  HVS is still able to maintain its production activities and had signed many contracts securing operation for the following years.

Mr. Vinh also added, according to the Vietnamese Government and MPI’s consideration, FDI is an indispensable feature of the development of Vietnam’s economy. Therefore, Government and MPI are planning to adjust the legislative framework and the state policy so as to attract more foreign investment. He stated that the relationship between Korea and Vietnam is extremely good, especially in the field of investment.

He promised that MPI will create the best conditions for Korean enterprises in general and HVS in particular.

Finally, on behalf of HVS, Mr. Kang Cheol Soo expressed the company’s deep gratitude to the incessant support from MPI and Khanh Hoa authorities. Mr. Kang also affirmed his determination to, hand in hand with all employees, lead HVS out of the crisis and contribute to the development of Vietnam.

[mappress]
Press release, April 26, 2013