Hanoi (VNA) – Finance MinisterDinh Tien Dung will chair an investment promotion conference slated for April16-19 in Seoul, the Republic of Korea (RoK), according to the State SecuritiesCommission.

The conference aims to boost theinvestment flow from the RoK into Vietnam through publicizing Vietnam’spolicies on economic restructuring, equitisation of State-owned enterprises(SOEs) and measures to encourage indirect foreign investment into the stockmarket.

It also creates a venue forVietnamese management agencies to meet and persuade RoK financial investors,bankers and insurers to do business in Vietnam, as well as to hear assessmentand recommendations from Korean investors regarding Vietnam’s financial andinsurance markets.

Since 2014, the Finance Ministryhas been organising investment promotion conference and business meetings inmajor foreign markets such as the US and Japan.

Last year, the RoK has becomethe largest trade partner of Vietnam with two-way trade at nearly 61.56 billionUSD. The East Asian economic power was also the biggest foreign investor in Vietnamwith accumulated investment capital reaching 57.66 billion USD as of December2017, or 18.1 percent of total FDI in Vietnam.

RoK investors have shownincreasing interest in the Vietnamese market. According to Chairman of theState Securities Commission of Vietnam (SSCV) Tran Van Dung, 4,846 RoKinvestors are present in Vietnam’s stock market.

There are five RoK-investedsecurities companies in the market at present, namely Korea Investment &Securities, Mirae Asset Daewoo, Shinhan Investment, KB Securities and Woori.

However, the investment has yetto match potential, Dung said.

As of late March, Vietnam’sstock market attracted 37.6 billion USD in foreign indirect investment.-VNA