PM calls for more Korean investment in Vietnam The Saigon Times Daily HCMC – Prime Minister Nguyen Xuan Phuc expects CJ Group and other South Korean corporations to invest more in Vietnam, according to the Government news website. At a meeting with CJ Group chairman Sohn Kyung Shik in Hanoi on December 7, Phuc praised the Korean conglomerate for its investment in multiple fields in Vietnam including food processing, logistics and film production. The company has contributed significantly to the country’s development and its strategic partnership with Korea. Phuc said he expects more than 150,000 Koreans living and working in Vietnam and leading Korean firms active in the country such as Samsung, LG, Lotte and CJ would help create a new Korean investment wave in Vietnam. He also expected Korea to share its experience in economic development and cultural promotion abroad and help Vietnam develop agriculture, especially organic one. Vietnam always tries to make conditions favorable for foreign investors including those from Korea to do business in Vietnam. CJ is developing a food safety research and development center in HCMC to produce new goods using Vietnamese materials for export. Its affiliate CJ Logistics, the largest logistics service provider in Korea, has recently teamed up with Vietnam’s Gemadept Corporation. The joint venture is expected to help reduce transport costs in Vietnam. In addition, the group has produced films in Vietnam which are scheduled to be broadcast in many countries and has got involved in agricultural production in Ninh Thuan Province.