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President Park Geun-hye on her state visit to Vietnam. continued on with her diplomatic
drive to bolster business presence in the Southeastern country on Tuesday.
She paid a visit to Vietnam's largest economic city of Ho Chi Minh. toured a Korean company
there and met with high-ranking city officials,. calling for support for Korean firms.
Our Eoh Jin-joo, who is traveling with the president reports on Park's economic push.
Hanoi may be the "political capital" of Vietnam,. but Ho Chi Minh City is the economic center.
President Park on Tuesday flew over to the nation's economic capital. and held talks
with the city's party committee secretary Le Thanh Hai and Mayor Le Hoang Quan.
"I believe that the enhancement in the two countries' cooperation in the economic sector
greatly contribute to the livelihoods of the people in the two nations.
President Park called for further support for Korean companies operating in Vietnam,.
asked city officials to ease regulations for employment of foreign workers and construction.
and to provide tax incentives for businesses that invest in the country again.
Later in the day, President Park toured the biggest Korean company operating in Ho Chi
Minh City, called Hansae. Hansae is an apparel firm that makes products
for global fashion brands like GAP, Nike and Uniqlo. through original equipment manufacturer,
or OEM, deals. Senior presidential secretary for economic
affairs Cho Won-*** told reporters that. President Park's trip to the city aimed to
address one of Vietnam's most urgent economic issues: the imbalance in its bilateral trade
with Korea, as imports far exceed exports. Her visit to the company, Cho added, will
serve to encourage Korean firms to invest in Vietnam, and export products made there.
to other countries, as a way to solve the imbalance in bilateral trade.
President Park also met with leaders of Korean businesses operating in that city, including
Lotte Mart, Hyosung and CJ,. and listened to the difficulties they face in doing business
in Vietnam.
"Many observers say President Park's sales diplomacy, added with her soft diplomacy,
in Vietnam led to a number of tangible results in the economic sector. After wrapping up
her five-day stay in Vietnam, President Park will be returning to Seoul on Wednesday.
Eoh Jin-joo, Arirang News, Hanoi."