Programme promotes cooperation between RoK and Binh Dinh province

At the signing ceremony of a MoU on investment cooperation between the Korean Chamber of Commerce and Industry in the South and Middle of Vietnam (KOCHAM) and Becamex IDC. (Photo: VNA)

Binh Dinh (VNA) – A series of activities within the “MeetKorea-Binh Dinh 2022” programme were held in Quy Nhon city in Binh Dinh on May 12to promote cooperation between the south central province and the Republic of Korea.
 

Addressing a seminar themed “Meet Korea-Binh Dinh 2022: Joining hands for development”, which opened the programme’s activities, RoK Ambassador to Vietnam Park Noh-wan said that the programme, the second of its kind held in Vietnam in 2022 on the occasion of the 30th anniversary of the Vietnam-RoK diplomatic ties, focus on seeking measures and visions to increase diverse cooperation activities between Binh Dinh – an important locality in the south central region, and the RoK.

He said the partnership between Quy Nhon city and Yongsan district will continue to be a model of local cooperation between the two countries.

Secretary of the provincial Party Committee Ho Quoc Dung noted that since BinhDinh and Yongsan district of Seoul set up twin relations in 1996, the two sideshave supported each other in all fields of social welfare, education-training,health care, tourism and labour, while many projects using ODA from the RoKGovernment are underway in Binh Dinh.

The province is currently hosting four RoK-funded investment projectsworth nearly 100 million USD, he said, expressing hope that through theprogramme, more Korean investors will come to Binh Dinh. He pledged that theprovince will create optimal conditions for them during their operation todevelop together.

For his part, Minister of Finance Ho Duc Phoc highlighted that Binh Dinh has manyfavourable conditions, especially a young and high-quality workforce,which makes it an ideal destination for investment. The ministry will continueto provide best conditions for investors to develop long-term business in BinhDinh, contributing to turn the locality into a centre for industrial production, tourism,and finance-banking.

RoK Ambassador to Vietnam Park Noh-wan addresses the event. (Photo: VNA)

Deputy Foreign Minister Nguyen Minh Vu said cultural similarities that Binh Dinh shares with RoK are also a favourable condition for investors, adding that Binh Dinhhas yet to fully exploit the advantages of its strategic location and economic potential.

Chairman of the People’s Committee of Binh Dinh Nguyen PhiLong said that the province is calling for RoK investment in the fields ofelectronic accessory production, automobile supporting industry, seaport andindustrial park infrastructure construction, energy, tourism, high-techagriculture, aquatic farming, breeding, waste treatment, trade and services.

He highlighted Binh Dinh’s strong commitments to assistinginvestors from the stage of forming investment ideas to the operation of their projects.

On the occasion, the Korea Trade and Investment PromotionAgency (KOTRA) in Ho Chi Minh City and the People's Committee of Binh Dinh signeda memorandum of understanding (MoU) on investment cooperation, while the KoreanChamber of Commerce and Industry in the South and Middle of Vietnam (KOCHAM)also signed a MoU on investment cooperation with Becamex IDC.

Many other activities within the programme will be held onMay 13, including an exhibition of typical products of central and CentralHighlands localities./.

VNA