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Central city, Changwon ink MoU on trade, investment

Update: June, 20/2014 - 07:48

The central city and Changwon city, Korea inked a Memorandum of Understanding (MoU) for co-operation in trade and investment on Wednesday. — Photo chinhphu

DA NANG (VNS) — The central city and Changwon city, Korea inked a Memorandum of Understanding (MoU) for co-operation in trade and investment on Wednesday.

The central city, which established a twin city with Masan - the then city integrated into Changwon, in 1997, would boost exchanges in fields of culture, investment, hi-tech, environment and trade with Changwon in the near future.

Two-way export and import turnover trade between the two cities reached US$93.2 million last year.

Korean has been a leading investor in Da Nang with 35 projects at total capital of $705 million.

Kreves Land Vina is one of the biggest investment projects in the central city worth $200 million. — VNS

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