Việt Nam, RoK foster multifaceted cooperation

May 17, 2024 - 17:34
The East Asian country is now a leading economic partner of Việt Nam as it has poured a total of US$86 billion in investment into the country.

 

South Korea and Bình Dương Province signed documents of cooperation at the “Meet Korea 2024” programme on Friday. — VNA/VNS Photo 

 

BÌNH DƯƠNG — The Ministry of Foreign Affairs in collaboration with the People’s Committee of the southern province of Bình Dương organised the “Meet Korea 2024” programme on Friday in the lead up to the 32nd anniversary of diplomatic relations between Việt Nam and the Republic of Korea (RoK).

The event, attended by Deputy Minister of Foreign Affairs Nguyễn Minh Hằng, Korean Ambassador Choi Youngsam, leaders from southern localities and many Korean firms operating in Việt Nam, was an opportunity for the two sides to evaluate their cooperation outcomes in the past 32 years, and discuss orientations for future development.

In her speech, Hằng stressed that the Vietnamese Government treasures contributions made by foreign investors, including those from the RoK, to the socio-economic development of Việt Nam.

She expressed her hope that the two countries will continue enhancing cooperation across the areas of hi-tech electronic device production, semiconductor, tourism and people-to-people exchange.

Discussions at the event are expected to contribute to the sustainable development and prosperity of the two nations, she underlined.

Over the past more than three decades, the bilateral ties have borne fruit in various domains, particularly economy. The East Asian country is now a leading economic partner of Việt Nam as it has poured a total of US$86 billion in investment into the country. Their cooperative relations have also thrived in tourism, labour and trade, among others.

According to Chairman of the Bình Dương provincial People’s Committee Võ Văn Minh, investors from 65 countries and territories have registered nearly $40.6 billion in some 4,300 projects in the province, with the RoK being the 5th largest with nearly 800 projects worth $3.4 billion.

The province commits to creating the best conditions for Korean firms who run business in the locality, he said, adding it prioritises investors boasting considerable experience in the advanced technology industry, semiconductors, and state-of-the-art electronic products.

On this occasion, Bình Dương signed several cooperation deals with its Korean partners. — VNS

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