Chairman of the municipal People’s Committee Nguyen Thanh Phong shakes hands with Gangwon Governor Choi Moon-soon (Photo: VNA)

 HCM City (VNA) – Ho Chi Minh City and Gangwon province of the Republic of Korea signed a memorandum of understanding (MoU) on cooperation on June 8, which focuses on the fields of health, biotechnology, and energy.

Speaking at the signing ceremony, Chairman of the municipal People’s Committee Nguyen Thanh Phong stressed the pact will help cement Vietnam – RoK strategic partnership and collaboration between his city and RoK localities.

He said HCM City currently needs investment in health, biotechnology and energy, which are the strength of Gangwon, thus their cooperation is sure to produce good outcomes.

Gangwon Governor Choi Moon-soon said his province is committed to reinforcing affiliations with the Vietnamese southern economic hub.

He unveiled a plan to establish a Gangwon representative office in the city to facilitate joint projects and Gangwon investments.

He said his entourage includes 150 investors and business representatives from his province, which means future partnerships are on the cards.

According to Chairman Nguyen Thanh Phong, HCM City has previously signed similar MoUs with four other localities from the RoK.

Eighty-seven countries and territories worldwide are investing in the southern city, and the RoK is taking the lead with over 1,300 projects.-VNA