The Central Highlands province of Lam Dong has signed a Memorandum of Understanding (MoU) to boost cooperation with the Singapore-based Republic of Korean Chamber of Industry and Commerce.

The signing is part of the province’s activities aiming at promoting investment in Singapore .

Addressing the signing ceremony on October 22, Jung Young Soo, president of the chamber, affirmed Da Lat city and Lam Dong province in general show potential for agricultural products and tourism.

The launch of the Da Lat-Singapore route will help hasten tourism and trade activities between not only the two sides but also Da Lat and other countries, he said.

Young Soo affirmed his chamber is willing to call for businesses of the RoK and Singapore to invest in the locality, while supporting Lam Dong’s businesses in accessing capital sources so that they can expand investment in foreign markets.

For his part, Chairman of Lam Dong People’s Committee Nguyen Xuan Tien expressed his belief that the two sides will coordinate in realising agreed contents in the spirit of the MoU, saying the province will do all it can to lure investment.

RoK businesses expressed their hope to foster investment in Lam Dong, particularly in agriculture.

The RoK Chamber of Industry and Commerce will visit the province on November 15.-VNA