Forum connects companies of HCM, Daegu cities hinh anh 1Representatives of HCM City and Daegu companies sign MoUs at the forum (Photo: VNA)

HCM City (VNA) – A business forum between Ho Chi Minh City and Daegu city of the Republic of Korea (RoK) was held in the southern hub of Vietnam on October 11 with a view to spurring bilateral investment and trade.

In his opening speech, Vice Chairman of the HCM City People’s Committee Le Thanh Liem rejoiced at the thriving economic cooperation between his city and Daegu.

The RoK is now the fourth biggest foreign investor in HCM City with more than 1,260 projects worth about 4.3 billion USD. Their trade and tourism relations have also developed steadily, contributing to a bright panorama of bilateral cooperation, he noted.

Daegu Mayor Kwon Young-jin spoke highly of HCM City’s attraction, adding that his city’s inauguration of a representative office here on October 10 aims to meet businesses’ urgent demand for investment promotion support.

As one of the localities with strong economic growth and many big enterprises in the RoK, Daegu city wants to foster exchanges and collaboration with HCM City in culture and economic experience sharing, he said.

At the forum, companies were given information about investment potential, conditions and incentives in the two cities. They also had a chance to seek partners and investment opportunities in both HCM City and Daegu.

On this occasion, the Daegu Chamber of Commerce and Industry inked a memorandum of understanding (MoU) on trade promotion cooperation with HCM City’s Investment and Trade Promotion Centre.

The two sides’ businesses also signed four MoUs on trade partnerships in food and beverage production, real estate and communications, along with one contract on restaurant operation.-VNA