Gangwon businesses promote Korean investment in HCM City hinh anh 1Gangwon Governor Choi Moon-soon (L) and Chairman of the HCM City People’s Committee Nguyen Thanh Phong sign an MoU on setting up friendship and cooperative relations between HCM City and Gangwon (Photo: VNA)

HCM City (VNA) – Businesses of Gangwon province of the Republic of Korea (RoK) want to set up partnership with and expand investment in Ho Chi Minh City, Governor Choi Moon-soon has said.

He made the remark at a conference on Gangwon – HCM City economic cooperation held by the Korea Federation of Small and Medium Enterprises and a delegation of Gangwon firms in HCM City on June 9.

The governor said locality-to-locality economic exchanges are an important driving force for the two countries’ economic partnership. 

HCM City is the biggest economic and financial hub of Vietnam and also one of the most vibrant cities in Southeast Asia. It attracts much attention from Korean investors, including those from Gangwon province.

He added that businesses from his province want to access information about growth promotion and investment attraction policies of HCM City. They hope to establish partnerships with local firms to enhance ties in health care, culture, education and tourism.

Sharing the same view, Consul General of the RoK in HCM City Park Noh-wan said Vietnam, especially HCM City, is currently a magnet for foreign investment. Therefore, Gangwon companies should make use of opportunities from investment promotion programmes to connect with local firms, thus creating a long-term growth momentum for both sides.

Valuing the province’s investment promotion plan, Chairman of the HCM City People’s Committee Nguyen Thanh Phong said his city welcomes and will provide the best possible conditions for foreign investors. It will improve the business climate and support domestic and foreign companies in their establishment and operation.

He added the two localities boast huge cooperation potential, especially in the fields that match Gangwon’s strength and HCM City’s demand such as biotechnology, medical equipment and new materials.

He voiced his belief that cooperation and mutual support will bolster their respective economic development, thus contributing to the prosperity of Vietnam and the RoK.-VNA