Politics

HCM City, RoK localities beef up links

Ho Chi Minh City and the Republic of Korea (RoK) have agreed to enhance cooperation in economics, cultural exchanges and the exchange of delegations to work in fields of mutual concern.
Ho Chi Minh City and the Republic of Korea (RoK) have agreed toenhance cooperation in economics, cultural exchanges and the exchange ofdelegations to work in fields of mutual concern.

The decision was reached by Chairwoman of the municipal People’s CouncilNguyen Thi Quyet Tam and a member of RoK Parliament’s Special Committeeon Ethics, Education, Culture, Sports and Tourism Youn Kwan-suk inHCM City on May 9.

Tam said there remains greatpotential in the cooperation between HCM City and the RoK’slocalities, especially in fields of each side’s strength.

She also hailed the fine relations between the two sides over the pasttime. At present, the RoK is one of the leading investors in Vietnamand HCM City. Numerous Korean firms are operating effectively inthe city, she added.

Youn Kwan-suk said he hopesthe municipal authorities will continue making it easier for Koreanbusinesses to invest in the city.

Over 1,800 Korean businesses operate in Vietnam and the figure will continue to grow, he added.

He also expressed his belief that the city will overcome challengesamid the global economic downturn and develop further in the comingyears.-VNA
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