The ongoing establishment of the Mekong Delta Development Institute is expected to strengthen economic, social and scientific-technological cooperation between the region and the Republic of Korea , Vice Chairman of the municipal People’s Committee Truong Quang Hoai Nam said in a workshop in Can Tho city on October 29.

He said local authorities hoped Korean experts will play an active role in driving the friendship between the two countries forward, pledging to create favourable conditions for partners from the RoK to implement the project with the best results possible.

Suh Kyo II, Rector of the Soon Chunhyang University , a leading medical university in the RoK, said the two countries shared a number of similarities in culture and history. The RoK boasts the largest number of firms investing in Vietnam , with over 2,000 companies and a capital value of more than 3 billion USD, he noted.

Can Tho city and the delta in general are among optimal destinations for RoK investors due to the abundance of natural and human resources.

Once operational, the Mekong Delta Development Institute will play a huge role in socio-economic growth and bilateral ties between the two countries, he said.

During the workshop, participants talked about their shared vision and discussed activities for their collaboration.

Representatives from Can Tho and Soon Chunhyang Universities signed the minutes on education cooperation.

Meanwhile, the municipal Centre for Trade, Investment and Tourism Promotion and the RoK Consultation Development KOVI D&C signed a Memorandum of Understanding on encouraging international investors, especially those from RoK, to invest in Can Tho city, including concrete measures to secure more foreign direct investment.

RoK experts later visited the Vietnam-RoK technology nursery located at the Tra Noc Industrial Park and signed a cooperation agreement with Can Tho University.-VNA