Business

RoK, Can Tho seek stronger economic ties

Leaders of Can Tho and Ministry of Foreign Affairs met with Ambassador of the Republic of Korea to Vietnam Park Noh-wan on August 20 to discuss future cooperation between in the Mekong Delta city and the RoK.
RoK, Can Tho seek stronger economic ties ảnh 1Secretary of the Can Tho Party Committee Tran Quoc Trung presents a gift to Ambassador of the Republic of Korea to Vietnam Park Noh-wan during their meeting on August 20. (Photo: baocantho.com.vn)

Can Tho (VNA) – Leaders of Can Tho and Ministryof Foreign Affairs met with Ambassador of the Republic of Korea to Vietnam ParkNoh-wan on August 20 to discuss future cooperation between in the MekongDelta city and the RoK.

Speaking at the meeting, Secretary of the municipal PartyCommittee Tran Quoc Trung highlighted the recent development of the friendshipand economic cooperation between the two sides, saying the RoK tops foreigninvestors in Can Tho with 14 FDI projects, worth a total 268 million USD.

The RoK is now the city’s largest strategic partner as thetwo-way trade exceeded 14 million USD last year and reached 2.9 million USD inthe first half of 2020. Can Tho mainly exported to the RoK rice, fishery andagricultural products, garments and pharmaceuticals while imports includedpharmaceutical materials, fabrics and veterinary medicines.

Trung hoped to receive more support andcooperation from the Ministry of Foreign Affairs, the Korean Ambassador and theRoK Consulate General in Ho Chi Minh City as well as Korean investors tofurther boost and sustain its development.

He called for Korean investment in various areas, includinghi-tech, support industries, logistics, trade and tourism.

Deputy Foreign Minister Le Hoai Trung highly spoke of thestrategic partnership between Vietnam and the RoK and mentioned Can Tho as anemerging destination for foreign investors.

RoK Ambassador to Vietnam Park Noh-wan, for his part,said more and more Korean firms have shown their interest in Can Tho and theMekong Delta at large as the region holds great potential for economicdevelopment and Can Tho is a gateway to the delta.

Korean investment has been mostly poured into Hanoi overrecent years, he said, adding that he expects a new wave of investment fromKorean companies will land in Can Tho and the Mekong Delta in the coming time.

He wished to open more classes providing Korean-languagelessons and proposed the establishment of a centre for sending Vietnamese guestworkers to the RoK.

He unveiled that Vietnam and the RoK will co-host aKorea-Mekong Delta business forum in Can Tho in October./.
VNA
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