Business

RoK - key partner in Binh Duong’s economic development strategy

Chairman of the provincial People’s Committee Vo Van Minh said that the RoK currently ranks 5th among 65 countries and territories investing in Binh Duong, with 776 projects and total investment amounting to 3.45 billion USD.

At the working session (Photo: VNA)
At the working session (Photo: VNA)

Binh Duong (VNA) – The Republic of Korea (RoK) is one of the most important partners of the southern province of Binh Duong in its economic development strategy and investment attraction, said Chairman of the provincial People’s Committee Vo Van Minh.

Speaking at a meeting with a delegation of the RoK’s Global Innovation Research Institute (GIRI) led by its Chairman Kim Jin-pyo on February 13, Minh said that the RoK currently ranks 5th among 65 countries and territories investing in Binh Duong, with 776 projects and total investment amounting to 3.45 billion USD.

Binh Duong has also twinned with Daejeon and Gangnam districts in Seoul. In recent years, vibrant exchanges and cooperative activities between Binh Duong and various Korean localities have yielded positive results in investment collaboration.

Emphasising the importance of cooperation in science, technology, and innovation, Minh expressed his hope that the GIRI will serve as a bridge for Binh Duong to collaborate with leading institutes and universities in the RoK for high-quality human resource training.

He added that Binh Duong is in urgent need of a skilled workforce to meet its socio-economic development requirements and is fully capable of partnering with Korean institutions for training initiatives.

For his part, Kim, who is also former Speaker of the RoK’s National Assembly, expressed his admiration for Binh Duong's remarkable achievements, particularly its goal of achieving double-digit growth in 2025 and the coming period. He also extended his gratitude to the Binh Duong authorities for supporting Korean businesses in investing in the province.

Kim affirmed his commitment to actively promoting cooperation and connecting Korean enterprises with investment opportunities in Binh Duong, particularly in the fields of digital economy and innovation.

He suggested Binh Duong improve its investment attraction policies for high technology, renewable energy, and smart urban development to create a strong impetus for sustainable economic growth in the future.

Binh Duong remains one of the leading localities in the country in attracting investment capital, with nearly 3 billion USD so far this year./.

VNA
#economic development strategy #Global Innovation Research Institute Binh Duong Korea (RoK)
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