Vietnam, RoK step up trade, locality-to-locality cooperation

A Vietnam-Republic of Korea (RoK) forum for locality-to-locality cooperation and trade promotion took place in Seoul on May 29, attracting more than 100 participants from large Korean investment funds, conglomerates, and small- and medium-sized enterprises.
Vietnam, RoK step up trade, locality-to-locality cooperation ảnh 1Participants at the forum pose for a group photo. (Source: VKBIA)
Hanoi (VNA) – A Vietnam-Republic of Korea (RoK) forum for locality-to-localitycooperation and trade promotion took place in Seoul on May 29, attracting morethan 100 participants from large Korean investment funds, conglomerates, andsmall- and medium-sized enterprises.

Theevent was co-organised by the Vietnamese Ministry of Foreign Affairs, Vietnam-Korea Businessmen andInvestment Association (VKBIA), and People’s Committees of Can Tho city, andBac Lieu, Kom Tum and Thua Thien-Hue provinces from Vietnam.

TrinhThi Mai Phuong, deputy head of the ministry’s Consular Department, said theforum is a highlight of the programme to promote Vietnamese localities in the RoKlasting from May 29 to June 1.

VKBIA President Tran Hai Linh stated the collaborationbetween the nations and their localities has been sustained and strongly recovered after a long time of hiatus due to the COVID-19 pandemic.

Linh, who is also a member of the Vietnam Fatherland FrontCentral Committee, highlighted economy-trade-investment cooperation as a pillarand growth driver of the countries’ relationship, which was upgraded tocomprehensive strategic partnership last year.

Leaders of Can Tho, Bac Lieu, Kon Tum, and Thua Thien-Hue informedthe forum on their localities’ potential, strength, socio-economic developmentorientations, and Korean investment attraction so far.

They hoped the RoK business community will make more diverseand suitable investments in Vietnam and looked forward to increasing theirlocalities’ cooperation with the East Asian nation.

Two RoK corporations, SoluM and Hancom, who specialise in greenindustry, 4th industrial revolution, smart city and high-techeducation and training, expressed theirdesire to promote cooperation with Vietnam via the VKBIA.

Participating businessmen also voiced their investment directions in such areasof the Vietnamese localities' strength and demand as green energy, greenindustry, smart city, high-tech farming, and high-quality human resourcesdevelopment.

Vietnam, RoK step up trade, locality-to-locality cooperation ảnh 2At the signing ceremony of the cooperation pact. (Photo: VKBIA)
On the occasion the localities of Vietnam andthe VKBIA signed a cooperation pact focusing on the promotion of investment andlocality-to-locality collaboration./.
VNA

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