Leaders of the southern province of Ba Ria - Vung Tau and Pohang city of the Republic of Korea on Nov. 1 signed a memorandum of understanding (MoU) on bilateral cooperation.

The MoU will lay a foundation for Ba Ria-Vung Tau and Pohang to beef up investment ties, share information and assist each other in different aspects, such as economics, tourism, culture and social affairs.

Ba Ria-Vung Tau is one of the most attractive destinations for RoK investors, with 53 projects capitalised at 3.3 billion USD.

The RoK is the largest foreign investor in Vietnam , pouring almost 24 billion USD in around 2,900 projects to date./.