The event, attended by Deputy Minister of Foreign Affairs Nguyen Minh Hang, Korean Ambassador Choi Youngsam, leaders from Southern localities and many Korean firms operating in Vietnam, was an opportunity for the two sides to evaluate their cooperation outcomes in the past 32 years, and discuss orientations for future development.

South Korea and Binh Duong province sign documents of cooperation at the “Meet Korea 2024” program on Friday.

In her speech, Hang stressed that the Vietnamese Government treasures contribution made by foreign investors, including those from the RoK, to the socio-economic development of Vietnam.

She expressed her hope that the two countries will continue enhancing cooperation across the areas of hi-tech electronic device production, semiconductor, tourism and people-to-people exchange.

Discussions at the event are expected to contribute to the sustainable development and prosperity of the two nations, she underlined.

Over the past more than three decades, the bilateral ties have borne fruit in various domains, particularly economy. The East Asian country is now a leading economic partner of Vietnam as it has poured a total of USD 86 billion in investment into the country. Their cooperative relations have also thrived in tourism, labor and trade, among others.

According to Chairman of the Binh Duong provincial People’s Committee Vo Van Minh, investors from 65 countries and territories have registered nearly USD 40.6 billion in some 4,300 projects in the province, with the RoK being the 5th largest with nearly 800 projects worth USD 3.4 billion.

The province commits to creating the best conditions for Korean firms who run business in the locality, he said, adding it prioritizes investors boasting considerable experience in the advanced technology industry, semiconductors, and state-of-the-art electronic products.

On this occasion, Binh Duong signed several cooperation deals with its Korean partners.

Source: VNA