Cooperation - Investment

Hai Duong, Rok’s Suwon city explore deeper cooperation

VNA-Hai Duong News • 27/02/2024 08:34

Leaders of Hai Duong and Suwon city signed a memorandum of understanding on local cooperation for the 2024-2026 period.

A scene of the signing ceremony between Hai Duong province and Suwon city (Photos: Baohaiduong.vn)

Authorities of HaiDuong province hosted a local reception on February 26 for a delegation from the Republic of Korea (RoK)’s Suwon city.

Vice Chairman of the provincial People’s Committee Nguyen Minh Hung highlighted the existing strong economic partnership between the two localities, noting that Hai Duong currently hosts 126 investment projects from the RoK, with a total registered capital of 1.4 billion USD.

Vice Chairman of the provincial People’s Committee Nguyen Minh Hung speaks at the meeting

This makes the RoK the leading source of foreign investment interms of project number and the third in capital value. These investments, primarily in electronics, electrical appliances, molds, logistics services and apparel, have created over 70,000 jobs in Hai Duong.

Beyond economic ties, Hung underlined their fruitful cooperation in recent years, spanning various areas such as friendly visits, culture, sports, tourism, education, sustainable development, and locality-to-locality cooperation.

Leaders of the two localities present gifts to each other

Additionally, Hai Duong leaders proposed several avenues for further cooperation, including inviting Suwon city's businesses to invest in the province, establishing a high-quality international hospital leveraging Hai Duong's strategic location in the Red River Delta, supporting the training of skilled human resources, and nurturing table tennis and archery talents.

They also suggested Suwon city invite its art troupes to perform at the Con Son-Kiep Bac Spring Festival to promote Korean culture to local people and tourists.

Vice Chairman of the provincial People’s Committee Nguyen Minh Hung and Vice Mayor of Suwon City Hwang In Guk sign a memorandum of understanding on local cooperation

In response, Vice Mayor of Suwon City Hwang In Guk expressed his commitment to deepening cooperation between the two sides across multiple sectors. He pledged to discuss with Suwon's top leaders and departments to devise concrete plans for partnership with the Vietnamese province.

Leaders of both sides signed a memorandum of understanding (MoU) on local cooperation for the 2024-2026 period. This MoU signifies their commitment to creating opportunities for youth and citizen exchange, promoting mutual understanding through cultural and sporting activities, and exploring potential collaboration in various fields such as education, trade and sustainable development.