Gangwon businesses promote Korean investment in HCM City
Businesses of Gangwon province of the Republic of Korea (RoK) want to set up partnership with and expand investment in Ho Chi Minh City, Governor Choi Moon-soon has said.
Gangwon Governor Choi Moon-soon (L) and Chairman of the HCM City People’s Committee Nguyen Thanh Phong sign an MoU on setting up friendship and cooperative relations between HCM City and Gangwon (Photo: VNA)
HCM City (VNA) – Businesses of Gangwon province ofthe Republic of Korea (RoK) want to set up partnership with and expandinvestment in Ho Chi Minh City, Governor Choi Moon-soon has said.
He made the remark at a conference on Gangwon –HCM City economic cooperation held by the Korea Federation of Small and MediumEnterprises and a delegation of Gangwon firms in HCM City on June 9.
The governor said locality-to-locality economicexchanges are an important driving force for the two countries’ economicpartnership.
HCM City is the biggest economic and financialhub of Vietnam and also one of the most vibrant cities in Southeast Asia. Itattracts much attention from Korean investors, including those from Gangwonprovince.
He added that businesses from his province wantto access information about growth promotion and investment attraction policiesof HCM City. They hope to establish partnerships with local firms to enhanceties in health care, culture, education and tourism.
Sharing the same view, Consul General of the RoKin HCM City Park Noh-wan said Vietnam, especially HCM City, is currently amagnet for foreign investment. Therefore, Gangwon companies should make use ofopportunities from investment promotion programmes to connect with local firms,thus creating a long-term growth momentum for both sides.
Valuing the province’s investment promotionplan, Chairman of the HCM City People’s Committee Nguyen Thanh Phong said his citywelcomes and will provide the best possible conditions for foreign investors.It will improve the business climate and support domestic and foreign companiesin their establishment and operation.
He added the two localities boast hugecooperation potential, especially in the fields that match Gangwon’s strengthand HCM City’s demand such as biotechnology, medical equipment and newmaterials.
He voiced his belief that cooperation and mutualsupport will bolster their respective economic development, thus contributingto the prosperity of Vietnam and the RoK.-VNA
Ho Chi Minh City and Gangwon province of the Republic of Korea signed a memorandum of understanding (MoU) on cooperation on June 8, which focuses on the fields of health, biotechnology, and energy.
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Gangwon Governor Choi Moon-soon (L) and Chairman of the HCM City People’s Committee Nguyen Thanh Phong sign an MoU on setting up friendship and cooperative relations between HCM City and Gangwon (Photo: VNA) 
