Bac Giang, RoK’s Chungcheongnam province sign cooperation agreement
A delegation from the Republic of Korea (RoK)’s Chungcheongnam province held talks and signed a cooperation agreement with authorities of the northern province of Bac Giang on December 5.
Chairman of the provincial People's Committee Le Anh Duong said the RoK now ranks first in terms of the number of projects and second in investment capital among 30 countries and territories investing in Bac Giang.
In particular, Bac Giang has the Vietnam-Korea Vocational College of Technology, which effectively contributes to the goal of developing a skilled workforce that meet the requirements of the local industrial sectors and Korean businesses in Vietnam.
At present, Bac Giang has 1,750 workers employed in the RoK, and nearly 1,200 Korean workers are working in the province. Cultural and economic exchanges between Bac Giang and the RoK are increasingly expanding.
The RoK is the second largest export-import market of Bac Giang, with bilateral trade turnover totalling US$13.3 billion last year, up 46.2% annually. In the first 11 months of this year, the figure reached around US$14.8 billion, or 31.2% of the province's total export-import turnover.
Bac Giang exported various goods to the RoK, including apparel, leather and footwear, computers, electronic products and components, phones and accessories, processed and fresh farm produce. It imported raw materials and accessories for apparel, leather and footwear, computers, electronic products and components, phones and accessories, machinery and equipment, processed and fresh farm produce from the RoK. The import turnover from the RoK accounted for 35.5% of the province's total.
Governor of Chungcheongnam province Kim Tae-heum expressed his hope that diplomatic ties between the two localities will be further strengthened both in depth and width.
After the talks, the two sides signed a cooperation agreement on the regular exchange of delegations to share managerial experience, cultural exchanges to raise understanding of each other's history and culture, economic cooperation in industrial and agricultural development, and collaboration in the fields of health care, education, training, high-quality human resources and labour exchange, among others.
