HCM City, RoK province enhance trade links
VOV.VN - Municipal leaders have affirmed their commitment to always supporting and providing favourable conditions for foreign businesses, including those from the Republic of Korea (RoK), to invest and do business in the southern city.
The city People’s Committee and the Government of Chungcheongbuk-do province recently held the Ho Chi Minh City - Chungcheongbuk Trade and Investment Co-operation Forum in the RoK locality as part of efforts to boost investment and trade ties between the two sides.
As part of his address, Vo Van Hoan, deputy chairman of the city People’s Committee, stated that the city is prioritising digital and green transformation as it strives to achieve its sustainable development goals.
It is working to promote sectors such as hi-tech, supporting industries, electronic circuit technology, semiconductors, banking, finance, information technology, and logistics, he said.
Tran Phu Lu, director of the HCM City's Investment and Trade Promotion Centre, gave an overview of the city's environment and investment incentive policies and highlights of Resolution 98 relating to specific mechanisms and policies for the southern metropolis’ development.
The city boasts huge advantages compared to other localities, he said, adding that the forum is constantly reforming administrative procedures, thereby creating an open investment environment and actively mitigating difficulties faced by investors.
Kim Myung Kyoo, deputy governor of Chungcheongbuk-do Province, said the city's economy has made great strides across multiple fields, especially in hi-tech and green technology.
Chungcheongbuk-do has made great advances in four key industries, including solar energy and new energy, semiconductors, biotechnology, and IT, he said.
He affirmed his province’s readiness to collaborate with the Vietnamese city to achieve their common development goals.
Leaders of the two sides witnessed the signing of MoUs and contracts in airport development, logistics, trade promotion, food, and healthcare, among others.
Hoan outlined that both countries have enjoyed sound relations since the establishment of diplomatic ties back in 1992 and the subsequent upgrading of their relationship to a comprehensive strategic partnership in 2022.
The relationship between the city and the RoK has seen strong growth in recent years, especially in economics, investment, trade, and tourism. The RoK ranked fourth among all countries and territories investing in the city, with trade recording strong growth, hitting US$4.3 billion last year, he stated.
