HCM City, RoK’s Jeollabuk province eye cooperation in startup, high-tech agriculture

Ho Chi Minh City and Jeollabuk province of the Republic of Korea (RoK) have optimal potential for cooperation in startup, high-tech agriculture, culture and tourism.

The view was shared by leaders of the two localities during their online working session on March 19.

Nguyen Thanh Phong, Chairman of the HCM City People’s Committee, briefed the RoK side on the city’s economic development in 2020, with a growth rate of 1.39% amidst the COVID-19 spread.

He highlighted the significance of international resources to HCM City’s implementation of the dual goals of containing the pandemic and recovering the economy.

The RoK is one of the countries with the biggest number of localities (seven) that have set up cooperation with HCM City, Phong said, adding that the southern metropolis wishes to soon establish its friendship and cooperation with Jeollabuk.

The East Asian nation ranks third among 110 countries and territories investing in HCM City, according to the official. Nearly 80,000 Koreans and 2,000 Korean firms are living and operating in the city, with such major groups as Samsung, Lotte, Emart and CJ.

For his part, Song Ha-Jin, Governor of Jeollabuk, said a number of startups from Jeollabuk have begun studying investment opportunities in Vietnam.

Vietnam is a key destination of the RoK’s New Southern Policy. Therefore, apart from startup and high-tech agriculture, Jeollabuk wants to join hands with the country and HCM City in particular in tourism and culture, he stressed.

Lauding Jeollabuk’s cooperation proposals and support in the formation of the KORETOVIET exhibition centre, Phong said the centre is expected to create a joint playground for businesses of the two sides, thus promoting the development of startups.