VKBIA and Yen Bai ink MoU on trade-investment cooperation

The signing ceremony took place in Yen Bai on March 6 during a working session between a VKBIA delegation led by its president Tran Hai Linh.

The MoU will support Korean investment funds, corporations, businesses, and organizations to explore investment and business cooperation opportunities in Yen Bai. It will also support the two sides’ corporations and businesses that have export and import needs to access each other’s markets.

The two sides agreed to cooperate and exchange experiences in investment and trade, contributing to improving their investment and business environment. They also agreed to support the business community to take advantage of opportunities from the Vietnam - Korea Free Trade Agreement (VKFTA), and to promote the implementation of investment commitments.

The two sides will work closely together to organize conferences, seminars, and discussions on trade and investment cooperation, conduct surveys and make in-depth analysis of market needs of Yen Bai and Korean localities in order to support investment promotion, production and economic activities, trade, tourism, and development of high-quality human resources of all parties.

Yen Bai expects that VKBIA will serve as an important bridge for Korean corporations and businesses to come and learn more about the business investment environment in the locality.

Yen Bai always accompanies and supports Korean businesses to operate successfully in the locality, said Provincial Party Committee Secretary Do Duc Duy.

VKBIA head Tran Hai Linh for his part affirmed that VKBIA would coordinate closely with relevant agencies of Yen Bai to effectively implement the signed MoU, especially in the fields of employment, education-training and development of high quality human resources, as well as trade-investment promotion.

VKBIA will work hard alongside local agencies of Yen Bai to realise the MoU to bring about practical results to both sides, he assured.