HCM City, RoK bolster economic, cultural cooperation

At the meeting, Nguyen Huu Tin informed his host about the results of cooperation between Ho Chi Minh City and the Korean city of Busan over recent years, and the recent signing of a cooperation agreement with Daegu City.

Both sides underscored the need for regular meetings to review bilateral cooperation and alleviate difficulties so as to speed up the implementation of signed agreements.

The municipal People's Committee has directed city leaders to consider and deal with requirements and recommendations made by Korean businesses, Huu tin said, adding that HCMC will facilitate Korean investments in Ho Chi Minh City.

“Municipal leaders have always paid heed to protecting the legitimate interests of the people from the Republic of Korea (RoK) as well as other countries in accordance with the law. Along with the investment by Korean businesses, as many as 70,000-80,000 Koreans are living in Ho Chi Minh City.”, Huu Tin told his host.

Wan Park Noh said the HCM City- RoK cooperation has been elevated to a higher level, noting that with the strength of the support industries, his nation is willing to share development experience with Ho Chi Minh City. Currently, many small and medium sized Korean enterprises in this field are keen to seek investment opportunities in Ho Chi Minh City.

He expressed his hope that HCM City would continue creating the best possible conditions for Korean businesses’ investment process and support Korean citizens living in the city.

Regarding the Metro Line No 5 construction project in Ho Chi Minh City, Park Noh Wan said leaders from Korean ministries and agencies are set to work with the Vietnam Ministry of Planning and Investment later this month to discuss this project.