As part of the working program in South Korea, on the afternoon of April 14, 2023, the delegation from Binh Phuoc province, led by Central Party Committee Member and Secretary of the Provincial Party Committee - Mr. Nguyen Manh Cuong, visited and worked with Jeollanam province, South Korea.
In attendance were Mr. KIM YUNG-ROK – Governor, Mr. SEO DONG WOOK - Chairman of the Provincial Council, and leaders of various agencies of Jeollanam province, South Korea.
During the working session, Governor KIM YUNG-ROK of Jeollanam province, South Korea, emphasized the similarities and potential for cooperation between Binh Phuoc and Jeollanam. He expressed hope for both sides to continue implementing practical measures to further promote cooperation between the two provinces in the future.
Speaking on behalf of the Binh Phuoc delegation, Secretary of the Provincial Party Committee - Mr. Nguyen Manh Cuong expressed gratitude to Governor KIM YUNG-ROK and Chairman SEO DONG WOOK of the Provincial Council of Jeollanam for their warm reception. He also praised the cooperative relationship between Vietnam and South Korea in general, and between Binh Phuoc and Jeollanam provinces in particular, over the past time. He expressed the desire for Governor KIM YUNG-ROK to continue supporting and promoting cooperation between the two provinces, especially in introducing and selecting of reputable and experienced investors from South Korea to survey and implement investment projects aligning with the potential and strengths of Binh Phuoc province, and also organizing cultural exchange activities.
South Korea is the largest foreign investor in Vietnam with nearly 9,500 ongoing projects, and a total registered capital of over $80.6 billion, accounting for 18.5%. The investments are mainly in the fields of processing industry, manufacturing, electronics, high technology, smart urban development, logistics, construction...
Since establishing diplomatic relations on December 22, 1992, the friendly and cooperative relationship between Vietnam and South Korea has been continuously strengthened and rapidly developed in various fields. The elevation of the relationship to a strategic cooperative partnership in October 2009 marked a significant milestone, contributing to deeper and broader cooperation between Vietnam and South Korea.
For Binh Phuoc, the friendly and cooperative relationship with Jeollanam province has been increasingly consolidated and strengthened over the years. The two sides regularly maintain friendly relations, explore each other's strengths to sign cooperation agreements, promote investment, and support each other in development. This is evidenced by the international cooperation agreements signed between the two provinces, including the Memorandum of Understanding between the People's Committee of Binh Phuoc province and the Provincial Council of Jeollanam on December 25, 2019, the Intent of Cooperation between the People's Committee of Binh Phuoc province and the government of Jeollanam province, South Korea, on August 30, 2022, and most recently on December 21, 2022, when the People's Council of Binh Phuoc province signed a Memorandum of Understanding with the Provincial Council of Jeollanam.
These practical activities contribute to strengthening the friendship between Vietnam and South Korea in general, and between Binh Phuoc and Jeollanam provinces in particular. They provide favorable conditions for promoting cooperation in economic, cultural, and social sectors, creating a solid foundation for Korean businesses investing in the province to operate with confidence and facilitating the call for Korean investors to come to Binh Phuoc and vice versa.
ACCORDING TO NGUYEN THI HANG
ELECTRONIC INFORMATION PAGE OF DEPARTMENT OF FOREIGN AFFAIRS OF BINH PHUOC PROVINCE