Bac Ninh strengthens cooperation with Korean city

Friday, 21/10/2022 16:48
A business forum was co-organized between the northern province of Bac Ninh and Gumi city of the Republic of Korea on October 20 to intensify cooperation between the two localities as well as the two countries.

The event is among activities to celebrate the 30th anniversary of the diplomatic relations between Vietnam and the Republic of Korea.

Overview of the Bac Ninh - Gumi business forum. (Photo: 

Standing Vice Chairman of Bac Ninh People’s Committee Vuong Quoc Tuan said that the forum would open up opportunities for bilateral partnerships in investment, trade, tourism, health care, education, culture and communications.

He overviewed the province’s socio-economic development in recent years with many indicators among the top in the country, especially in attracting foreign investment.

So far, Bac Ninh has attracted foreign investment capital from 39 countries and territories, investing in 16 industries and fields with a total investment of nearly 23 billion USD.

Among them, the Republic of Korea invested the most capital in Bac Ninh with 951 projects, worth 14.25 billion USD, accounting for 62% of the province’s total foreign investment capital. Some Korean investors in the province are Samsung Group, Intops, Hanwha Techwin, and Amkor.

The mayor of Gumi, Kim Jang-ho said among 44 Gumi companies investing in Vietnam, 20 are based in Bac Ninh, which showed the province’s investment attraction policy is effective.

He expressed a hope that the two sides will continue to boost joint work in all aspects.

At the forum, the authorities and business representatives of the two localities exchanged, discussed and introduced the activities of enterprises of Gumi and Vietnam; introduced industrial parks, investment attraction potential in Bac Ninh; preferential policies for enterprises; and tax policies, solutions to promote the development of logistics and freight./.