Bac Giang lures 2.7 billion USD from RoK investors
The northern province of Bac Giang has to date attracted 365 projects from the Republic of Korea (RoK) with a total registered capital of nearly 2.7 billion USD.
Bac Giang (VNA) – The northern province of Bac Giang has to date attracted 365 projects from the Republic of Korea (RoK) with a total registered capital of nearly 2.7 billion USD.
According to the provincial Department of Foreign Affairs, the RoK now ranks first in the number of projects, and third, after China and Samoa among the 30 countries and territories investing in the locality, in terms of capital.
Trade between Bac Giang and the RoK reached 16.3 billion USD last year, and some 5.99 billion USD in the first five months of this year. The Northeast Asian nation is Bac Giang’s second biggest importer, after China.
Bac Giang city has signed a cooperation agreement with Seo district of the RoK’s Daejeon city, under which they have stepped up delegation exchanges, and collaboration in green, smart urban area building, economy, education, culture, health care, tourism and public administration.
Over the past time, programmes, projects and aid packages launched by the RoK’s non-governmental organisations and businesses have benefited children, the elderly and those in difficult circumstances in the province.
🐻 Director of the department Ngo Bien Cuong said the province will expand and enhance friendship and cooperation with Korean partners in various spheres in the time ahead, from industry to trade and services./.
Director of the Department of Planning and Investment of the northern province of Bac Giang Bui Thi Thu Thuy has affirmed that the locality will focus on removing obstacles to speed up disbursement and implementing public investment projects in the coming time.
According to the Department of Industry and Trade of Bac Giang province, approximately 67,000 tonnes of lychee have been sold so far, representing about 67% of the province's total output. Bac Giang "thieu" lychee has found its way into many domestic and international markets, notably penetrating several demanding ones.
Fresh lychees from Luc Ngan district, the northern province of Bac Giang, continue to be sold at the supermarket chain of Gourmet Market and shopping malls belonging to Thailand’s The Mall Group this year.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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