02/01/2019
On the afternoon of November 22nd 2018, the Korean Industry Technology Association (KOITA) delegation led by Mr. Kim Lee Hwan, Vice Chairman of the Association and several Korean enterprises made a visit to Binh Dinh.
Image of the working
session
Meeting with the delegation, Chairman of the
Provincial People's Committee (PPC), Mr Ho Quoc Dung, Vice Chairman Nguyen Phi
Long and leaders of some concerned departments and agencies. The visiting delegation
consisted of Mr. Nguyen Van Thuong, First Secretary of the Vietnamese Embassy
in Korea, Mr. Nguyen Dang Quang, Second Secretary of the Vietnamese Embassy in
Korea.
At the meeting, PPC Chairman Ho Quoc Dung and
Mr. Kim Lee Hwan, Vice President KOITA signed a Memorandum of Understanding (M.O.U)
between the People's Committee of Binh Dinh Province and the Korea Industry
Technology Association. Accordingly, the common goal is that the two sides will
jointly establish strategic cooperation based on the principle of "mutual
support, long-term cooperation and mutual development"; connecting and
promoting cooperation between Korean enterprises and Binh Dinh’s enterprises in
Vietnam; actively supporting Korean companies to establish manufacture
facilities in industrial parks in Binh Dinh and supporting Binh Dinh companies
to develop investment and business activities in Korea.
The M.O.U has
the following section:
"a) Both Parties jointly organize and
actively support activities, business trips, meetings with each other to promote
effective cooperation.
b) Two sides actively share information and
experiences in the areas of cooperation; make efforts to seek cooperation
opportunities, promote the development of investment and business activities of
Korean and Vietnamese enterprises in the legal framework.
c) Two sides actively advise and support
procedures for each other's businesses if there is any need to invest, do
business and strive for the development of Korean-Vietnamese enterprises;
promote technology exchange and investment cooperation. ”
Also according to the M.O.U, at the beginning
of each year, two parties will develop and reach agreement on the content of specific
implementation plans in the year. A review is performed after five (05) years
of implementation.