Bac Giang lures 2.7 billion USD from RoK investors

09:39 | 03/07/2024FDIFollow Ven.vn on
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.
Bac Giang lures 2.7 billion USD from RoK investors
Illustrative image. (Source: pbgdpl.bacgiang.gov.vn)

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.

Source: VNA
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