Binh Duong, Gangnam district sign strategic cooperation deal
The southern province of Binh Duong and Gangnam district of the Republic of Korea (RoK)’s Seoul city signed a strategic cooperation agreement via videoconference on January 6 to promote international trade and cultural exchange activities.
BinhDuong (VNA) – The southern province of Binh Duong and Gangnamdistrict of the Republic of Korea (RoK)’s Seoul city signed a strategiccooperation agreement via videoconference on January 6 to promote internationaltrade and cultural exchange activities.
Speaking at the event, Chairman of the provincialPeople’s Committee Vo Van Minh said Binh Duong lies in the southeast of Vietnamand in the centre of the southern key economic region comprising Ho Chi MinhCity, Dong Nai, Binh Duong, Ba Ria – Vung Tau, Binh Phuoc, Tay Ninh, Long Anand Tien Giang.
As one of the localities with high growth and dynamic industrialdevelopment, Binh Duong is now home to over 4,000 projects by foreigninvestors, including more than 800 Korean investors in key fields ofelectricity, electronics, support industry, precision engineering, medicalequipment, food processing, apparel, leather and footwear.
The province has so far established bilateral ties with 10cities and provinces worldwide and is also an official member of prestigiousmultilateral organisations such as the WorldTechnopolis Association(WTA) and the Intelligent Community Forum (ICF).
On the occasion, Vietnam’s BecamexIDC and the Gangnam-based Conventiꦍon & Exhibition Center (COEX) reportedtheir joint activities, including the signing of a deal to manage and run the 22,000sq.m World Trade Center Binh Duongౠ New City Expo, which is to reopen inearly 2022./.
The US’s Warburg Pincus plans to implement a cross-border e-commerce project in Binh Duong province – a magnet for FDI in the south of Vietnam, according to the provincial People’s Committee.
Becamex Tokyu Co. Ltd, a joint venture between Vietnam’s Becamex IDC Corp and Japan’s Tokyu Corporation, began construction of the first shopping centre named Sora Gardens SC in Binh Duong New City in the southern province of Binh Duong on December 28.
With its import and export values growing 14.7 and 13.5 percent year-on-year to hit 24.6 and 31.5 billion USD in 2021, respectively, the southern province of Binh Duong recorded a trade surplus at 6.8 billion USD.
The southern province of Binh Duong, one of the localities hard hit by the COVID-19 pandemic last year, will make great efforts to achieve targets set for 2021-2025, with annual economic growth set at 8.5 percent.
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Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
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At the signing ceremony (Photo: VNA) 
