Local leaders of the southern province of Ba Ria – Vung Tau and Pohang city of the Republic of Korea (RoK) on November 1 signed a memorandum of understanding (MoU) on bilateral cooperation.
The MoU will lay a foundation for the southern province of Ba Ria-Vung Tau and Pohang to accelerate investment ties, share information and assist each other in different aspects, such as economics, tourism, culture and social affairs.
The southern province is one of the most attractive destinations for RoK investors with 53 projects worth around US $3.3 billion.
The RoK is the largest foreign investor in Vietnam via 2,900 projects valued US $24 billion./.