NDO/VNA – 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.

Speaking at the event, Chairman of the provincial People’s Committee Vo Van Minh said Binh Duong lies in the southeast of Vietnam and in the centre of the southern key economic region comprising Ho Chi Minh City, Dong Nai, Binh Duong, Ba Ria – Vung Tau, Binh Phuoc, Tay Ninh, Long An and Tien Giang.

As one of the localities with high growth and dynamic industrial development, Binh Duong is now home to over 4,000 projects by foreign investors, including more than 800 Korean investors in key fields of electricity, electronics, support industry, precision engineering, medical equipment, food processing, apparel, leather and footwear.

The province has so far established bilateral ties with 10 cities and provinces worldwide and is also an official member of prestigious multilateral organisations such as the World Technopolis Association (WTA) and the Intelligent Community Forum (ICF).

On the occasion, Vietnam’s Becamex IDC and the Gangnam-based Convention & Exhibition Center (COEX) reported their joint activities, including the signing of a deal to manage and run the 22,000 sq.m World Trade Center Binh Duong New City Expo, which is to reopen in early 2022.