Delegation of Ministry of Land, Infrastructure and Transport of Korea visits and works in Bac Ninh

Secretary of the Provincial Party Committee Nguyen Anh Tuan (third from right), Standing Vice Chairman of the Provincial People's Committee Vuong Quoc Tuan (fourth from left) take a souvenir photo with Korean Minister of Land, Infrastructure and Transport Park Sang Woo (fourth from right) and the delegation.

Participants at the meeting were Mr. Nguyen Anh Tuan, Member of the Party Central Committee, Secretary of the Provincial Party Committee (PPC), and Head of the Provincial Delegation of National Assembly Deputies; Mr. Vuong Quoc Tuan, Alternate Member of the Party Central Committee, Standing Vice Chairman of the Provincial People's Committee and leaders of departments, branches, sectors and localities.

Standing Vice Chairman of the Provincial People's Committee Vuong Quoc Tuan (far right) and Deputy General Director of Korea Real Estate Corporation Kim Jae Kyung (far left) present the Memorandum of Understanding on Urban Development in the Southeast region of Bac Ninh city, Bac Ninh province.

At the meeting, PPC’s Secretary Nguyen Anh Tuan briefed the guest on local socio-economic achievements, high-quality human resources, and sound policies that have helped the province lure nearly USD 28 billion in more than 2,300 foreign direct investment projects from 41 countries and territories worldwide.

PPC’s Secretary Nguyen Anh Tuan and Standing Vice Chairman of the Provincial People's Committee Vuong Quoc Tuan exchange with Minister of Land, Infrastructure and Transport of Korea Park Sang Woo.

Korean enterprises have landed investments and run successful business in Bac Ninh and Vietnam as a whole, contributing to deepening the Comprehensive Strategic Partnership between the two nations, he said, adding the RoK, a leading investor in the province with nearly 1,000 projects worth 14.65 billion USD, has contributed greatly to the local socio-economic development.

Secretary Tuan said that as the General Director of the Korea Land and Housing Corporation (LH) for years, Park hastened the signing of the Memoranda of Understanding on Vietnam – RoK partnership on urban area growth in June 2023, and urban area development in Bac Ninh’s southeastern region earlier this month. At the same time, Tuan expressed his belief that with its management system, financial capacity and experience, LH will prepare the necessary conditions at the earliest to carry out cooperation activities and possibly implement the project with the province in the coming time.

PPC’s Secretary Nguyen Anh Tuan presents traditional craft village products to Korean Minister of Land, Infrastructure and Transport Park Sang Woo.

Laying a stress on the locality’s various potential projects, Tuan hoped that Park would continue introducing Korean enterprises to the province. At the same time, he wished that the urban area in the Southeast of Bac Ninh city in particular and the projects of Korean investors in Bac Ninh in general would create a highlight for the province's urban development in the coming time.

PPC’s Secretary Nguyen Anh Tuan presents Dong Ho folk paintings to Deputy General Director of Korea Real Estate Corporation Kim Jae Kyung.

For his part, Mr. Park Sang Woo highly appreciated Bac Ninh’s strategic location as well as its business climate and investment policies. With many large enterprises investing in the province and an abundant labor force, Bac Ninh is truly an attractive destination for Korean investors.

He affirmed that Korea and Bac Ninh have a close relationship with many similarities, both have small areas but strong economic growth rates. With experience in the field of urban development, Korea is committed to sharing and supporting Bac Ninh to successfully develop new urban areas in the future, moving towards expanding nationwide.

Previously, the delegation of the Ministry of Land, Infrastructure and Transport of Korea visited and surveyed the Golden Park Social Housing Area in Phuong Lieu Ward, Que Vo Town.