Promoting bilateral cooperation between Ninh Binh province and Korea

Receiving and working with the delegation were comrades: Doan Minh Huan, member of the Party Central Committee, Secretary of the Provincial Party Committee; Pham Quang Ngoc, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee. Also attending the reception and working with the delegation were leaders of a number of relevant departments, branches, sectors and agencies.

Expressing his joy and excitement at welcoming the Korean Ambassador to Vietnam and the delegation to visit and learn about the reality in Ninh Binh, Provincial Party Secretary Doan Minh Huan said that this is an opportunity to open up opportunities to promote bilateral cooperation between Ninh Binh province and Korea.

Briefing on some of Ninh Binh's outstanding achievements, Secretary of the Provincial Party Committee Doan Minh Huan said: With its strategic location and rich historical and cultural traditions, in recent years, Ninh Binh province has made many breakthroughs in economic restructuring, converting to green and modern production methods, promoting urbanization, and building new rural areas.

In 2023, in the context of many difficulties in the world and Vietnam's economy, Ninh Binh still achieved a growth rate of 7.27%, being one of the localities that balanced its own budget and regulated it to the Central Government.

In that transition, there are important resources from international integration, especially promoting cooperation with Korean partners, typically the joint venture cooperation between Hyundai Motor and Thanh Cong Group in recent times has contributed to making Ninh Binh one of the three largest automobile manufacturing centers in the country.

Sharing the development orientation of the province, the Secretary of the Ninh Binh Provincial Party Committee emphasized: The province has identified tourism development, cultural industry, heritage economy as the spearhead, mechanical industry, high-tech industry as the driving force and innovative startups as the breakthrough. At the same time, he said that Ninh Binh will soon announce the provincial planning for the period 2021-2030, with a vision to 2050, and will provide a list and order of priorities to attract investment, so the province is looking forward to receiving support, connection, and information from the Ambassador to Korean businesses to participate and strongly promote the multifaceted cooperation relationship between the two sides.

Promoting bilateral cooperation between Ninh Binh and Korea — Comrade Secretary of Ninh Binh Provincial Party Committee spoke at the meeting.

He emphasized: On the basis of the mechanical industry, Ninh Binh will expand the ecosystem for the transport mechanical industry. This is a field with great potential and room for development, especially when Ninh Binh already has Hyundai Thanh Cong Automobile Factory No. 2 and Vietnam has participated in most of the new generation free trade agreements, with an open economy based on market principles. Therefore, Ninh Binh is eager to expand cooperation in this field to not only meet domestic demand but also export.

Affirming that Korea is a powerhouse in digital technology, innovation capacity, cultural and media industry development, and has a strong economic relationship with Vietnam, the Provincial Party Secretary respectfully requested the Ambassador to consider supporting and connecting cooperation between Ninh Binh and Korean organizations and localities in the fields of resort tourism; sports economy - one of Korea's strengths, but still an untapped market for Vietnam and Southeast Asia.

In addition, Ninh Binh wishes to be supported to promote cooperation and exchange experiences in managing, preserving and promoting the value of world cultural and natural heritage, as well as developing semiconductor industry, big data centers, artificial intelligence... Highly appreciating the capacity for innovation, the Provincial Party Secretary believes that expanding cooperation to these fields will open up development space for both sides.

Emphasizing the unique potentials and advantages of Ninh Binh, through the Ambassador, the Provincial Party Secretary also wished to convey the message of Ninh Binh province with high determination, consistency, and strength in the direction of attracting investment, Ninh Binh always welcomes and creates the most favorable conditions for partners around the world, including Korea, to learn about investment and development opportunities in Ninh Binh.

On this occasion, the Provincial Party Secretary respectfully invited the Ambassador and through him invited partners to attend the announcement ceremony of the Ninh Binh Provincial Planning, scheduled to be held in April, to open up cooperation opportunities in the coming time.

Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Vietnam Choi Youngsam thanked the provincial leaders for their warm welcome to the delegation, and said that this was his second visit to Ninh Binh and he was very impressed with the natural scenery and people of Ninh Binh. Appreciating the development of Ninh Binh in recent years and the strategic orientations of Ninh Binh, Mr. Choi Youngsam said that Ninh Binh is a locality with a lot of new energy and great potential, creating new cooperation opportunities for Korean partners in the coming time.

Listening to the enthusiastic and sincere sharing of the Provincial Party Secretary about the Provincial Planning for the period 2021-2030, vision to 2050, development orientations, priority lists for attracting investment in Ninh Binh province, the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Vietnam said that with political determination and great aspirations, Ninh Binh will continue to achieve even greater achievements in the journey to realize strategic goals.

Mr. Choi Youngsam expressed his joy and honor that Ninh Binh considers Korea as a leading reliable partner in the process of implementing the Provincial Planning. In his position, the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Vietnam will do his best to promote the cooperative relationship in the coming time.

Mr. Choi Youngsam said that many businesses highly appreciated the support and companionship of Ninh Binh province in the past time; in the coming time, they hope to continue to receive the attention and support of Ninh Binh province, creating conditions for Korean businesses to continue to develop further.

Impressed with Ninh Binh's orientation towards developing transport mechanical technology, Mr. Choi Youngsam also shared more about some areas that the Korean Government is prioritizing cooperation with the Vietnamese Government, such as issues of start-up cooperation, cooperation to expand ODA projects for Vietnam, expanding cooperation to develop the semiconductor industry, green technology for sustainable growth...

Affirming the sustainable development cooperation relationship between Ninh Binh and Korea has been nurtured through many generations of provincial leaders and has achieved many achievements, bringing benefits to both sides, a typical example of which is the development cooperation of the automobile manufacturing and assembly joint venture between Hyundai Group and Thanh Cong Group.

Mr. Choi Youngsam believes that with the foundation of good relations, in the coming time, Korean investors coming to Ninh Binh, including Hyundai Group, will continue to grow stronger and continue to make important contributions to promoting the automobile manufacturing and assembly industry in particular and the transportation mechanical industry of Ninh Binh.

Appreciating Ninh Binh's orientations in developing cultural industries, as well as the province's potential for cooperation in innovative startups, the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Vietnam said that he will continue to support the province in attracting investment from Korean enterprises. In the immediate future, based on Ninh Binh's proposal, the Ambassador of the Republic of Korea to Vietnam will soon send a delegation to Ninh Binh to explore opportunities as well as propose directions for developing cooperation in the fields of culture, health, tourism, etc.