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Vietnam cooperates with S.Korea to boost tourism, economy

The Saigon Times

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HCMC – The Vietnam-Korea Businessmen and Investment Association (VKBIA) and South Korea’s Yongpyung Resort have signed a memorandum of understanding to boost the tourism sector and the economy in Vietnam and South Korea in the next three years.

Under the deal, the two sides will jointly organize a host of programs and events to promote tourism and trade in the two markets and expand cooperation and investment, the local media reported.

Speaking at a signing ceremony in Gangwon in South Korea on January 20, Shin Dal-Soon, chairman of Yongpyung Resort, said that over the past 48 years, the firm has been moving toward becoming the leading tourism and hospitality group in South Korea and the world.

The cooperation with VKBIA is expected to boost the tourism and trade industries in the two countries and other markets around the world, said Shin Dal-Soon.

Dr Tran Hai Linh, chairman of VKBIA and a member of the Central Committee of the Vietnamese Fatherland Front, said that the association always aims to foster the best environment to connect Vietnamese enterprises with South Korean firms, fostering the development of various fields, including tourism, trade, technology, culture and education.

South Korea is one of Vietnam’s strategic cooperation partners, while the two countries are taking their ties to new heights.

South Korea is not only Vietnam’s largest foreign investor, but also the latter’s second largest source market.

Over the past few years, South Korea has become an attractive tourist destination for Vietnamese tourists.

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