Viet Nam's Ministry of Transport (MoT) and South Korea's Ministry of Land, Infrastructure and Transport (MoLIT) on Wednesday signed a Memorandum of Understanding (MoU) to promote bilateral co-operation in the railway sector.
Viet Nam’s Ministry of Transport (MoT) and South Korea’s Ministry of Land, Infrastructure and Transport (MoLIT) on Wednesday signed a Memorandum of Understanding (MoU) to promote bilateral co-operation in the railway sector.
The two sides have agreed to co-operate in a number of fields, such as railway, seaport, shipbuilding and logistics.
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| Representatives of Việt Nam’s transport ministry and South Korean counterparton Wednesday signed a Memorandum of Understanding to promote bilateral co-operation in the railway sector. — Photo nhandan.com.vn |
Choi Jeong-ho, deputy minister of MoLIT, said the ministry was willing to share its experiences, support Việt Nam in the implementation of projects and help in transport development, especially in training human resources and connecting the transportation businesses between both countries.
He also expressed interest in becoming an investor in Long Thành International Airport in the southern Đồng Nai Province, which is expected to become one of the largest airports in Việt Nam with an annual capacity to handle 100 million passengers and five million tonnes of cargo.
Nguyễn Hồng Trường, Việt Nam’s deputy transport minister, said that the two nations had co-operated in four projects including Vĩnh Thịnh bridge, Southern Coastal Corridor, National Highway 18 (Chí Linh-Biểu Nghi section), and HCM City-Trung Lương Expressway.
“In terms of aviation, South Korea and Việt Nam have close co-operation in passenger and goods transport, ground services and human resources training. Now we will also work closely in areas such as maritime, shipbuilding, seaport construction, and loading and unloading equipment,” Trường added.
Earlier, South Korea and Việt Nam had signed a Free Trade Agreement, which came into effect at the end of 2015, giving a boost to economic co-operation between the two countries. The growth potential of Việt Nam’s economy offers great investment opportunities for Korean businesses.
(Source:VNS)
