○ Gyeonggi Vice Governor Ko Yeong-in met with Vinh Phuc Chairman Tran Duy Dong at the Gyeonggi Provincial Government Complex on April 1, 2025.
– Discussions on strengthening economic cooperation to overcome global trade uncertainties

On April 1, Gyeonggi Province Vice Governor for Economy Ko Yeong-in met with Vinh Phuc Provincial People’s Committee Chairman Tran Duy Dong. The two discussed ways to strengthen economic cooperation between both regions at the Gyeonggi Provincial Government Complex.

Located in northern Vietnam adjacent to the capital city of Hanoi, Vinh Phuc Province is a key economic hub that attracts active investment worldwide. As a major investor in the region, South Korea ranks first in both the number of investing companies and total investment volume. Chairman Tran Duy Dong, an investment expert who served as the former Deputy Minister of Planning and Investment of Vietnam, is pursuing various policies to boost investment in Vinh Phuc.

The delegation’s visit to Gyeonggi Province was arranged at the chairman’s request as a part of his visit to Korea to promote Vinh Phuc’s investment environment.

Vice Governor Ko stated, “Korea and Vietnam are integral economic partners to one another. In the midst of growing uncertainties in the trade sector, closer cooperation between our two countries will offer even greater benefits for companies.”

He added, “Vinh Phuc is a major destination for Korean companies, and I hope to see expanded policy support to help Korean and Gyeonggi-based businesses operating in the region grow further and operate more stably.”

Ko also noted, “We plan to host G-FAIR in Ho Chi Minh City this September. It will be an exhibition that showcases outstanding Gyeonggi products, and we hope Vinh Phuc Province will participate in the event.”

“I am well aware that Gyeonggi Province stands out with significant trade volume and a large number of major corporation locations even in Korea,” Chairman Tran responded. “Many Korean investors in Vinh Phuc are from Gyeonggi Province, and I ask you to encourage more companies from the province to invest in our region.”

He continued, “We look forward to increased exchanges with Gyeonggi Province and will ensure that Vinh Phuc participates in this year’s G-FAIR in Ho Chi Minh City.”

Often referred to as “Post-China,” Vietnam is one of the fastest-growing of the major emerging economies, with an expected economic growth rate of 7.09% in 2024, and is becoming increasingly important to global supply chains.

Gyeonggi Province remains committed to supporting expansion by local businesses into Vietnam. The provincial government’s efforts include the establishment of the Gyeonggi Business Center (GBC) in Ho Chi Minh City in 2016 and this year’s upcoming G-FAIR in September.