The International Contractors Association of the Republic of Korea (RoK) (ICAK) and the Vietnam Association of Construction Contractors (VACC) signed a memorandum of understanding on June 22, during an ongoing State visit by President of the RoK Yoon Suk Yeol.
|The MoU signing ceremony between the International Contractors Association of the RoK and the Vietnam Association of Construction Contractors on June 22. (Photo: VNA) |
Hanoi – The International Contractors Association of the Republic of Korea (RoK) (ICAK) and the Vietnam Association of Construction Contractors (VACC) signed a memorandum of understanding on June 22, during an ongoing State visit by President of the RoK Yoon Suk Yeol.
ICAK Chairman Park Sun-ho said the two associations have made substantial contributions to their countries’ relations in the field of construction, noting that under the MoU, enterprises of both sides will build new plans to further develop their partnerships in construction.
He expressed his hope that with the RoK’s experience in developing infrastructure and underground structures, the countries can jointly carry out projects.
Following the signing, the two sides will discuss with each other to make plans on the projects that can be carried out in the time ahead, he went on, adding that ICAK hopes to receive suggestions from the VACC and construction companies of Vietnam.
For his part, VACC Chairman Nguyen Quoc Hiep said in the field of investment and construction, a number of leading Korean enterprises have been present in Vietnam for many years such as Samsung, Hyundai, and Dong A. With their rich experience, Korean firms have been gaining a foothold in the Vietnamese market.
Hiep described the MoU signing as a special milestone in the ties between Vietnamese and Korean construction companies as it will open up opportunities for cooperation and mutual assistance in such areas as construction technology, bidding, material supply, and manpower training.
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The Ambassador of the Republic of Korea (RoK) to Vietnam, Oh Young Ju, has said the upcoming Vietnam visit by the RoK’s President Yoon Suk Yeol from June 22-24 holds significance as it is the first year the two countries have deployed their Comprehensive strategic partnership.
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President of the Republic of Korea (RoK) Yoon Suk Yeol and his wife Kim Keon Hee on June 22 visited and talked to students at the Faculty of Korean Language and Culture of the University of Languages and International Studies under the Vietnam National University – Hanoi (VNU), as part of the President’s state visit to Vietnam.