(VOVworld)- The central city of Da Nang and the Republic of Korea’s Changwon city have signed a Memorandum of Understanding (MOU) to boost friendship and cooperation.
Under the MOU, the two cities will increase delegation exchanges and promote cooperation for mutual benefit in administration, economics, education, culture and art. The agreement will also foster cooperation in investment, human resources training, and tourism development.
Korea now has 35 investment projects in Da Nang capitalized at more than 705 million USD, operating mostly in real estate, garments and textiles, and leather goods and footwear. Meanwhile, some 20 Da Nang enterprises are cooperating with their Korean counterparts.