Vietnam and the Republic of Korea have signed a memorandum of Understanding (MoU) on green growth cooperation.

The MoU was signed in Seoul on August 24 by Minister of Planning and Investment Bui Quang Vinh and Chairman of the Korea International Cooperation Agency (KOICA) Park Dae-won.

Minister Vinh highly valued the RoK Government’s non-refundable aid channeled to Vietnam through KOICA, reaching up to US$20 million per year.

He said he hopes KOICA will continue assisting Vietnam in implementing the three key pillars proposed in the Vietnam-RoK Cooperation Program – infrastructure, human resources development and green growth.

He asked KOICA to cooperate with the Minister of Planning and Investment (MPI) to deploy prioritized projects on economic management and public-private partnerships (PPPs).

KOICA Chairman Park Dae-won pledged support for Vietnam’s green development and human resource training projects.

He said that the RoK Government and KOICA consider Vietnam an important and reliable partner in non-refundable aid.

On the same day, Minister Vinh met with President of the Korea Development Institute (KDI), Oh-Seok Hyun.

He also witnessed the signing of an expanded Knowledge Sharing Program (KSP) project between the KDI and the MPI Development Strategy Institute.

Vinh called on the KDI to help train Vietnamese officers in macro-economic analysis and forecasting, economic restructuring, and foreign investment policy.

(VOV)