According to the southern province's decision, the planned area covers more than 3,131 ha, and is situated to the west of the Nhon Trach new urban area, bordering the Dong Nai River and Ho Chi Minh City.
During a meeting with Vietnamese Prime Minister Le Minh Hung, South Korean President Lee agreed with the proposals, affirming coordination with Vietnam to identify measures to raise bilateral trade to $150 billion by 2030 in a more balanced manner, and to facilitate deeper participation by Vietnamese firms in the RoK’s global supply chains.
In particular, the South Korean delegation praised the Vietnam-Korea Institute of Science and Technology (VKIST) as a flagship model for bilateral cooperation.