At the working session (Photo:VNA)
Those in attendance included Deputy Prime Ministers Nguyen Chi Dung and Ho Duc Phoc, Minister of Industry and Trade Nguyen Hong Dien, along with senior officials from various ministries, sectors, and localities.
On the Korean side, Ambassador to Vietnam Choi Youngsam and numerous executives from major South Korean corporations were present.
In recent years, economic, trade, and investment cooperation has become a bright spot and a key pillar in bilateral relations. Vietnam is not only the RoK’s largest economic partner in ASEAN but also ranks among its top three global partners in trade and investment. Vietnam is also a key partner in the RoK’s Indo-Pacific Strategy.
The two countries share mutual interests and offer mutual support in multilateral cooperation mechanisms, as well as in promoting global economic liberalization.
The RoK remains Vietnam’s largest investor among the 146 countries and territories investing in the country, with total registered capital exceeding US$87 billion across nearly 10,000 projects.
The East Asian nation’s investments focus on key economic sectors such as high technology, electronics, manufacturing and processing industries, energy, automobiles, construction, and real estate.
In trade, the leaders of both nations have set a goal of soon raising bilateral trade turnover to US$100 billion in the near future and US$150 billion by 2030.
