Vietnam, RoK hold joint committees’ sessions

Seoul (VNA) – Two joint committees between Vietnam and the Republic of Korea have taken place in Seoul to promote bilateral trade and investment.

The Vietnamese delegation to the events was led by Minister of Industry and Trade Tran Tuan Anh, while the RoK delegation was headed by Minister of Trade, Industry and Energy Joo Hyung-hwan.

In the minutes signed at the end of the seventh session of the Vietnam-RoK Joint Committee on cooperation in nuclear power, industry and trade, the two sides were unanimous on some contents of bilateral cooperation in such fields as energy and mineral, technology incubator, material and spare part production, human resources development, garment-textile, distribution, logistics and trade promotion.

This will be foundation for the two sides to build and carry out specific projects to boost collaboration in industry, trade and energy.

In the joint statement of the first session of the Joint Committee on the implementation of the Vietnam-Korea Free Trade Agreement (VKFTA), the two sides acknowledged each other’s efforts in carrying out bilateral cooperation activities in the fields of animal and plant quarantine, technical standard, thus implementing commitments in the VKFTA effectively.

Ministers Tran Tuan Anh and Joo Hyung-hwan spoke of the development of the two countries’ economic, trade and investment ties in recent years, especially after the VKFTA came into effect in late 2015.

They agreed to continue efforts to deepen the trade, industry and energy cooperation, contributing to realising the two countries’ strategic cooperative partnership and the goal of 70 billion USD in bilateral trade by 2020.

They also agreed to convene the next sessions of the two joint committees in 2017. The time and venue will be discussed and fixed later.-VNA