Hanoi (VNA) –Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan on July 13sent a message of congratulations to Moon Hee-sang on his election as Speakerof the National Assembly of the Republic of Korea (RoK).
The RoK’s lawmakers approved on July 13a proposal to elect Moon, a six-term lawmaker of the ruling Democratic Party(DP), as the speaker for the second half of the 20th National Assembly'sfour-year term as parties agreed earlier this week to normalize parliamentafter a more than 40-day legislative vacuum, reported the Yonhap News Agency.
Theyalso voted in favor of Lee Ju-young of the main opposition Liberty Korea Party(LKP) and Joo Seung-yong of the minor opposition Bareunmirae Party as the twovice speakers.
Vietnam and the RoKofficially established diplomatic ties on December 22, 1992. The RoK iscurrently Vietnam’s largest foreign investor, with over 6,760 valid projectswhich have total registered capital of more than 59 billion USD.
Vietnam is now thefourth largest trading partner of the RoK while the East Asian country isVietnam's second-largest. Two-way trade reached 61.5 billion USD in2017, up 41 percent year on year, including 14.8 billion USD worth ofVietnamese exports, a rise of 30 percent over 2016.
The RoK isone of Vietnam’s biggest official development assistance (ODA) providers. Since1992, the RoK has offered 2.8 billion USD in ODA to Vietnam to carry out nearly60 projects, mostly in transport infrastructure, urban development, healthcare, and water supply and drainage.-VNA