Forum seeks to enhance Vietnam-RoK cooperation

Cooperation between Vietnam and the Republic of Korea (RoK) has achieved remarkable and comprehensive development in most fields over the past 30 years since the establishment of diplomatic relations, Deputy Prime Minister Pham Binh Minh has said.
Forum seeks to enhance Vietnam-RoK cooperation ảnh 1Choo Kyung-ho, RoK Deputy Prime Minister and Minister of Economy and Finance, speaks at the event. (Photo: VNA)

Seoul (VNA) – Cooperation between Vietnam and the Republic of Korea (RoK) has achieved remarkable and comprehensive development in most fields over the past 30 years since the establishment of diplomatic relations, Deputy Prime Minister Pham Binh Minh has said.

The two countries have become leading important partners of each other, Minh said in a video that was sent to the Maekyung Global Forum held in Seoul on June 23 as part of activities to celebrate the 30th founding anniversary of the bilateral diplomatic ties.

The event was organised by the Vietnam Chamber of Commerce and Industry (VCCI), the RoK’s Maekyung Media Group and the Korean Chamber of Commerce and Industry (KCCI).

Despite the negative impacts of the COVID-19 pandemic, the Vietnam - RoK strategic cooperative partnership has continued to grow strongly, practically and effectively with a very solid and increasingly extensive cooperative foundation in all fields, Minh said, adding that the two countries are aiming to upgrade their relations to a comprehensive strategic partnership.

There remains a lot of room and potential for cooperation between the two  nations, he said.

The Deputy PM affirmed that the Vietnamese Government is committed to creating an open, favourable and equal business and investment environment for foreign investors, including those from the RoK, meeting the requirements of integration as well as the international norms in a new stage of development.

Minh also suggested three measures to enhance cooperation between the two countries in the future.

First, it is necessary for the RoK and Vietnam to push investment collaboration in priotised fields, including high technology and innovation; green and digital economy, and digital transformation; clean energy, and smart and ecological urban areas, and high-quality services; and green industrial parks.

Second, the two sides should work together to promote regional economic links, the effectiveness of the Vietnam - Korea Free Trade Agreement (VKFTA) and the implementation of the Regional Comprehensive Economic Partnership (RCEP).

Forum seeks to enhance Vietnam-RoK cooperation ảnh 2The forum draws the participation of 200 businesses of the Republic of Korea. (Photo: VNA)

Finally, it is essential to deploy the upgrade of the bilateral relations to a comprehensive strategic partnership based on a digital platform, opening investment opportunities and connecting businesses, he said.

RoK businesses should increase technology transfer, build research and development (R&D) centres in Vietnam, and share experience and knowledge about digital transformation and corporate governance with their Vietnamese counterparts, Minh added.

Addressing the event, Choo Kyung-ho, RoK Deputy Prime Minister and Minister of Economy and Finance, said bilateral trade between the two countries has increased 160-fold since the establishment of diplomatic relations to 80.7 billion USD in 2021. Vietnam has become the 4th largest trade partner of the RoK and the latter is Vietnam's 3rd largest trade partner, he said.

Choo proposed that the two countries should expand collaboration to new areas associated with digital and green technology, cooperate to build a stable supply chain, infrastructure and smart cities, and join hands in climate change response./.

VNA

See more

At the ceremony marking the handover of duties at the Party Central Committee’s Office on February 7 (Photo: VNA)

Party Central Committee’s Office welcomes new chief

Politburo member, Secretary of the Party Central Committee and Chairman of the committee’s Inspection Commission Nguyen Duy Ngoc on February 7 handed over the duties of the Chief of the committee’s Office to Secretary of the Party Central Committee Le Hoai Trung.

Prime Minister Pham Minh Chinh (right) and Thai Ambassador Urawadee Sriphiromya. (Photo: VNA)

PM welcomes new ambassadors of Pakistan, Thailand

Prime Minister Pham Minh Chinh hosted separate receptions in Hanoi on February 7 for Pakistani Ambassador Kohdayar Marri and Thai Ambassador Urawadee Sriphiromya, who recently took up their diplomatic posts in Vietnam.

Vietnamese President Luong Cuong (R) and Bulgarian President Rumen Radev at their meeting in Hanoi on November 25, 2024 (Photo: VNA)

Vietnam, Bulgaria enjoy thriving ties through more than seven decades

Building on this tradition, over the past more than seven decades, both countries have made continuous efforts to enhance and consolidate bilateral relations through regular exchanges of high-level delegations, the establishment of the Intergovernmental Committee and regular political consultations, the implementation of numerous agreements and cooperative programmes, and mutual support at international forums.

Delegates attend banquet to celebrate the 75th founding anniversary of diplomatic relations between Vietnam and DPRK (Photo: Ministry of Foreign Affairs)

75th anniversary of Vietnam-DPRK diplomatic relations marked in Hanoi

Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son said the Vietnam-DPRK traditional friendship, nurtured by President Ho Chi Minh and President Kim Il Sung, has overcome historical challenges and been continuously strengthened by generations of Vietnamese and DPRK leaders.

Deputy Minister of Defence Sen. Lieut. Gen. Hoang Xuan Chien (R) receives Colonel S. Muthukrishnan, Indian Defence Attaché in Vietnam, at the Ministry of Defence headquarters in Hanoi on February 6. (Photo: qdnd.vn)

Vietnam, India enhance defence cooperation

The Deputy Minister suggested that both nations focus on implementing the exchange of delegations, especially high-level ones, and maintaining existing cooperation mechanisms, particularly in training programmes and defence industry collaboration.