Chairwoman of the National Assembly Nguyen Thi Kim Ngan (Photo: VNA) Hanoi (VNA) – Chairwoman of the National Assembly Nguyen Thi Kim Ngan left Hanoi onDecember 4 morning for a four-day official visit to the Republic of Korea (RoK)at the invitation of Speaker of the RoK NationalAssembly Moon Hee-sang.
Joining the delegation were Chairman of the NA Committee for ExternalRelations Nguyen Van Giau; Secretary General of the NA and Chairman of the NAOffice Nguyen Hanh Phuc; Chairman of the NA Committee for Deputy Affairs TranVan Tuy; Chairwoman of the NA Committee for Justice Le Thi Nga; Minister ofLabour, War Invalids and Social Affairs Dao Ngoc Dung and Minister of Industryand Trade Tran Tuan Anh, among others.
The visit is of significance as it signals the importance Vietnam hasattached to the strategic cooperative partnership with the RoK as well as itswish to elevate the relationship to a new height.
Through the visit, Vietnam wants to affirm its support for the RoK’s NewSouthern Policy and the implementation of the cooperation agreement between thetwo legislatures, thus developing legislative ties both bilaterally andmultilaterally.
Vietnam and the RoK established diplomatic ties on December 22, 1992.They set up their comprehensive strategic partnership in August 2001, andlifted the ties to the level of strategic cooperative partnership in October2009.
The bilateral political and diplomatic relations are strong, which isreflected through regular high-level visits and meetings.
In 2006, an agreement on cooperation between the two legislatures wassigned, an important legal document for both sides to develop their friendshipand cooperation.
The nations also established importantsecurity-defence cooperation mechanisms, including a security dialogue anddefence dialogue at the deputy ministerial level.
The RoK is currently one of Vietnam’s mostimportant economic partners, ranking first in terms of investment, and secondin development cooperation, trade and tourism.
Two-way trade jumped from 500 million USD in1992 to 61.5 billion USD in 2017, of which 14.8 billion USD came from Vietnam’sexports, up 30 percent from the previous year, and 46.7 billion USD from theSoutheast Asian country’s imports, a year-on-year increase of 45.3 percent.
The two countries are working to raise the turnoverto 100 billion USD by 2020.-VNA
VNA
