NA Chairwoman Nguyen Thi Kim Ngan (Photo: VNA) Hanoi (VNA) – A high-level delegation of the Vietnamese NationalAssembly (NA) led by NA Chairwoman Nguyen Thi Kim Ngan will pay an officialvisit to the Republic of Korea from December 4-7.
The visit will be made at the invitation of Speaker of the RoK NationalAssembly Moon Hee-sang, the NA Committee for External Affairs said in astatement.
Vietnam and the RoK establisheddiplomatic ties on December 22, 1992. They set up their comprehensive strategicpartnership in August 2001, and lifted the ties to a strategic cooperativepartnership in October 2009.
The bilateral political and diplomatic relationsare strong, which is reflected through regular high-level visits and meetings.
In 2006, an agreement on cooperation between thetwo legislatures was signed, an important legal document for both sides todevelop their friendship and 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 in 1992 to 61.5 billion USD in 2017,of which 14.8 billion USD came from Vietnam’s exports, up 30 percent from theprevious year, and 46.7 billion USD from the Southeast Asian country’s imports,a year-on-year increase of 45.3 percent.
The two countries are working to raise theturnover to 100 billion USD by 2020.-VNA
VNA
