Party General Secretary Nguyen Phu Trong hosted Speaker of the National Assembly of the Republic of Korea (RoK) Chung Ui-hwa in Hanoi on March 18, congratulating the RoK on becoming the largest investor in Vietnam.

The RoK is also a leading trade partner and provider of official development assistance of Vietnam.

He hailed the recent conclusion of negotiations on the Vietnam-RoK free trade agreement in December 2014, assisting the targeted trade value of 70 billion USD by 2020.

The Party chief committed all possible resources to facilitating Korean business operations in Vietnam and underscored the value of cooperation between the two legislative bodies in lawmaking and supervising law enforcement.

Speaker Chung Ui-hwa stated that the NA, government and people of the RoK have strong confidence in Vietnam’s growth prospects.

He expressed his desire to deepen bilateral coordination across fields, and vowed continued efforts to develop the friendship and enhance the engagement between the two legislatures and peoples.-VNA