The Prime Minister’s summit attendance and visit are made at the invitation of RoK President Park Geun-hye.
ASEAN and the RoK have unceasingly boosted their dialogue ties, andthe relationship was upgraded to strategic partnership in 2010.
The two sides target a two-way trade of 150 billion USD by 2015 and 200 billion USD by 2020.
The RoK is now Vietnam’s second largest foreign direct investor andtrade partner with two-way trade turnover hitting 27.5 billion USD in2013.
The country is also the second largest ODA provider for Vietnam with a total commitment of 1.2 billion USD in 2012-2015.-VNA
Vietnamese, Panamanian leaders meet the press following talks
Both sides agreed that there is ample room for cooperation, particularly in trade, investment and services. They pledged to step up joint work in the economic, trade, investment, agriculture, port logistics, finance, banking, tourism and transport sectors, as well as other areas of mutual strength. They also plan to continue negotiating agreements on investment protection, aviation and other areas to create a more favourable framework for expanding cooperation.