Politics

President Nguyen Xuan Phuc calls for more ODA from RoK

President Nguyen Xuan Phuc expressed his hope that the Republic of Korea (RoK) will provide more official development assistance (ODA) for Vietnam with a larger scale while receiving the RoK’s Minister of Foreign Affairs Park Jin in Hanoi on October 18.
President Nguyen Xuan Phuc calls for more ODA from RoK ảnh 1President Nguyen Xuan Phuc (fourth from left), the RoK’s Minister of Foreign Affairs Park Jin (third from left) and officials pose for a group photo. (Photo: VNA)
Hanoi (VNA) – President Nguyen Xuan Phucexpressed his hope that the Republic of Korea (RoK) will provide more official development assistance (ODA) for Vietnam with a larger scale whilereceiving the RoK’s Minister of Foreign Affairs Park Jin in Hanoi on October18.

The President congratulated the RoK on itsachievements in socio-economic development as well as national defence,science, technology and culture.

He noted that Park’s Vietnam visit was significant topromoting the relations between the two countries in a more intensive,effective, practical and comprehensive manner.

For his part, the Korean minister expressed his sympathy with Vietnamese people over the losses causedby recent floods. He believed that with the obtained achievements, Vietnam will become an upper-middle-income country with modernindustry by 2030.

According to the minister, despite the COVID-19pandemic, two-way trade has been rising and a large number of Korean firmshave invested in the Southeast Asian nation. The RoK has always regarded Vietnam as a strategic partnerin terms of ODA, Park affirmed.
President Nguyen Xuan Phuc calls for more ODA from RoK ảnh 2President Nguyen Xuan Phuc (right) and the RoK’s Minister of Foreign Affairs Park Jin. (Photo: VNA)
The Korean government has issued policies to ensure safetyfor Vietnamese people who come to the RoK to live and work, and set up centres to support Korean-Vietnamese families, the minister said,suggesting Vietnam back the RoK's hosting of the World Expo 2030.

Lauding the RoK’s efforts in boosting the bilateralcooperation, President Phuc said in the face of complex developments of the worldsituation, the two countries have maintained their close cooperation through regular exchanges and high-level meetings to enhance political-diplomatictrust, along with regular dialogue and cooperation mechanisms, whilestrengthening collaboration in national defence and security, especiallydefence industry.

The President stressed that economic cooperationremains a pillar of the bilateral ties, and suggested the two sides betterutilise the Vietnam-RoK free trade agreement and the Regional ComprehensiveEconomic Partnership (RCEP), aiming to raise the bilateral trade to 100billion USD in 2023 and 150 billion USD by 2030.

Vietnam welcomes Korean investors to expand theirinvestment in the country, valued at 80 billion USD at present, especially indigital technology, electronics, renewable energy, infrastructure development, the buildingof intensive technological complexes and industrial parks, agriculture andhigh-tech, he said.

The President affirmed that Vietnam is a safe andstable destination, and creates favourable conditions for Korean firms to runlong-term business in the country for mutual development.

President Phuc also suggested enhancing people-to-people andcultural exchanges to help the two countries' people better understand about the other's culture./.
VNA
#RoK #President Nguyen Xuan Phuc #Minister of Foreign Affairs Park Jin #socio-economic development #Vietnam #VietnamPlus #Vietnam news
Follow VietnamPlus

Related News

Seminar to promote Korean investment in Vietnam

Seminar to promote Korean investment in Vietnam

A seminar will be held by Viet Nam News in Hanoi on October 18 to discuss the Republic of Korea (RoK)’s investment in Vietnam to mark the 30th anniversary of the countries’ diplomatic ties.
Vietnam, RoK promote digital transformation cooperation

Vietnam, RoK promote digital transformation cooperation

Le Van Tuan, Director of the Authority of Radio Frequency Management under the Ministry of Information and Communications (MoIC) has suggested that businesses from the Republic of Korea share their experiences in the implementation of digital transformation with Vietnamese counterparts.
Vietnamese, Korean artists cooperate in play production

Vietnamese, Korean artists cooperate in play production

Artists of Vietnam and the Republic of Korea (RoK) are cooperating to produce a play titled “Ben khong chong” (Quay of the spinsters), the first work in a long-term project on cultural exchange between the two countries.

See more

Representatives of the liaison committee of veterans of Battalion 261 - Giron in Ho Chi Minh City present a commemorative photo to Mauricio Alejandro Martínez Duque, Consul General of Cuba in the city. (Photo: VNA)

Get-together marks 73rd anniversary of Cuba’s Moncada Barracks attack

Building on the long-standing friendship between Vietnam and Cuba, the Vietnam–Cuba Friendship Association in Ho Chi Minh City has worked closely with the Consulate General of Cuba in Ho Chi Minh City to organise a wide range of activities in recent years, including gatherings marking major national anniversaries, cultural and artistic exchanges, and programmes connecting organisations and localities from the two countries

National Assembly Vice Chairman Nguyen Khac Dinh addresses the fourth session of the National Assembly (NA) Standing Committee on July 17, 2026. (Photo: VNA)

Modern criminal justice system proposed under revised Criminal Procedure Code

The revised code proposes more progressive procedural rules to enhance adversarial proceedings, tighten power oversight and better protect human and citizens' rights. It will retain effective existing provisions, amend or repeal outdated regulations, and introduce new procedures to expedite case handling, reduce procedural costs and improve efficiency while ensuring fairness, objectivity and greater protection of the lawful rights and interests of organisations and individuals. It also aims to modernise criminal proceedings through the wider application of digital technologies and closer alignment with international practices.

Deputy Minister of Foreign Affairs Le Thi Thu Hang has a working session with Vietnamese associations in Udon Thani province, northeastern Thailand, on July 16. (Photo: VNA)

Vietnamese community in Thailand urged to strengthen friendship bridge

Deputy Minister of Foreign Affairs Le Thi Thu Hang commended the unity and sense of responsibility shown by the Vietnamese community in Udon Thani and across Thailand, urging them to continue preserving the Vietnamese language and cultural identity while helping build a positive image of Vietnamese people and contributing to bilateral relations.

Deputy Prime Minister and Minister of National Defence Gen. Phan Van Giang (R) and Minister in charge of the General Secretariat of the Mauritanian Government Moctar Al Housseynou Lam. (Photo: baochinhphu.vn)

Vietnam seeks Mauritania’s role as bridge to African Union for deeper ties

Vietnam expects Mauritania to act as a bridge for substantive cooperation between Vietnam and the African Union (AU), said Deputy Prime Minister and Minister of National Defence Gen. Phan Van Giang during a reception in Hanoi on July 16 for Minister in charge of the General Secretariat of the Mauritanian Government Moctar Al Housseynou Lam.

Minister of Foreign Affairs Le Hoai Trung (R) and Minister in charge of the General Secretariat of the Mauritanian Government, Moctar Al Housseynou Lam. (Photo: VNA)

Vietnam treasures traditional friendship with Mauritania: FM

The two officials agreed to continue their long-standing coordination at multilateral forums, including the Francophonie, while reinforcing practical collaboration with regional organisations such as ASEAN and the AU, for the benefit of their people and for peace, stability and development in their respective regions and globally.

Deputy Minister of Foreign Affairs Le Thi Thu Hang (L) pays a courtesy call on Lao Deputy Prime Minister and Minister of Foreign Affairs Thongsavanh Phomvihane. (Photo: VNA)

Vietnam, Laos strengthen cooperation on overseas community affairs

The two sides signed a Memorandum of Understanding on cooperation in overseas Vietnamese and overseas Lao affairs for the 2026–2030 period, providing a framework for future collaboration. Laos will send a delegation to Vietnam to study preparations for the World Conference of Overseas Vietnamese, scheduled for December 2026.

Vietnamese Ambassador to Greece Pham Thi Thu Huong meets with representatives of the Patras Chamber of Commerce. (Photo courtesy of the Vietnamese Embassy in Greece)

Vietnam seeks stronger ties with Greece’s Patras

Mayor Kostas Peletidis said Patras is ready to work with the Vietnamese Embassy to promote the country as well as its culture and people through local cultural events and festivals, including the Patras Carnival, one of Greece’s largest annual festivals, the mayor remarked.

Nearly 1,000 students and lecturers from universities and colleges across Can Tho city attend the event at Can Tho University on July 15, 2026. (Photo: VNA)

Vietnam, Philippines strengthen people-to-people friendship

Shirley Nuevo, Acting Consul General of the Philippines in Ho Chi Minh City, said the past 50 years have demonstrated how the two countries and their peoples have grown together as friends, trusted partners and close neighbours within the ASEAN family.

Prime Minister Le Minh Hung addresses the working session with the Standing Board of the Tuyen Quang Party Committee in Vi Xuyen commune on July 15, 2026. (Photo: VNA)

PM urges Tuyen Quang to accelerate measures to achieve double-digit growth

The PM chaired a working session on July 15 with the Standing Board of the Tuyen Quang Party Committee on socio-economic development, the double-digit growth target, public investment disbursement, the operation of the two-tier local government model, implementation of Politburo Resolution No. 57, and measures to address local challenges.