Hanoi (VNA) – President of the Republic of Korea (RoK) Moon Jae-inand his spouse will pay a State visit to Vietnam from March 22-24.
The visit will be made at theinvitation of Vietnamese President Tran Dai Quang, announced the Ministry ofForeign Affairs.
Vietnam and the RoK set up diplomaticties on December 22, 1992. The two countries elevated the bilateralrelationship to the level of strategic partnership in 2009.
According to Vietnam’s GeneralDepartment of Customs, two-way trade between Vietnam and the RoK hit 61.5billion USD in 2017, a year-on-year increase of 41.3 percent.
Vietnam’s exports to the RoKreached 14.8 billion USD, while its imports from the East Asian country stoodat 46.7 billion USD, up 30 percent and 45.3 percent against 2016, respectively.
The two countries have set atarget of 100 billion USD in two-way trade by 2020.
The RoK was the second largestforeign investor in Vietnam last year, just behind Japan, with total registeredcapital of 8.49 billion USD.
In terms of accumulativeinvestment, the country ranked first among 125 countries and territoriesinvesting in Vietnam, with total investment capital of 57.7 billion USD by theend of December 2017.-VNA
Vietnam – key partner in RoK’s New Look South policy: official
The Republic of Korea (RoK) is implementing the New Look South policy, in which Vietnam is a key partner, and it wants to further intensify relations with the Southeast Asian nation, said RoK Foreign Minister Kang Kyung-wha.