Ambassador of the Republic of Korea (RoK) to Vietnam Im Hong Jae expressed his delight at the continuous progress in the two countries’ friendship and cooperation in 2009 at a press conference in Hanoi on Dec. 18.

According to the Ambassador, noteworthy in bilateral ties were the official visits by the two countries’ leaders, including the RoK visit by Vietnamese Prime Minister Nguyen Tan Dung and Vietnam visit by RoK President Lee Myung-Bak. The two countries’ leaders agreed to turn bilateral ties into the strategic cooperative partnership for the sake of peace, stability and development.

Ambassador Im Hong Jae was optimistic about the two countries’ relations in the fields of trade and investment in 2010, saying that the two sides’ economies are expected to grow quite well next year as they both successfully managed the economic crisis in 2009.

According to him, RoK businesses remain interested in investing in Vietnam and they will actively contribute to Vietnam in fields of health care, education and scholarship provision.

He added that the RoK has pledged to provide the Official Development Aid worth 270 million USD to Vietnam next year and is considering donating non-refundable aid to various projects in Vietnam . In the coming time, the RoK is expected to deploy three projects in environment and public transportation in the Southeast Asian nation.

By the end of November, the RoK invested 20.4 billion USD into nearly 2,300 projects in Vietnam and the two countries are trying their best to raise two-way trade up to 20 billion USD by 2015./.