Politics

Vietnam, RoK intensify trade cooperation

Vietnam and the Republic of Korea (RoK) have become top important partners of each other in various fields, with economic, trade and investment cooperation serving as both pillar and primary driver of their increasingly growing relationship, said Vietnamese Minister of Industry and Trade Nguyen Hong Dien.
Vietnam, RoK intensify trade cooperation ảnh 1Vietnamese Minister of Industry and Trade Nguyen Hong Dien (R) and RoK Ambassador to Vietnam Oh Yong-ju (Photo: VNA)

Hanoi (VNA) - Vietnam and the Republic of Korea (RoK) havebecome top important partners of each other in various fields, with economic,trade and investment cooperation serving as both pillar and primary driver oftheir increasingly growing relationship, said VietnameseMinister of Industry and Trade Nguyen Hong Dien.

During a reception in Hanoi on June 13 for RoKAmbassador to Vietnam Oh Yong-ju, Dien hailed the diplomat for her activeefforts to elevate the Vietnam-RoKrelationship to the level of comprehensive strategic partnership as it standstoday.

He suggested Ambassador Ohand the RoK Embassy in Vietnam continue working closely with the VietnameseMinistry of Industry and Trade (MoIT) and urged the Korean ministries andagencies concerned to diversify measures to boost bilateral trade andeffectively carry out joint work in trade, industry and energy, toward liftingtwo-way trade to 100 billion USD as soon as possible.

Ambassador Oh, for her part, conveyedthe RoK side’s message expressing its desire to sign several documents with the MoIT,including a Memorandum of Understanding (MoU) on the establishment of theVietnam-Korea Centre for Essential Mineral Supply, a MoU on the establishmentof Korea Plus in Vietnam and Vietnam Plus in Korea, and a Joint Statement onthe establishment of an electronic Certificate of Origin data exchange systembetween the MIT, the General Department of Vietnam Customs and the KoreaCustoms Service.

She said despite thecomplex fluctuations in the global economy, Korean businesses still showinterest in establishing or expanding their manufacturing facilities inVietnam, particularly in core technology sectors such as energy battery orsemiconductor.

The ambassador affirmed that in her capacity, she will always strive to foster a strong andsubstantive Vietnam-RoK comprehensive strategic partnership.

The MoIT is ready to supportcooperation activities between Korean businesses and Vietnamese organisationsto bring balanced benefits for all parties in accordance with Vietnam’s lawsand regulations, said Dien./.

VNA
#Vietnamese Minister of Industry and Trade Nguyen Hong Dien #Vietnamplus #Vietnam News Agency #RoK Ambassador to Vietnam Oh Yong-ju #comprehensive strategic partnership Korea (RoK) Vietnam
Follow VietnamPlus

Related News

Vietnam, RoK step up trade, locality-to-locality cooperation

Vietnam, RoK step up trade, locality-to-locality cooperation

A Vietnam-Republic of Korea (RoK) forum for locality-to-locality cooperation and trade promotion took place in Seoul on May 29, attracting more than 100 participants from large Korean investment funds, conglomerates, and small- and medium-sized enterprises.
Vietnam, RoK share experience, initiatives on smart city development

Vietnam, RoK share experience, initiatives on smart city development

The CICON 2023 – the second international conference that combines the initials of Creative Urban, Culture, Convergence, and Industry took place in Ho Chi Minh City on June 7, offering opportunities for Vietnam and the Republic of Korea (RoK) to participate in the smart city and blockchain industry, build a network of businesses from the two countries.

See more

President of the National Assembly Tran Thanh Man (right) and Alberto Anaya Gutierrez, General Secretary of the Mexican Labour Party (PT), at their meeting in Hanoi on August 17 (Photo: VNA)

Vietnam, Mexico to enhance exchange of legislative experience

Vietnam and Mexico will strengthen coordination and enhance delegation exchanges between the Vietnamese National Assembly and the Mexican Senate and Chamber of Deputies, while sharing experience in lawmaking and parliamentary activities among committees and promoting the role of the two parliamentary friendship groups.

A view of the fifth session of the National Assembly Standing Committee (Photo: VNA)

NA Standing Committee reviews three revised draft laws

The National Assembly (NA) Standing Committee continued its fifth session on August 17, scrutinising three draft laws concerning administrative procedures, telecommunications, radio frequencies and architecture.

Minister of Justice Hoang Thanh Tung speaks at the discussion (Photo: VNA)

NA Standing Committee reviews draft Law on Urban Development

Speaking at the session, NA President Tran Thanh Man noted that the draft Law on Urban Development was initially designed for Ho Chi Minh City before its scope was expanded to other cities and additional provisions were incorporated. Given the tight timeframe and substantial workload, the NA will make its utmost effort to consider and adopt the contents as scheduled.

A traditional Indian candle-lighting ceremony opens the gathering. (Photo: VNA)

People-to-people diplomacy deepens Vietnam-India ties

Building on this foundation, the city has strengthened ties with Indian localities. In May, Ho Chi Minh City and Mumbai signed a memorandum of understanding on friendship and cooperation, opening up greater opportunities for collaboration in finance, technology, logistics, urban development, innovation, culture, cinema, tourism and people-to-people exchanges.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam addreses the opening ceremony of the first class of a knowledge update and training programme for members of the 14th Party Central Committee in Hanoi on August 17 (Photo: VNA)

Top leader attends opening of knowledge update programme for 14th Party Central Committee members

General Secretary and President Lam stressed that the programme is being held in the first year of implementing the Resolution of the 14th National Party Congress, which set out the goals and tasks for the entire tenure. The Party Central Committee has adopted measures to remove bottlenecks and unlock resources. The decisive task now is to ensure effective implementation by turning policies into feasible programmes, coordinated action and concrete results, thereby translating the Party's will into national development and a better life for the people.

The delegation meets with progressive friends in the US (Photo: VNA)

Vietnam, US strengthen cooperation to ease suffering of AO/dioxin victims

A delegation from the Vietnam Association for Victims of Agent Orange/dioxin's chapter in Ho Chi Minh City (VAVA HCMC) visited the US directly inform American friends about the long-term consequences of AO/dioxin in Vietnam and seek the support of progressive groups, veterans, legal experts and youth organisations in efforts to care for the victims.

Vietnamese leaders send congratulations to Congo on 66th National Day

Vietnamese leaders send congratulations to Congo on 66th National Day

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam on August 15 sent a congratulatory message to President of the Congolese Party of Labour and President Denis Sassou Nguesso on the occasion of the 66th National Day of the Republic of Congo (August 15, 1960–2026).

A house is damaged after the earthquake in Flores, Indonesia, on August 15. (Photo: Xinhua/VNA)

Vietnamese leaders send condolences over deadly earthquake in Indonesia

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam and Prime Minister Le Minh Hung on August 15 sent messages of condolences to Indonesian President Prabowo Subianto following a powerful earthquake in Indonesia that caused heavy casualties and affected thousands of families.

Participants at the event (Photo: VNA)

ASEAN, Western Australia strengthen connection

Representatives of ASEAN member states highlighted the historic significance of ASEAN Day in reaffirming the bloc's foundational values and promoting solidarity, dialogue, cooperation and consensus in support of regional peace, stability and prosperity.