Politics

Vietnam-RoK Inter-Governmental Committee meet in Seoul

The Vietnam-Republic of Korea Inter-Governmental Committee convened 14th meeting on July 14.
The Vietnam-Republic of Korea (RoK) Inter-Governmental Committeeconvened its 14th meeting in Seoul on July 14 to seek ways to fosterbilateral cooperation in the time ahead.

Vietnamese Deputy Minister of Planning and Investment Nguyen Chi Dungand Deputy Minister for Economic Affairs under the RoK Ministry ofForeign Affairs Lee Tae-ho co-chaired the meeting.

The two sides informed each other of their respective economicdevelopment situations, reviewed the results of the past year since the13th meeting and exchanged views on existing difficulties.

They also reviewed the two countries’ cooperation in the fields oftrade, investment, industry, labour, and consular affairs.

The Vietnam-RoK comprehensive cooperation has produced substantial results and is at an all-time high.

The RoK is now Vietnam’s leading partner in terms of foreigninvestment with total registered capital of around 40 billion USD. Tradereaches nearly 30 billion USD each year.

Thecountry’s official development assistance provisions for Vietnam rangefrom 300-400 million USD annually and there are approximately 70,000Vietnamese nationals working in the RoK.

Vietnam and the RoK are also important partners, positively contributing to regional and international forums.-VNA
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