Vietnam, RoK look towards 100 bln USD trade by 2020

Vietnam and the Republic of Korea (RoK) have agreed to lift two-way trade to 100 billion USD by 2020 during talks in Hanoi on March 23 between President Tran Dai Quang and RoK President Moon Jae-in.
Vietnam, RoK look towards 100 bln USD trade by 2020 ảnh 1President Tran Dai Quang (R) and RoK President Moon Jae-in (Source: VNA) 
Hanoi (VNA) – Vietnam and the Republic of Korea (RoK)have agreed to lift two-way trade to 100 billion USD by 2020 during talks inHanoi on March 23 between President Tran Dai Quang and RoK President MoonJae-in. 

The talks took place right after the welcome ceremony heldon morning the same day. It is the first-ever State visit to Vietnam byPresident Moon from March 22-24.

President Quang affirmed that Vietnam always highly valuesdeveloping ties with the RoK and wished that the RoK would continue sharing itsexperience for sustainable development of the two countries, and for peace,stability, development and prosperity in the region and the world.

Both sides agreed to maintain annual visits and exchanges,improve the efficiency and frequency of exchange and dialogue mechanisms,extend collaboration between the two nations’ governments, legislatures, Partyagencies and localities, and in important fields of diplomacy, national defence,security and legal enforcement.

Apart from adopting trade balance measures, the two sidesvowed to improve the efficiency of partnership across investment, engineering,energy, labour; consider science-technology a pillar to create new momentum forbilateral links, as well as extend cooperation in culture, education, tourismand people-to-people exchange.

The Vietnamese leader welcomed Korean investment in large-scaleinfrastructure, industrial and smart urban areas, and equitisation of State-ownedenterprises.

He asked the RoK to continue stepping up examination on agro-fisheryproducts and chicken and pork-derived processed food, bring Vietnamese productsto domestic and global distribution chains, provide Vietnam with developmentassistance and preferential credit, and effectively implement the 2016 – 2020credit frame agreement and financial cooperation deal.

The host spoke highly of the signing of a Memorandum ofUnderstanding on sending and receiving workers to the RoK under the EmploymentPermit System programme, and wished that the RoK government will continue assistingVietnamese nationals living in the country.

The two leaders vowed to further enhance close support atinternational forums, and jointly cope with global challenges and non-traditionalsecurity issues. They underscored the importance of ensuring peace, security,maritime and overflight safety and freedom in the East Sea while promoting thesettlement of conflicts and disputes in the East Sea via peaceful means in linewith international law.

The Vietnamese President lauded the RoK’s efforts inaccelerating inter-Korean dialogue and peacefully settling the nuclear issue ofthe Democratic People’s Republic of Korea. He reiterated Vietnam’s consistentpolicy of supporting denuclearisation in the Korean peninsula and constructiveactions to promote dialogues for the sake of peace, security and stability inthe Korean peninsula.

President Moon stated that the RoK attaches importance todeveloping strategic cooperative partnership with Vietnam, considers Vietnam animportant partner in its New Southern Policy.

He welcomed the regular exchange of visits betweenVietnamese and Korean ministries, agencies and localities, and furtherstrengthening of coordination in support and automobile industries towards amore balanced trade.

The guest promised to assist Vietnam in human resourcesdevelopment, science-technology, information technology, environmentmanagement, agriculture, and extend bonds across transport, energy, infrastructureand smart urban areas.

The RoK will continue with projects to support Vietnam – RoKmulticultural families, and Vietnamese brides living in the two countries, hesaid. He also expressed his hope for Vietnam’s facilitation of Koreaninvestment in north-south highway and Long Thanh international airportprojects.

Following the talks, host and guest witnessed thesigning of cooperation agreements and met the media to inform the outcomes ofthe talks.-VNA
VNA

See more

Vietnamese Minister of Public Security Gen. Luong Tam Quang (R) and his Chinese counterpart Wang Xiaohong at their meeting on March 17 (Photo: VNA)

Vietnamese, Chinese ministers co-chair ninth conference on crime prevention

Over the past two years, the Vietnamese and China public securities ministries have sustained regular high-level exchanges and effectively followed cooperation mechanisms between professional units and police forces in border and twinning localities. Annual department-level meetings and dialogues continued among criminal police, anti-drug units, and immigration management forces.

Prime Minister Pham Minh Chinh receives Qatari Ambassador Khalid Ali Abdullah Abel on March 17. (Photo: VNA)

PM urges Qatar to step up energy cooperation with Vietnam

Vietnam stands ready to work with Qatar and contribute to broader efforts to promote peace and stability, stressing the principles of solidarity to build strength, cooperation to mobilise resources and dialogue to foster trust.

An overview of the first meeting of the Central Theory Council on March 17 (Photo: VNA)

Central Theory Council for 2026–2031 term holds first meeting

Political theory research in the new era must be grounded in clear political orientation while closely linked to practical realities and concrete actions. Social sciences and theoretical studies can no longer remain detached and wait for retrospective evaluations as in the past, but must accompany technological development in real time.

Prime Minister Pham Minh Chinh receives UAE Ambassador to Vietnam Bader Abdullah Almatrooshi in Hanoi on March 17, 2026. Photo: VNA

PM pushes forward energy cooperation with UAE after high-level talks

Vietnam–UAE relations have continued to grow, with the UAE now Vietnam’s largest trading partner in the Middle East and a potential investor. For Vietnam, the UAE is not only an important economic partner but also a sincere and reliable friend sharing common values of peace, cooperation, and prosperity.

Prime Minister Pham Minh Chinh (right) receives Japanese Ambassador to Vietnam Ito Naoki on March 17. (Photo: VNA)

Prime Minister calls on Japan to support Vietnam’s energy security

The PM proposed that the ambassador raise voice to help facilitate Vietnam’s access, through appropriate forms, to part of the 80 million barrels of oil that Japan is considering releasing from its reserves to mitigate the impact of Middle East tensions on fuel prices.

Le Hoai Nam, head of the liaison board of the Vietnamese community in South Africa (Photo: VNA)

Vietnamese community in South Africa confident in 16th NA’s leadership

Regarding the fact that this year’s election of deputies to the NA and People’s Councils at all levels for the 2026–2031 tenure is held two months earlier than usual, a representative of the Vietnamese community in South Africa said that as Vietnam enters a new stage of development with many major goals, organising the election earlier is a proactive and strategic move.

The atmosphere during voting for deputies to the 16th National Assembly and People’s Councils for the 2026–2031 term at Polling Station No. 20, Brigade 957, Naval Region 4, in Khanh Hoa. (Photo: VNA)

Final results of 16th NA election expected on March 22

Local authorities are currently compiling and verifying election data before submitting their reports to the council, which will meet on on March 22 to review the figures and announce the official election results, Tran Thanh Man, Chairman of the NA and President of the Vietnam National Election Council, said.

Prime Minister Pham Minh Chinh (centre) and the Vietnamese and Chinese ministers of foreign affairs, national defence and public security at the meeting in Hanoi on March 16. (Photo: VNA)

Vietnam places top priority on ties with China: PM

PM Pham Minh Chinh asked the foreign affairs, defence and public security ministries of both countries to play a more proactive role in unceasingly strengthening political trust and mutual understanding between the two Parties, countries and peoples, and in making full use of existing cooperation mechanisms, particularly the 3+3 strategic dialogue.

Chairman of the National Assembly (NA) Tran Thanh Man speaks at the fourth meeting of the NA Party Committee for the 2025–2030 term in Hanoi on March 16. (Photo: VNA)

Institutional, legal reform key strategic breakthrough for development: NA Chairman

Chairing the fourth meeting of the NA Party Committee for the 2025–2030 term in Hanoi on March 16, NA Chairman Tran Thanh Man, who is also Secretary of the NA Party Committee, said the legislature must play a pivotal role in building and perfecting development institutions as Vietnam enters a new stage of strong, comprehensive and sustainable development.