Vietnam–Republic of Korea (RoK) ties will grow in the future, benefiting people from both countries, said a senior Vietnamese diplomat.
Vietnamese Ambassador to RoK Tran Trong Toan made the remark in an interview granted to Vietnam News Agency on the occasion of the New Year, as the two sides concluded a friendship year in 2012 to commemorate 20 years of diplomatic relations.
Toan said since the establishment of diplomatic ties on December 22, 1992, Vietnam–RoK relations have experienced many important milestones.
In 2001, the two countries lifted their ties to a comprehensive cooperative partnership level, and then to a strategic cooperative partnership in 2009.
RoK is now the second biggest investor in Vietnam, while Vietnam is RoK’s third largest overseas investment market.
According to Toan, the two countries are set to further boost bilateral cooperation. RoK boasts great potential in investment, trade, finance and science-technology while Vietnam, which is on a course of industrialisation and modernisation, is able to supply a stable workforce to RoK.
There is also room for green growth links, and with rising middle-income earners, cooperation in tourism is also promising.
Speaking on Free Trade Agreement (FTA) negotiations, Toan said that the two nations launched the first round of FTA talks in September, 2012, during RoK Minister of Trade Bark Tae-ho’s visit to Vietnam .
Goods and services will smoothly enter each country’s market once the FTA signed. It will boost investment and technology transfer, and simplify customs procedures, he added.
Around 70,000 labourers out of 123,000 Vietnamese living in RoK help ease the country’s workforce shortage. There are as many as 130,000 people from the RoK in Vietnam, mainly investors and businesspeople that help generate jobs and boost Vietnam’s exports. -VNA
Vietnamese Ambassador to RoK Tran Trong Toan made the remark in an interview granted to Vietnam News Agency on the occasion of the New Year, as the two sides concluded a friendship year in 2012 to commemorate 20 years of diplomatic relations.
Toan said since the establishment of diplomatic ties on December 22, 1992, Vietnam–RoK relations have experienced many important milestones.
In 2001, the two countries lifted their ties to a comprehensive cooperative partnership level, and then to a strategic cooperative partnership in 2009.
RoK is now the second biggest investor in Vietnam, while Vietnam is RoK’s third largest overseas investment market.
According to Toan, the two countries are set to further boost bilateral cooperation. RoK boasts great potential in investment, trade, finance and science-technology while Vietnam, which is on a course of industrialisation and modernisation, is able to supply a stable workforce to RoK.
There is also room for green growth links, and with rising middle-income earners, cooperation in tourism is also promising.
Speaking on Free Trade Agreement (FTA) negotiations, Toan said that the two nations launched the first round of FTA talks in September, 2012, during RoK Minister of Trade Bark Tae-ho’s visit to Vietnam .
Goods and services will smoothly enter each country’s market once the FTA signed. It will boost investment and technology transfer, and simplify customs procedures, he added.
Around 70,000 labourers out of 123,000 Vietnamese living in RoK help ease the country’s workforce shortage. There are as many as 130,000 people from the RoK in Vietnam, mainly investors and businesspeople that help generate jobs and boost Vietnam’s exports. -VNA
