Vietnamese localities connect with RoK businesses for stronger economic co-operation

VOV.VN - A conference on boosting economic cooperation between Vietnam and the Republic of Korea (RoK) was held on September 17 by the Vietnam Embassy in Seoul in coordination with the Department of External Affairs and Cultural Diplomacy under the Ministry of Foreign Affairs, and Tay Ninh, Nghe An, and Quang Tri provinces.

The event attracted around 150 participants, including leaders of major RoK conglomerates such as GS, SK, Hanwha Energy, Hyundai, Samsung, LG, representatives from the Korea–Vietnam Economic Cooperation Committee, Bae Kim & Lee (BKL) law firm, RoK economic cooperation associations, as well as local officials and representatives of Vietnamese associations and SMEs in RoK.

Opening the conference, Nguyen Thi Thai Binh, Counsellor of the Vietnam Embassy in RoK, highlighted the event’s significance as a concrete follow-up to the outcomes of Party General Secretary To Lam’s state visit to RoK over a month ago, especially regarding economic, trade, investment, and technological cooperation. Since establishing a comprehensive strategic partnership, Vietnam and RoK have become leading economic partners across multiple fields.

At the event, the three provinces highlighted their strategic locations, economic potential, development progress, investment incentives, priority sectors, and specific cooperation projects. Provincial leaders expressed their readiness to welcome and collaborate with RoK partners to carry out projects effectively.

RoK enterprises and associations praised Vietnam’s recent development, particularly administrative reforms that ease business operations, sustainable development, and the strong strategic partnership. Both large conglomerates like Samsung, LG, GS, SK, and SMEs have seen notable success investing in Vietnam. Participants noted that, despite challenges such as administrative procedures, legal regulations, and cultural understanding, opportunities for bilateral cooperation remain substantial.

Apart from traditional areas like trade and investment, opportunities exist in technology, digital transformation, high-quality human resource development, renewable energy, and infrastructure.

Closing the conference, Vietnamese Ambassador to the RoK Vu Ho affirmed that the Vietnam–RoK relationship is among the most special partnerships.

Since establishing diplomatic ties in 1992, the two countries have achieved remarkable progress. Vietnam continues to strengthen its comprehensive strategic partnership with RoK and will expand cooperation into emerging fields including digital economy, innovation, high technology, and clean energy.

In conjunction with the conference, dialogue sessions were held linking Quang Tri province with Hanwha Energy and Tay Ninh province with GS Corporation.

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