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President Yoon Suk-yeol and his special State visit to Vietnam

Saturday, 09:07, 24/06/2023

VOV.VN - The June 22-24 visit to Vietnam by President Yoon Suk-yeol of the Republic of Korea (RoK) is of special significance as it took place after Vietnam and the RoK lifted their relations to a level of comprehensive strategic partnership.

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President Yoon Suk-yeol and his spouse Kim Keon-hee arrive in Vietnam on June 22 for a three-day State-level visit at the invitation of Vietnamese President Vo Van Thuong.
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President Yoon’s first ever visit to Vietnam shows the RoK’s respect for the Vietnam – RoK comprehensive strategic partnership, as well as the special nature of bilateral relations, helping to expand bilateral cooperation both regionally and internationally.
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Ahead of the high-level talks on June 23, President Yoon and his entourage pay a floral tribute to Vietnamese President Ho Chi Minh at his Mausoleum in Hanoi.
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President Vo Van Thuong and his spouse Phan Thi Thanh Tam later hosts a welcoming ceremony for President Yoon Suk-yeol and his spouse Kim Keon-hee.
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The RoK President and his spouse have been welcomed with a 21-gun salute for the foreign head of state on a State-level visit.
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President Thuong then invites President Yoon to review the guard of honour at the welcoming ceremony.
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President Vo Van Thuong and his spouse Phan Thi Thanh Tam welcome President Yoon Suk-yeol and his spouse Kim Keon-hee at the Presidential Palace.
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Later, the two presidents hold talks on measures to foster the comprehensive strategic partnership between Vietnam and the RoK.
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The two sides agree to promote political, defense and security cooperation with a higher level of trust, alongside maintaining regular high-level visit exchanges and coordinating closely at regional and international forums.
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The two sides welcome the signing of an action programme for the Implementation of the comprehensive strategic partnership between the two countries’ Ministries of Foreign Affairs, helping to foster bilateral relations in an effective and substantive manner.
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They vow to effectively implement the Vietnam – Korea Free Trade Agreement (VKFTA) and facilitate business operations, aiming to soon raise their two-way trade turnover to US$100 billion in 2023 and look towards the US$150 billion target by 2030.
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During the joint press briefing after the talks, the two presidents welcome the signing of a US$2 billion cooperation agreement with the Korea Economic Development Cooperation Fund (EDPF) to implement large-scale development investment projects in the field of transport and urban infrastructure.
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The two leaders affirm the importance of ensuring peace, security, safety and freedom of navigation and overflight in the East Sea, resolving maritime disputes by peaceful means, and ensuring the legitimate rights and interests of regional coastal states in accordance with international law.
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President Yoon says that the RoK Government will actively support the enhancement of Vietnam’s maritime security and order capacity based on the memorandum of understanding on maritime security signed during the visit.
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Economic-trade-investment cooperation is high on the agenda of President Yoon’s visit. In the photo. Vietnamese Prime Minister Pham Minh Chinh and RoK President Yoon Suk-yeol attend the Vietnam – RoK business forum in Hanoi on June 23.
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Alongside officials of ministries and agencies of the two countries, more than 500 leading businesses of Vietnam and the RoK attend the forum.
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President Yoon says as both Vietnam and the RoK are currently benefiting from trade liberalization, they should protect and preserve these benefits in the future. He proposes strengthening cooperation in such fields as digital transformation, energy transformation, and renewable energy.
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PM Chinh expects that bilateral economic, trade and investment cooperation will yield more breakthroughs, 3 or 4 times higher than the current level when both countries celebrate 60 years of diplomacy.
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Meeting with Party General Secretary Nguyen Phu Trong, President Yoon affirms that the RoK attaches importance to the comprehensive strategic partnership with Vietnam, and that Vietnam is the RoK’s major partner in Asia.
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Meeting with National Assembly Chairman Vuong Dinh Hue, President Yoon says the RoK and Vietnam have treasured the long-standing relationship that has become a model in East Asia. He proposes the National Assembly of Vietnam create more favourable conditions for RoK firms to invest and do long-term business in Vietnam, especially in the high-tech field.
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Receiving the RoK President, PM Pham Minh Chinh suggests that the RoK further open its market for key Vietnamese products, help Vietnamese enterprises join more deeply in the global supply chains of Korean businesses, and encourage Korean companies to expand their investment in Vietnam, particularly in priority areas such as infrastructure development, high-tech electronic manufacturing, semiconductors, renewable energy, and smart cities.
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On June 23 evening, President Vo Van Thuong and his spouse host a national banquet in honour of RoK President Yoon Suk-yeol and his wife. President Yoon is scheduled to leave on June 23, concluding his three-day visit to Vietnam.