Kim’s visit to Vietnam, his second to the Southeast Asian nation, is aimed at strengthening bilateral friendship and promoting multifaceted cooperation.
The Vietnam-DPRK traditional friendship founded by late President Ho Chi Minh and late President Kim Il Sung and nurtured by their successors, has experienced the various ups and downs of history.
The DPRK was among the first countries to establish diplomatic ties with Vietnam on January 31, 1950. Since then, both countries have maintained their fine relationship through high-ranking visits, especially those made to the DPRK by President Ho Chi Minh in 1957, Prime Minister Pham Van Dong in 1961, and State Council President Vo Chi Cong in 1988, as well as Prime Minister Kim Il Sung's visit to Vietnam in 1958.
However, bilateral economic cooperation remains modest, with Vietnamese exports to the DPRK, primarily consumer products, reaching US$16.5 million in 2009, US$16 million in 2010, and US$18 million in 2011
During Deputy Minister of Industry and Trade Bui Xuan Khu's visit to the DPRK, both sides signed five memorandums of understanding (MOUs) on mining and technical exchanges. Under the MOUs, experts from both countries have exchanged experiences in agriculture and oil and gas exploitation.
Vietnam and the DPRK have maintained a mechanism for inter-governmental cooperation in economics, science and technology with the eighth meeting of the committee to be held in Pyongyang later this month.
Various other significant cooperation agreements have also been signed including those on culture (1957) and science and technology (1958), as well as a friendship and cooperation treaty in 1986 and a 1962 agreement on trade and maritime activities.
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