Vietnam, RoK set sights on US$150 billion bilateral trade target by 2030

VOV.VN - Both sides have underlined the need to realise a strategic vision for economic connectivity in the evolving global context, including joint efforts to achieve bilateral trade turnover of US$150 billion by 2030.

Party General Secretary and State President To Lam held talks with visiting President of the Republic of Korea (RoK) Lee Jae Myung in Hanoi on April 22, following an official welcome ceremony held for the latter the same day.

The top Vietnamese leader highlighted the visit by President Lee Jae Myung as a vivid testament to the robust, effective Vietnam-RoK Comprehensive Strategic Partnership and the high level of political trust between the two countries.

Showing great joy at the tremendous achievements of the Korean Government and people in recent years, he voiced his hope that the RoK would continue to accomplish further “miracles on the Han River,” contributing to regional and global peace and prosperity.

President Lee expressed confidence that under the leadership of the Communist Party of Vietnam, led by General Secretary Lam, the country will continue to record remarkable achievements in fulfilling its socio-economic development goals.

He affirmed that bilateral relations are special and close, akin to a fraternal relationship, and that the RoK will remain a reliable partner accompanying Vietnam in its ambition to become an upper middle-income developing country by 2030 and a high-income developed nation by 2045.

Building on the substantial outcomes of past cooperation, he pledged to work hand in hand with his host and other high-ranking Vietnamese leaders to further promote the comprehensive strategic partnership towards a future of common prosperity.

Both leaders agreed to consolidate political trust and elevate strategic cooperation to new heights; effectively carry out existing mechanisms and agreements; and expand substantive cooperation in key areas including diplomacy, defence, and security. They also laid stress on the importance of coordinating efforts to deal with non-traditional security challenges and transnational crime.

They committed to facilitating trade, opening markets for each other’s goods, and supporting Vietnamese enterprises in integrating into Korean production and supply chains and in the development of an independent and self-reliant economy.

To Lam hailed the investment and contributions of Korean enterprises to Vietnam’s socio-economic development, and welcomed their continued expansion, particularly in priority sectors such as infrastructure development, smart cities, semiconductors, large-scale AI data centres, smart ports, and next-generation seaport construction.

President Lee, in turn, expressed his thanks and hoped that the Vietnamese Government would continue to support and deal with difficulties faced by Korean-invested projects in Vietnam. He also affirmed that the Korean side would closely coordinate with Vietnam in effectively utilising funding from the RoK’s Economic Development Cooperation Fund and the Economic Development Promotion Facility, with a focus on strategic infrastructure development in Vietnam.

Both sides consented to bolster cooperation in science and technology, innovation and digital transformation as key drivers for stepping up bilateral cooperation and achieving each country’s development goals.

To Lam called for enhanced cooperation in research and technology transfer between the two countries and suggested that the RoK continue supporting Vietnam in implementing the Vietnam-Korea Institute of Science and Technology (VKIST) project.

Agreeing with and appreciating the host's proposals, President Lee affirmed that his nation is ready to share technologies in future industries such as artificial intelligence, semiconductors and clean energy, as well as support human resource training to assist Vietnam’s modernisation and development of advanced science and technology. He also proposed solidifying connections between the innovation and start-up ecosystems of the two countries.

Host and guest shared the view that expanding cooperation in culture, education and people-to-people exchanges would provide a solid foundation for sustainable and long-term bilateral relations. They concurred to continue supporting and protecting the legitimate rights and interests of their citizens living, studying and working in each other’s countries, including multicultural families, while promoting practical cooperation between localities.

The top Vietnamese leader also asked the RoK to support Vietnam in developing cultural and entertainment industries and share experience in tourism promotion.

Regarding cooperation at multilateral forums, General Secretary and President Lam affirmed Vietnam’s readiness to work with the RoK to effectively implement the ASEAN-Korea Action Plan for 2026-2030, and to coordinate with Mekong countries to accelerate the organisation of the Mekong–Korea Summit in 2026, thereby maximising potential, enhancing economic connectivity, and building new resilient and sustainable value chains.

The leaders shared a common strategic vision on maintaining peace and stability in the East Sea, ensuring legitimate and lawful rights and interests in accordance with international law and the 1982 United Nations Convention on the Law of the Sea (UNCLOS 1982). They also emphasised the importance of promoting peace on the Korean Peninsula.

After the talks, the two leaders witnessed the exchange of 12 cooperation agreements signed between ministries and agencies of both nations across a variety of fields, thus demonstrating the substantive and comprehensive outcomes achieved during this visit.

On the same evening, General Secretary and President Lam and his spouse hosted a grand banquet in honour of President Lee and his spouse on the occasion of their visit to Vietnam.

General Secretary and State President To Lam invites President Lee Jae Myung to review the guard of honour of the Vietnam People’s Army  pict 1.jpg

Vietnam’s top leader hosts welcome ceremony for RoK President

VOV.VN - General Secretary of the Communist Party of Vietnam and State President To Lam and his spouse hosted an official welcome ceremony on April 22 at the Presidential Palace for President Lee Jae Myung of the Republic of Korea (RoK) and his spouse on a state visit to Vietnam.

Party leader To Lam and RoK President.jpg

RoK President’s Vietnam visit to set long-term cooperation framework

VOV.VN - President of the Republic of Korea (RoK) Lee Jae Myung and his spouse will pay a State visit to Vietnam from April 21 to 24 at the invitation of Party General Secretary and State President To Lam and his spouse, with a view to shaping a long-term cooperation framework between the two nations.

Mời quý độc giả theo dõi VOV.VN trên
Viết bình luận

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Related

Vietnam’s top leader hosts welcome ceremony for RoK President
Vietnam’s top leader hosts welcome ceremony for RoK President

VOV.VN - General Secretary of the Communist Party of Vietnam and State President To Lam and his spouse hosted an official welcome ceremony on April 22 at the Presidential Palace for President Lee Jae Myung of the Republic of Korea (RoK) and his spouse on a state visit to Vietnam.

Vietnam’s top leader hosts welcome ceremony for RoK President

Vietnam’s top leader hosts welcome ceremony for RoK President

VOV.VN - General Secretary of the Communist Party of Vietnam and State President To Lam and his spouse hosted an official welcome ceremony on April 22 at the Presidential Palace for President Lee Jae Myung of the Republic of Korea (RoK) and his spouse on a state visit to Vietnam.