Post by : Shakul

Vietnam and South Korea are moving toward a deeper and more strategic partnership, as leaders from both countries emphasized expanding cooperation beyond traditional trade and investment. During a high-level roundtable held in Hanoi, Le Minh Hung and Lee Jae Myung highlighted the importance of building a future-oriented partnership.

The meeting was part of the Vietnam-Korea Economic Forum and brought together representatives from ministries, agencies, and leading corporations from both nations. Major companies such as Samsung Electronics, LG Corp, and Hyundai Motor Group participated, reflecting strong business interest and commitment.

Over the past 34 years, economic cooperation has become the cornerstone of Vietnam-South Korea relations. South Korea is currently Vietnam’s largest investor, with nearly US$98.9 billion invested across more than 10,000 projects. It is also one of Vietnam’s top partners in trade, tourism, and development assistance.

Prime Minister Le Minh Hung stated that the relationship has now evolved into a more comprehensive and strategic phase. He emphasized Vietnam’s focus on innovation, digital transformation, and high-value industries as key drivers of future growth, alongside institutional reforms and infrastructure development.

He also encouraged South Korean businesses to expand investments into advanced sectors such as semiconductors, artificial intelligence, and clean energy. Strengthening technology transfer and research collaboration was highlighted as essential for deeper integration into global value chains.

President Lee Jae Myung underlined the importance of building a stable and resilient cooperation framework amid global economic uncertainties. He noted that combining Vietnam’s manufacturing strengths with South Korea’s advanced technologies could create a powerful synergy for future industrial development.

Both leaders expressed confidence in achieving the target of US$150 billion in bilateral trade by 2030. They also stressed the need to enhance cooperation in manufacturing, infrastructure, and energy sectors, including modern power systems, to support long-term sustainable growth.

#Economy #Vietnam #Relationship insecurities #Investment