President wraps up State visit to RoK

Update: 18:45 | 07/12/2022

President Nguyen Xuan Phuc and a high-ranking delegation of Vietnam arrived in Hanoi on December 7 morning, concluding a successful State visit to the Republic of Korea (RoK) at the invitation of President Yoon Suk-yeol.

This was the first visit to the RoK by Phuc in his capacity as President of Vietnam, and also the first by a Vietnamese President over the past 11 years, and the highest-level visit by Vietnamese Party and State leaders to the RoK since the East Asian country had a new President.

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President Nguyen Xuan Phuc (left) and his Korean counterpart Yoon Suk-yeol.

Notably, President Phuc was the first foreign high-ranking leader to pay a State visit to the RoK since President Yoon took office in May this year.

During the visit, the two leaders agreed to issue a joint statement on upgrading the Vietnam-RoK relationship to a comprehensive strategic partnership, opening up a new chapter for the bilateral ties, with a brighter future for both countries and peoples. They agreed to promote the bilateral trade in a stable and balanced manner, remain leading trade partners of each other, and raise the two-way trade revenue to 100 billion USD by 2023 and 150 billion USD by 2030.

They also witnessed the signing of many cooperation documents between ministries, agencies, localities and businesses of the two countries.

At the meetings with RoK Prime Minister Han Duck-soo and Speaker of the RoK National Assembly Kim Jin-pyo, the leaders compared notes on cooperation orientations within the framework of the comprehensive strategic partnership in all fields, and expressed their resolve to deepen the bilateral ties.

The Vietnamese President had 12 meetings with nearly 30 leaders of Korean groups, banks, financial organisations and investors that are investing tens of billions of USD in the Southeast Asian nation.

The leader affirmed that the upgrading of the relationship helps to raise the mutual political trust and enhance the cooperation framework, thus creating a firm platform for the two countries’ enterprises to run long-term business with a larger scale and gain more successes in the respective markets.

A highlight of the visit was the Vietnam-RoK business forum with the participation of more than 500 delegates and businesspeople from the two countries.

In his remarks, Phuc stressed that Vietnam always creates favourable conditions for Korean firms to operate effectively and sustainably in the country.

Apart from agreements reached earlier, as many as 15 others were officially inked at the forum. The accumulative value of the deals, along with commitments and investment proposals made during the President’s visit, amounted to nearly 15 billion USD.

During the visit, the President met representatives of the Vietnamese community in the RoK and hosted receptions for representatives from cultural and friendship organisations that play an important role in promoting cooperation and people-to-people exchange between the two countries.

He also visited a Vietnamese-Korean multicultural family and held a working session with the authorities of Gwangju city in Gyeonggi province, among other activities.

With nearly 30 activities within three days, the success of the President’s visit reaffirmed Vietnam’s foreign policy of independence, self-reliance, peace, cooperation, development, and the diversification and multilateralisation of relations.

Hanoi hosts Vietnam – RoK culture exchange
A Vietnam – Korea culture exchange programme was held in Hanoi on November 20 by the Foreign Ministry’s State Commission for Overseas Vietnamese (SCOV) in coordination with the Association for Liaison with Overseas Vietnamese and the Vietnamese Buddhist Cultural Centre in the Republic of Korea (RoK).
Vietnam keen on promoting personnel training cooperation with RoK
Prof. Dr. Nguyen Xuan Thang, Politburo member and Chairman of the Central Theory Council and General Director of the Ho Chi Minh National Academy of Politics (HCMA) had a meeting with the Republic of Korea (RoK)’s Ambassador to Vietnam Oh Young-ju in Hanoi on November 14.
Provincial leader meets with overseas Vietnamese entrepreneurs in RoK
(BGO)- Permanent Vice Chairman of the provincial People’s Committee Mai Son on November 4 had a meeting with the delegation of overseas Vietnamese entrepreneurs in the Republic of Korea (RoK) headed by Ta Dao Binh, President of Korean Global Trading Company and Chairman of Vietnamese Business Association in RoK.
Vietnam-RoK trade to hit 100 billion USD by 2023: committee
The trade turnover between Vietnam and the Republic of Korea (RoK) reached 66.8 billion USD in the first nine months of this year, up 18.2% year-on-year, and the set target of 100 billion USD will be fulfilled by 2023 if the pace is maintained, heard a meeting in Hanoi on October 28.
Gathering offers legal consultancy for Vietnamese workers in RoK
The Vietnam EPS Labour Management Office and the Siheung Foreign Workers Support Centre in the Republic of Korea (RoK) have organised a gathering to provide legal consultancy for Vietnamese guest workers in Gyeonggi province and surrounding areas.

Source: VNA

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