Ambassador pledges more contributions to Viet Nam – RoK economic links

Deputy Minister of Finance Cao Anh Tuan received a delegation from the Embassy of the Republic of Korea (RoK) in Viet Nam led by Ambassador Choi Young-sam on June 12, hailing the outgoing diplomat's dedication to bilateral ties, reported the Ministry of Finance (MoF).

Friday, June 12, 2026 21:27

Deputy Minister of Finance Cao Anh Tuan at the meeting with the delegation of the RoK Embassy led by Ambassador Choi Young-sam on June 12 (Photo: mof.gov.vn)

Tuan congratulated Ambassador Choi on his successful tenure in Viet Nam and praised his contributions to the substantive and productive development of the Viet Nam – RoK Comprehensive Strategic Partnership across various fields, including economic and financial cooperation.

The deputy minister noted bilateral relations have continued thriving over the past three years. The state visits by General Secretary of the Communist Party of Viet Nam Central Committee To Lam to the RoK in August 2025 and by President of the RoK Lee Jae Myung to Viet Nam in April 2026, shortly after the consolidation of the Southeast Asian country's key state leadership positions, reflected the special nature of bilateral ties.

According to the Vietnamese official, economic relations between the two countries have recorded significant achievements. During Ambassador Choi’s tenure, the RoK has maintained its position as the largest foreign investor in Viet Nam. As of the end of May 2026, Korean investors had registered 10,497 projects across 19 economic sectors in Viet Nam, with total registered capital exceeding 101 billion USD.

The meeting between Deputy Minister of Finance Cao Anh Tuan and a delegation from the RoK Embassy in Viet Nam on June 12 (Photo: mof.gov.vn)

Regarding development cooperation, the RoK is Viet Nam’s second-largest bilateral donor, with total loan commitments of 4 billion USD for the 2023–2030 period under two cooperation agreements signed with the Economic Development Cooperation Fund (EDCF) and the Economic Development Promotion Facility (EDPF) of the Export-Import Bank of Korea (KEXIM).

For his part, Choi thanked Tuan and officials of the Ministry of Finance for their support and for sharing information aimed at enhancing economic ties between the two countries.

The ambassador noted the RoK’s new ODA policy prioritises areas such as artificial intelligence (AI), digital transformation, culture, and supply chains.

He affirmed that regardless of his future position, he will keep contributing to the friendship and cooperation between Viet Nam and the RoK, including in the fields of economy and finance.

VNA