PM hails strong growth of Vietnam-RoK ties

Joint efforts of Vietnam and the Republic of Korea (RoK) in dealing with difficulties to promote the bilateral comprehensive cooperation have resulted in miracles in partnership between the two countries, stated Prime Minister Nguyen Xuan Phuc.

PM Nguyen Xuan Phuc speaks at the Vietnam-RoK Business Forum in Seoul on November 28. (Photo: VGP)
PM Nguyen Xuan Phuc speaks at the Vietnam-RoK Business Forum in Seoul on November 28. (Photo: VGP)

Speaking to over 700 Vietnamese and Korean businesses attending the Vietnam-RoK Business Forum in Seoul on November 28, the PM noted that two-way trade is estimated to hit nearly US$70 billion in 2019 from only US$500 million in 1992.

The Government leader said that the two sides have enjoyed strong partnership in health care, finance, insurance, culture, sports and human resources training. He attributed the result to the similarity in culture between the two nations.

He underlined that Vietnam supports and creates all conditions for the RoK to implement the New Southern Policy initiated by President Moon Jae-in, in which Vietnam is a key pillar.

He reiterated the goal of achieving US$100 billion in two-way trade value in 2020, while expressing his hope that the RoK will further open door for Vietnamese goods.

The Vietnamese government pledges to create the best possible conditions for foreign partners, including those from the RoK, to success in Vietnam, he affirmed.

PM hails strong growth of Vietnam-RoK ties ảnh 1

PM Nguyen Xuan Phuc poses with delegates at the forum. (Photo: VGP)

Earlier, PM Nguyen Xuan Phuc had meetings with Deputy Prime Minister Hong Nam-ki, FKI Chairman Huh Changsoo and chairmen of some leading Korean groups to the forum like Shinhan Bank, SK Energy.