RoK National Assembly speaker visits Vietnam
(VOVworld) - The
Republic of Korea’s (RoK) National Assembly Speaker Chung Sye-kyun begins an
official visit to Vietnam on Tuesday at the invitation of
National Assembly Chairwoman Nguyen Thi Kim Ngan.
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RoK National Assembly Speaker Chung Sye-kyun (Photo: EPA/TTXVN) |
Vietnam
and the RoK established diplomatic relations in December 1992. The relationship
was upgraded to a comprehensive partnership in 2001 and to a strategic
partnership in 2009. The RoK’s Ambassador to Vietnam Lee Hyuk said: “Vietnam
and the Republic of Korea have a 25-year history of bilateral ties. The RoK has
become the biggest investor in Vietnam with two-way trade turnover of 45
billion USD in 2016. The RoK exports much more to Vietnam than to Japan.”
Most of the RoK’s biggest groups,
including Samsung, Hyundai, LG, POSCO, SK, Lotte, Kumho-Asiana and many others,
are investing in Vietnam. The two sides are negotiating a framework credit
agreement until 2020 period. The RoK has become the second biggest capital provider
to Vietnam after Japan. Vietnam's Deputy Minister of Planning and Investment
Dang Huy Dong said: “The RoK is considered
one of the most successful countries, from once being an aid recipient to now
being an aid provider for other countries, including Vietnam. I am very
impressed with the Knowledge Sharing Program (KSP) of the Ministry of Strategy
and Finance for Vietnam. Vietnam has learned a lot from the RoK’s socio-economic
development experience.”
In 2016 the National Assembly of Vietnam and the RoK
signed a cooperation agreement promoting high level delegation exchanges
between the two countries. National Assembly Speaker Chung
Sye-kyun's current visit to Vietnam is expected to boost the strategic partnership
between the two countries.