Vietnam, RoK determined to raise bilateral trade to 50 billion USD by 2030

(VOVWORLD) - Party General Secretary and State President To Lam on Tuesday held telephone talks with President of the Republic of Korea (RoK) Yoon Suk Yeol, during which the two leaders discussed measures to further promote the Vietnam-RoK comprehensive partnership and shared ideas on issues of mutual concern.
Vietnam, RoK determined to raise bilateral trade to 50 billion USD by 2030 - ảnh 1Party General Secretary and State President To Lam holds telephone talks with President of the Republic of Korea (RoK) Yoon Suk Yeol on September 3 (Photo: VOV)

Lam noted that the Vietnam-RoK relations have grown rapidly over the pass 32 years across all fields, especially after the two countries upgraded their ties to a comprehensive strategic partnership. The Vietnamese top leader underlined that the Party and State of Vietnam always treasure friendly cooperative relations with the RoK.

The two leaders agreed to further strengthen mutual understanding and political trust through maintaining high-level exchanges and meetings via Party, Government, parliament, and people-to-people channels, increasing cooperation in security and defense, and promoting economic, trade and investment cooperation in a substantive, effective, balanced, and sustainable manner. They concurred to work together to raise two-way trade to 150 billion USD in 2030.

Lam welcomed RoK firms to join key investment projects in Vietnam, while Yoon pledged that the RoK will increase the import of Vietnamese agricultural products. The two sides agreed to bolster cooperation in labor, culture, tourism, education, and people-to-people exchange, and to support each other's citizens in living, studying, and working in each other's country.

They also vowed to strengthen cooperation on regional and international issues. Lam affirmed that Vietnam is always interested in and ready to actively contribute to the peace process on the Korean Peninsula. Regarding the East Sea issue, the two sides agreed on the necessity of maintaining peace, stability, cooperation, development, and respect for international law and the 1982 United Nations Convention on the Law of the Sea.

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