At the meeting between Vietnamese Prime Minister Pham Minh Chinh and RoK President Yoon Suk Yeol

Expressing his delight in paying his first official visit to the RoK in his capacity as the PM, the Vietnamese government leader informed President Yoon about the earlier fruitful talks with his Korean counterpart Han Duck-soo, including major directions to further deepen the bilateral comprehensive strategic partnership.

He proposed the two sides continue to maintain and increase the exchange of delegations at all levels and regularly implement existing cooperation mechanisms in diplomacy, national defense and security, in line with the level of comprehensive strategic partnership.

President Yoon affirmed that the RoK considers Vietnam a top important partner in carrying out its regional policies, including the Indo-Pacific Strategy and the Korea-ASEAN Solidarity Initiative.

Vietnamese Prime Minister Pham Minh Chinh and RoK President Yoon Suk Yeol

High on the agenda of the two leaders' discussion was the economic relationship. Both sides committed to fostering deeper economic ties, aiming for a bilateral trade value of 100 billion USD by 2025 and 150 billion USD by 2030.

PM Chinh proposed joint efforts to attract Korean investments in key sectors like semiconductors, digital transformation, green technology and biotechnology. He urged the Korean government to prioritise high-tech and high-value-added projects, alongside workforce training in the fields of semiconductors, hydrogen energy, and artificial intelligence.

He further suggested leveraging financial instruments like the Economic Development Promotion Fund (EDPF) and the Economic Development Cooperation Fund (EDCF) to support infrastructure development projects.

Acknowledging Vietnam's attractiveness for Korean investors, President Yoon proposed creating favorable conditions for Korean enterprises to participate in Vietnam's major projects, particularly in energy and liquefied natural gas.

He affirmed the RoK's commitment to assist Vietnam in training workforce for semiconductor and hi-tech industries, while also supporting the development of its cultural industry. He also pledged to support Vietnam's successful hosting of the Summit on Partnering for Green Growth and the Global Goals 2030 (P4G) in April 2025.

The two leaders promised to expand collaboration in culture, education, tourism, locality-to-locality cooperation and people-to-people exchanges to raise mutual understanding and solidarity between the two nations, protect the legitimate rights and interests of each country's citizens in the other country, and support Vietnamese-Korean multicultural families.