US EditionSouth Korea, Vietnam Leaders to Pledge Deeper Ties Amid Trade Challenges
- South Korean President Lee Jae-myung and Vietnamese Communist Party General Secretary Tu Lam agreed to boost bilateral trade to $150 billion by 2030 amid global trade uncertainties.
- The two leaders adopted a joint declaration to strengthen their strategic partnership established three years ago, which aims to enhance cooperation in various sectors including trade and technology.
- They signed at least 10 Memorandums of Understanding, covering areas such as energy, technology, and education.
- Vietnam is South Korea's third-largest trading partner, hosting approximately 86.7% of South Korean companies overseas, with a current trade volume of around $24 billion.
17 Articles
17 Articles
South Korea and Vietnam to boost bilateral trade to $150 billion by 2030
ALBAWABA- South Korean President Lee Jae-myung and Vietnamese Communist Party General Secretary Tu Lam have agreed to intensify efforts to expand bilateral trade volume to $150 billion by 2030, amid ongoing global trade uncertainties...
South Korea, Vietnam Eye Doubling Trade to $150 Billion by 2030
Top leaders of South Korea and Vietnam agreed to step up efforts to nearly double their bilateral trade to $150 billion annually by 2030, as the two Asian export powerhouses seek to mitigate the impact from Donald Trump’s tariffs.
South Korea-Vietnam: A New Era of Strategic Cooperation
South Korea-Vietnam: A New Era of Strategic Cooperation South Korea is set to enhance its cooperative efforts with Vietnam, focusing on nuclear energy, high-speed railways, and critical minerals. This announcement was made by South Korean President Lee Jae Myung during a press briefing in Seoul.President Lee emphasized the goal of increasing trade between the two nations to $150 billion by the year 2030, which signifies a significant economic co…
S. Korea and Vietnam pledge to deepen strategic and economic ties
South Korea and Vietnam have pledged to deepen economic ties with the ambitious goal of expanding bilateral trade to $150 billion, committing to further cooperation in both countries' large-scale infrastructure, technology, and nuclear energy sectors. They also agreed to broaden the scope of cooperation into future-oriented fields such as AI technology, high-speed rail, renewable energy, and critical minerals. The agreement came during a bilater…
Channel News Asia
South Korea, Vietnam leaders to pledge deeper ties amid trade challenges
SEOUL: South Korea and Vietnam will pledge deeper economic and strategic cooperation when their leaders hold a summit on Monday (Aug 11) as the former Cold War-era foes seek to leverage their business ties to navigate a challenging global trading environment. South Korean President Lee Jae Myung hosts
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