return icon

PM highlights Vietnam-RoK, ASEAN-RoK fruitful cooperation

Prime Minister Nguyen Xuan Phuc has highly valued cooperative relations between Vietnam and the Republic of Korea (RoK), as well as between ASEAN and the RoK.


Prime Minister Nguyen Xuan Phuc and his spouse at Gimhae military airport in the RoK's Busan city



“Vietnam considers the RoK a leading important partner in all spheres, while the RoK has regarded Vietnam as a key partner in its New Southern Policy,” PM Phuc said on the occasion of his trip to the RoK to attend the ASEAN-RoK Commemorative Summit and the first Mekong-RoK Summit whilst paying an official visit to the country.

Vietnam and the RoK set up diplomatic ties in 1992, and the two countries upgraded the relationship to the level of “comprehensive partnership in the 21st century” in 2002 before lifting to a strategic cooperative partnership in 2009.

As well as economic links, people-to-people exchanges and collaboration in national defence and security, culture, education, sports and tourism have developed robustly, PM Phuc said.

He added that the RoK has always taken the lead in foreign direct investment (FDI) in Vietnam and ranked second in provision of official development assistance (ODA) and third in trade and tourism cooperation with the country.

Vietnam is also the RoK’s fourth largest trading partner with two-way trade expected to hit 67 billion USD this year, making up 40 percent of total trade revenue between the ASEAN and the RoK.

During a State visit to Vietnam by President Moon Jae-in in March 2018, the two countries agreed to promote trade cooperation in an equal and sustainable manner, aiming to raise the bilateral trade to 100 billion USD in 2020.

“Vietnam wants to further expand and deepen its strategic cooperative partnership with the RoK in all spheres, effectively implementing cooperation and dialogue mechanisms for diplomacy, national defence and security, and economy, thus benefitting people from both sides,” he affirmed.

The leader also noted with achievements made in ASEAN-RoK relations over the past 30 years, especially since 2010 when the two sides elevated their relationship to a strategic partnership.

PM Phuc said since 2014, the two sides have realised the “joint declaration on future vision of strategic partnership: building trust, bringing happiness,” adding that they have closely coordinated on regional and global issues.

The RoK is an important partner for the ASEAN and has actively participated in forums led and established by the grouping such as the East-Asia Summit (EAS), the ASEAN Regional Forum (ARF) and the ASEAN Plus Three.

Trade between the ten-member group and the RoK increased from 10.3 billion USD in 1990 to 160 billion USD last year, he said.

The leader emphasised that both the ASEAN and the RoK are striving to implement the 2016-2020 action plan with various activities and projects. The ASEAN has received active support from the East Asian country in building the ASEAN Community, especially after President Moon announced the New Southern Policy and the 3P (people, peace, prosperity) initiative.

Vietnam has selected “Cohesive and Responsive” as the theme of the ASEAN Chairmanship Year 2020, with a focus on enhancing intra-bloc solidarity and promoting the role and contributions of the bloc to maintaining peace, security and stability in the region; and taking the lead in coping with external challenges and settling regional and international issues.

As the ASEAN Chair, Vietnam will continue to carry forward its role and constructively contribute to ensuring peace, stability and security in the region and the world, including the Korean Peninsula, PM Phuc said.

He reiterated that the consistent stance of Vietnam and the ASEAN is supporting the complete denuclearisation of the Korean Peninsula and calling for relevant sides to maintain dialogue and fully implement reached agreements towards long-term and sustainable peace on the peninsula.

“Vietnam and other ASEAN members call on the RoK to cooperate in preserving peace with respect for international law and the 1982 United Nations Convention on the Law of the Sea, ensuring security, safety and freedom of aviation and navigation in the East Sea,” he said./.

PM Nguyen Xuan Phuc receives Mayor of Busan


Prime Minister Nguyen Xuan Phuc (right) on November 25 receives Mayor of Busan Oh Keo-don on the occasion of his trip to the Korean city to attend the ASEAN-RoK Commemorative Summit.



Prime Minister Nguyen Xuan Phuc on November 25 met with Mayor of Busan Oh Keo-don on the occasion of his trip to the Korean city to attend the ASEAN-Republic of Korea (RoK) Commemorative Summit.

Mayor Oh Keo-don said the administration and people of Busan city want to boost ties with ASEAN nations, including Vietnam. Busan hopes to beef up cooperation and exchange with Vietnamese cities and provinces, particularly Ho Chi Minh City and wants more firms from Busan to invest in Vietnam, he said.

He unveiled that Busan will name one of its avenues ASEAN and establish an ASEAN culture centre.

PM Nguyen Xuan Phuc appreciated his host’s hope for stronger ties with Vietnamese localities. As the Busan-Keangnam region is home to a large number of Vietnamese people, the PM asked the mayor, the government and people of Busan to continue supporting them to blend in with the locals and contribute to the city’s socio-economic development as well as to the two countries’s friendship.

The government of Vietnam will create favourable conditions for Korean citizens to live and work in Vietnam, he said.

He urged Busan and Vietnamese localities to together organise more cultural exchange events as people-to-people exchange is the foundation for deepening the bilateral ties.

Vietnam and the RoK see great potential in economic cooperation, he said, emphasising on trade and investment. He estimated trade between the two countries at 80 billion USD this year and expected it to hit 100 billion USD in 2020. The RoK’s trade with Vietnam has always made up half of that with ASEAN for years, the leader noted.

He also asked the administration of Busan to facilitate the launch of a direct flight to Da Nang city in central Vietnam.

Later the same day, PM Nguyen Xuan Phuc visited the Port of Busan, the RoK’s largest and the world’s second largest container port which handles 75 percent of the country’s total container cargo.

PM Phuc is in Busan, the RoK’s second largest city, for the ASEAN-Rok Commemorative Summit, which aims to celebrate the 30th anniversary of the two sides’ dialogue relations, and the first Mekong-RoK Summit during his trip to the RoK from November 24-28.
He is scheduled to take part in the ASEAN-RoK CEO Summit, the Innovation Showcase 2019, and the ASEAN-RoK Startup Expo, as well as hold meetings with Busan leaders.

After attending these events, PM Phuc will pay an official visit to the RoK. The visit is the first by a Vietnamese PM in seven years, and is of significance to strengthening cooperation between the two countries in the new situation./. VNA

Prime Minister Nguyen Xuan Phuc visits Busan port

Prime Minister Nguyen Xuan Phuc visits Busan port

Prime Minister Nguyen Xuan Phuc is in Busan, the RoK for the ASEAN-RoK Commemorative Summit and Mekong-RoK Summit. He visited Busan port and met Busan Mayor Oh Keo-don on November 25.

PM Nguyen Xuan Phuc attends groundbreaking ceremony of smart city in Busan

PM Nguyen Xuan Phuc attends groundbreaking ceremony of smart city in Busan

Prime Minister Nguyen Xuan Phuc on November 24 attended the ground-breaking ceremony of a smart city in Gangseo district, Busan city, the Republic of Korea.


FDI hoped to help realty market develop sustainably in long term

Vietnam’s real estate sector last year attracted an additional 1.85 billion USD in foreign direct investment (FDI), retaining its second place among industries drawing FDI with combined investment of 4.45 billion USD.

Party chief’s book on fight against corruption and negative phenomena released

A ceremony was held in Hanoi on February 2 to release the book by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong.

Make in Vietnam drives ICT firms into international markets

Global expansion has become a trend in domestic ICT enterprises in recent years.

Schools launch digital-related majors to meet students’ needs

In 2023, many universities have launched new subjects associated with the digital era to meet students’ needs.

Southeast region prepares for new FDI wave

The southeast region is preparing conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region from the beginning of this year.


PM chairs monthly teleconference with localities

Experts call for stricter penalties as drink driving soars over Tet

The maximum punishment for car drivers with alcohol concentration levels exceeding 0.4mg per litre of breath, or 80mg in 100 ml of blood, is a fine of VND40 million (US$1,693) and a two-year suspension of their driving licences.

Over 32% of apparel firms remain closed in Hanoi

Nearly a third of textile and garment firms have yet to reopen in Hanoi although the Lunar New Year holiday has ended.

Domestic tourism hits five-year high

Domestic tourism numbers hit 13 million in January, the highest in the last five years, according to the Vietnam National Administration of Tourism.


Businesses exporting medicinal herbs to China required to register

Cashless payments on the rise: convenience and security for expats in Vietnam

As digital payment methods surge in popularity, expats in Vietnam are not alone in embracing the change to cashless transactions.

My Dinh Stadium needs money for more upgrading

Having been upgraded with a package worth VND408 billion, My Dinh Stadium is still in poor condition.

Vietnam needs more submarine cables to ensure internet services

Vietnam will need at least two or three more submarine cables to ensure proper internet services for the country's development in the next five years, according to Vu The Binh, Secretary-General of the Vietnam Internet Association.

Government convenes January meeting

The Government convened its first regular monthly meeting for 2023 in Ha Noi on Thursday under the chair of Prime Minister Pham Minh Chinh.

Scammers steal information, money on first days of Year of the Cat

The first days of the New Year are the time for scammers to increase their activities. The most common tricks are stealing information and money from victims’ accounts.