Vietnamnet.vn
President Nguyen Xuan Phuc calls for more ODA from RoK
President Nguyen Xuan Phuc expressed his hope that the Republic of Korea (RoK) will provide more official development assistance (ODA) for Vietnam with a larger scale while receiving the RoK’s Minister of Foreign Affairs Park Jin.
President Nguyen Xuan Phuc (fourth from left), the RoK’s Minister of Foreign Affairs Park Jin (third from left) and officials pose for a group photo. (Photo: VNA)
The President congratulated the RoK on its achievements in socio-economic development as well as national defence, science, technology and culture.
He noted that Park’s Vietnam visit was significant to promoting the relations between the two countries in a more intensive, effective, practical and comprehensive manner.
For his part, the Korean minister expressed his sympathy with Vietnamese people over the losses caused by recent floods. He believed that with the obtained achievements, Vietnam will become an upper-middle-income country with modern industry by 2030.
According to the minister, despite the COVID-19 pandemic, two-way trade has been rising and a large number of Korean firms have invested in the Southeast Asian nation. The RoK has always regarded Vietnam as a strategic partner in terms of ODA, Park affirmed.
President Nguyen Xuan Phuc (right) and the RoK’s Minister of Foreign Affairs Park Jin. (Photo: VNA)
The Korean government has issued policies to ensure safety for Vietnamese people who come to the RoK to live and work, and set up centres to support Korean-Vietnamese families, the minister said, suggesting Vietnam back the RoK's hosting of the World Expo 2030.Lauding the RoK’s efforts in boosting the bilateral cooperation, President Phuc said in the face of complex developments of the world situation, the two countries have maintained their close cooperation through regular exchanges and high-level meetings to enhance political-diplomatic trust, along with regular dialogue and cooperation mechanisms, while strengthening collaboration in national defence and security, especially defence industry.
The President stressed that economic cooperation remains a pillar of the bilateral ties, and suggested the two sides better utilise the Vietnam-RoK free trade agreement and the Regional Comprehensive Economic Partnership (RCEP), aiming to raise the bilateral trade to 100 billion USD in 2023 and 150 billion USD by 2030.
Vietnam welcomes Korean investors to expand their investment in the country, valued at 80 billion USD at present, especially in digital technology, electronics, renewable energy, infrastructure development, the building of intensive technological complexes and industrial parks, agriculture and high-tech, he said.
The President affirmed that Vietnam is a safe and stable destination, and creates favourable conditions for Korean firms to run long-term business in the country for mutual development.
President Phuc also suggested enhancing people-to-people and cultural exchanges to help the two countries' people better understand about the other's culture./. VNA
BACK TO HOME
.svg){kind=icon}
MORE NEWS
Achilles heel in tourism
Vietnam’s tourism industry has made only meager strides in diversifying its products despite years of growth.
The most addictive dish on Ha Giang plateau
Ha Giang attracts tourists not only for its majestic natural landscape and honest ethnic people but also for its bold, regional specialties that cannot be found anywhere else.
Liquidity needs to be ensured: Central bank
The Governor of the State Bank of Vietnam (SBV) sent important messages about monetary policies at a meeting with businesses held by SBV and HCM City People’s Committee late last week.
Firms hesitate to access loans due to weak consumption demand
The State Bank of Vietnam last week cut its policy rates for the third time this year to prop up economic growth.
Banks experience significant increases in non-performing loans
Given the challenging economic environment, the performance of numerous banks is rather bleak, particularly due to the mounting bad debt levels.
VIETNAM BUSINESS NEWS MAY 29/2023
Work on Cat Bi Airport’s Terminal T2 to start in Q4
Vietnam should consider announcing the end of COVID-19: NA deputy
At the ongoing fifth session of the 15th National Assembly (NA) held on May 29, Nguyen Lan Hieu of the NA Delegation of Binh Dinh province suggested that the end of COVID-19 should be announced.
Cut on automobile registration fees to facilitate auto industry
The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.
VIETNAM NEWS HEADLINES MAY 29/2023
Vietnam leaves good impressions at multi-ethnic festival in Czech Republic
Vietnam to build center for search and rescue in Spratly Islands
Deputy Prime Minister Tran Luu Quang has approved a project to improve the capacity of incident and natural disaster response and search and rescue to 2030, with a vision to 2045.
Male model finishes as third runner-up at World Fitness Supermodel
Ngo Hoang Linh, the Vietnamese representative at World Fitness Supermodel 2023, was awarded the third runner-up title during the male pageant’s grand final held on May 27 in Thailand.
Old Vietnamese publications in romanised script on display in Paris
An exhibition showcasing old Vietnamese publications in Chu Quoc ngu (romanised Vietnamese script) is underway in Paris, France.
HCMC police raze black-credit companies with illicit profits of over US$176mln
The Ho Chi Minh City Department of Public Security yesterday prosecuted nine people for usury in civil transactions.
Entertainment and cultural events of the week (May 29-June 4/2023)
Upcoming entertainment and cultural events in Vietnam's major cities on May 29-June 4.
More cooperation needed to develop rare earth industry in Vietnam
The applications for rare-earth element products have developed strongly in recent decades, especially in the field of agriculture in which they are used to create clean, safe, and effective agricultural products.
