Deputy PM calls for more Korean investment to Vietnam
Permanent Deputy Prime Minister Pham Binh Minh on December 6 encouraged Korean firms to expand investment in Vietnam in digital technology, electronics, infrastructure and industrial zones.
Permanent Deputy Prime Minister Pham Binh Minh (R) and Korean Deputy PM and Minister of Economy and Finance Choo Kyung-ho (Photo: VNA)
Seoul (VNA) - Permanent Deputy Prime Minister Pham Binh Minh on December 6 encouraged Korean firmsto expand investment in Vietnam in digital technology, electronics, infrastructureand industrial zones.
During a working session with Korean Deputy PM and Ministerof Economy and Finance Choo Kyung-ho in Seoul, Minh askedthe Republic of Korea (RoK) to facilitate Vietnam’s agro-fisheries exports to the country, toward lifting two-way trade to 100 billion USDby 2023 and 150 billion USD by 2030 in a more balanced and sustainable manner.
At the ceremony to exchange cooperation agreements between businesses of the two countries (Photo: VNA)
Choo, for his part, suggested both countries expandcoordination in new spheres such as digitalisation, climate change response andenvironment-friendly technology.
The RoK will provide more official development assistance forVietnam within the framework of the Economic Development Cooperation Fund(EDCF) signed during President Nguyen Xuan Phuc’s ongoing visit, he said.
He wished the Vietnamese Government will make it easier forKorean financial organisations to enter Vietnam, thus expanding Koreaninvestment in the country.
The two sides agreed to broaden areas receiving Vietnameseworkers and those of Vietnam’s demand, as well as to work with competent agenciesto facilitate travel, entry-exit and residence of citizens while propellingcultural and tourism cooperation, and people-to-people exchange.
At the Vietnam-RoK Business Forum held in the morning thesame day, President Phuc witnessed the signing of 15 memoranda of understandingon cooperation.
Phuchosted representatives of Korean enterprises operating in infrastructure,electronics, finance, transport and education that expressed their interest inVietnamese market. They vowed to continue investing in Vietnam in the nearfuture.
𝓡 Statisticsfrom the Vietnamese Ministry of Planning and Investment showed that dealsreached during the visit are estimated at nearly 15 billion USD./.
President Nguyen Xuan Phuc met with staff of the Vietnamese Embassy and representatives of the Vietnamese community in the Republic of Korea (RoK) in Seoul on December 4, part of his ongoing State visit to the Northeast Asian country.
President of the Republic of Korea (RoK) Yoon Suk-yeol hosted an official welcome ceremony for his Vietnamese counterpart Nguyen Xuan Phuc on December 5 afternoon in the capital city.
Vietnam and the Republic of Korea (RoK) have agreed to upgrade their ties to a comprehensive strategic partnership, President Nguyen Xuan Phuc told the press following his talks with RoK President Yoon Suk-yeol in Seoul on December 5.
President Nguyen Xuan Phuc had a meeting with Prime Minister of the Republic of Korea Han Duck-soo in Seoul on December 5, as part of his state visit to the RoK.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Permanent Deputy Prime Minister Pham Binh Minh (R) and Korean Deputy PM and Minister of Economy and Finance Choo Kyung-ho (Photo: VNA) 
At the ceremony to exchange cooperation agreements between businesses of the two countries (Photo: VNA) 
