Vietnam, RoK Lift Relationship to Comprehensive Strategic Partnership

Vietnam and the Republic of Korea (RoK) agreed to upgrade their ties to a comprehensive strategic partnership during the talks between President Nguyen Xuan Phuc with his RoK counterpart Yoon Suk-yeol in Seoul on December 5.
December 06, 2022 | 07:31
Vietnamese President Nguyen Xuan Phuc (L) and RoK President Yoon Suk-yeol (Photo: VNA)
Vietnamese President Nguyen Xuan Phuc (L) and RoK President Yoon Suk-yeol. Photo: VNA

President Phuc affirmed Vietnam consistently values ties with the RoK in its foreign policy of independence, self-reliance, multilateralisation and diversification of relations, VietnamPlus reported.

The leaders agreed to facilitate all-level visits in diverse and flexible forms, further step up cooperation in diplomacy, national defence and security, carry out existing cooperation and dialogue mechanisms, strive for specific results in national defence industry cooperation and promote coordination in the fight against crimes, especially trans-national crimes, terrorism and non-traditional security challenges.

Host and guest promised to boost trade, investment, development cooperation and technological transfer, toward achieving two-way trade of $100 billion next year and $150 billion by 2030 in a more balanced manner.

The leaders highly valued the practicality and effectiveness of the official development assistance (ODA) capital that the RoK has provided for Vietnam in recent times, and agreed to strengthen cooperation in development assistance and increase ODA for Vietnam in the coming years, especially for basic infrastructure construction and human resources training.

They agreed to strengthen coordination to ensure legitimate rights of citizens of both nations residing in each country; foster cooperation in urban planning and development, housing and real estate market, technical infrastructure, training of human resources in managing and operating maritime, air and road transport.

Vietnam, RoK Lift Relationship to Comprehensive Strategic Partnership
At the talks between the Vietnamese and RoK Presidents. Photo: VGP

The two sides will work closely to implementing key transport infrastructure projects in the 2021-2025 period, promoting more Korean investment in transport infrastructure in the form of Public Private Partnership (PPP); expand the scope of cooperation in the fields of labour and vocational training, and soon extend the memorandum of understanding (MoU) on sending and receiving Vietnamese labourers to work in the RoK (EPS), which will expire in February 2023.

The RoK will continue to support Vietnam in climate change response and emission reduction in each project and each enterprise in accordance with Vietnam's commitments made at COP26.

Within the framework of the talks, the leaders exchanged views on regional and global issues.

President Phuc affirmed that Vietnam consistently supports the implementation of denuclearization, as well as promotes dialogue and cooperation on the Korean Peninsula, adding that it is willing to coordinate and contribute to this process.

The two leaders agreed on the necessity of ensuring security, safety and freedom of navigation and aviation in the South China Sea (Bien Dong Sea), maintaining a peaceful and stable environment and a legal order, and resolving maritime disputes by peaceful measures, ensuring legitimate rights and interests of countries in accordance with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

A joint statement on the comprehensive strategic partnership between Vietnam and the RoK was issued after the talks, aiming to promote the deep and reliable cooperation between the two countries in all fields.

The leaders also witnessed the signing of many cooperation documents between ministries, sectors, localities and businesses of the two countries.

Vietnam, RoK Lift Relationship to Comprehensive Strategic Partnership
The leaders also witnessed the signing of many cooperation documents between ministries, sectors, localities and businesses of the two countries. Photo: VNA

President Phuc took the occasion to invite his RoK counterpart Yoon Suk-yeol and his wife to visit Vietnam and the later thanked and accepted the invitation with pleasure.

At a meeting with RoK Prime Minister Han Duck Soo, the two leaders discussed orientations for cooperation within the framework of the comprehensive strategic partnership in the coming time in all fields, according to the World & Vietnam Report.

Vietnam, RoK Lift Relationship to Comprehensive Strategic Partnership
President Nguyen Xuan Phuc (R) and RoK Prime Minister Han Duck Soo. Photo: VNA

Both stressed determination to deepen the Vietnam – RoK cooperative relations, for the benefit of the two peoples, contributing to regional cooperation and development.

On the occasion, President Phuc conveyed Prime Minister Pham Minh Chinh’s invitation to visit Vietnam to Prime Minister Han Duck Soo.

The same day, President Phuc hosted a reception for leaders of Korean corporations, during which he pledged that Vietnam will continue to strongly improve its business and investment environment to attract foreign investors, including investors from the RoK, according to VOV./.

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Rosy Huong

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