NA Chairman’s visit to create momentum for Viet Nam-RoK strategic cooperative partnership

The upcoming visit to the Republic of Korea (RoK) by NA Chairman Vuong Dinh Hue will create a new momentum for the flourishing Viet Nam-RoK strategic cooperative partnership, towards the 30th anniversary of the two countries' diplomatic ties next year.
NA Chairman Vuong Dinh Hue and NA Speaker of the RoK Park Byeong-seug join virtual talks. (Photo: VNA)
NA Chairman Vuong Dinh Hue and NA Speaker of the RoK Park Byeong-seug join virtual talks. (Photo: VNA)

Chairman of the National Assembly Vuong Dinh Hue is set to begin his official visit to the RoK on December 12 at the invitation of Speaker of the National Assembly of the RoK Park Byeong-seug.

Viet Nam set up diplomatic ties with the RoK on December 22, 1992. In the nearly three decades, the RoK has been among Viet Nam's leading important partners.

The countries’ relationship was elevated to strategic cooperative partnership in October 2009 on the occasion of the Viet Nam visit by then RoK President Lee Myung-bak.

Regarding the economic field, the RoK is among leading important partners of Viet Nam, ranking first in terms of investment, with total registered capital worth 72.35 billion USD and 9,100 valid projects.

The East Asian country is Viet Nam's second biggest official development assistance (ODA) provider, with 1.5 billion USD in the 2016-20, extended to 2030; and ranks second in terms of trade as bilateral trade hit 48.5 billion USD in eight months of 2021, a year-on-year increase of 17.4 percent.

The RoK is also the second key labour export market of Viet Nam and Vietnamese labourers represent the second largest group of foreign workers in the RoK, with about 48,000.

The RoK has emerged as a major source of holidaymakers in Viet Nam over the years. In 2019, about 4.2 million Korean tourists travelled to Viet Nam, up 23.1 percent, and 550,000 Vietnamese came to the RoK, surging 21.9 percent against the previous year.

The two countries have signed numerous cooperation agreements in culture-art, sports, youth exchanges and education.

The government and businesses of the RoK have supported Viet Nam’s COVID-19 fight, especially in vaccine and medicine, along with pharmaceutical development and health care capacity improvement.

The country supported more than 1 million doses of AstraZeneca COVID-19 vaccine to Viet Nam and is keen to offer medical assistance to Viet Nam in the time to come.

Furthermore, Viet Nam and the RoK have enhanced cooperation in the fields of agriculture, jurisdiction, science-technology, people-to-people exchanges and collaboration between the countries’ localities.

According to the RoK's NA Speaker Park Byeong-seug, the upcoming visit by NA Chairman Hue will deepen the countries’ bilateral relations on multiple levels: between Heads of State, Speakers, and parliamentarians.

He affirmed that Viet Nam is a pivot country in the RoK’s New Southern Policy.

During his trip, the Vietnamese NA Chairman will affirm Viet Nam’s stance on support for the elevation of the two countries’ strategic cooperative partnership to a comprehensive strategic cooperative partnership, Chairman of the NA’s Committee for External Relations Vu Hai Ha told reporters prior to the visit.

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(Source: VNA)