RoK President to pay State visit to Vietnam

TIN LIÊN QUAN
	ROK at forefront of foreign investors in Vietnam
	Vietnam, RoK look towards 100 bln USD trade by 2020

The visit will be made at the invitation of Vietnamese President Tran Dai Quang, announced the Ministry of Foreign Affairs.

RoK President Moon Jae-in. (Photo: Getty)

Vietnam and the RoK set up diplomatic ties on December 22, 1992. The two countries elevated the bilateral relationship to the level of strategic partnership in 2009.

According to Vietnam’s General Department of Customs, two-way trade between Vietnam and the RoK hit 61.5 billion USD in 2017, a year-on-year increase of 41.3 percent. 

Vietnam’s exports to the RoK reached 14.8 billion USD, while its imports from the East Asian country stood at 46.7 billion USD, up 30 percent and 45.3 percent against 2016, respectively. 

The two countries have set a target of 100 billion USD in two-way trade by 2020.

The RoK was the second largest foreign investor in Vietnam last year, just behind Japan, with total registered capital of 8.49 billion USD.

In terms of accumulative investment, the country ranked first among 125 countries and territories investing in Vietnam, with total investment capital of 57.7 billion USD by the end of December 2017.

President hosts RoK Foreign Minister President Tran Dai Quang hosted Foreign Minister of the Republic of Korea Kang Kyung Wha in Ha Noi on March 9.

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