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.
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.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
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) 
