Vietnam eager to foster strategic partnership with RoK

10:20 | 19/03/2015 Cooperation

National Assembly (NA) Chairman Nguyen Sinh Hung has affirmed the nation’s desire to fortify the strategic partnership with the Republic of Korea (RoK) at a March 18 reception for Korean NA speaker Chung Ui-wha in Hanoi.

Vietnam eager to foster strategic partnership with RoK

The NA leader glowingly spoke of his Korean counterpart’s ongoing visit which takes place at special time when Vietnam is making thorough preparations for the forthcoming 132nd Inter-Parliamentary Union Assembly (IPU-132), scheduled to open in Hanoi on March 28.

The visit signified the political trust and flourishing relations over the past years, he noted.

The NA Chairman emphasised that the RoK is one of the most important trade partners of Vietnam, ranking first in terms of direct foreign investment (FDI), second in official development assistance (ODA), and third in trade value.

Bilateral ties have been steadily advancing in various realms - culture, education, science and technology, and national security and defence.

Hung hailed both nations’ combined efforts to finalize bilateral free trade agreement (FTA) negotiations to raise bilateral trade volume to US$70 billion by 2020.

RoK NA speaker Chung Ui-Hwa said he was impressed by the strong development and accomplishments made by the Vietnam National Assembly.

He also expressed his delight at the fine development in bilateral strategic partnership, regular visit exchange, and legislation experience sharing.

For his part, Chung Ui-Hwa praised the great contributions by the overseas Vietnamese community in the RoK, saying they play a key role in promoting the friendship and people exchange between the two countries.

Host and guest greatly valued the effective implementation of a bilateral agreement on legislation cooperation signed in July 2013. They agreed to maintain visit exchange at all levels, increase mutual understanding, share views on issues of regional and international concern, and keep a close watch on agreements and conventions signed by the two governments.

Later the same day, NA Chairman Hung hosted a banquet in honour of speaker Chung Ui-Hwa and his entourage.

 Source VOV News