Vietnam wants to further promote strategic cooperative partnership with the RoK

09:25 | 22/12/2017 Cooperation

Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh on December 21 held a meeting with President of the Republic of Korea (RoK) Moon Jae-in as part of his three-day visit to the country.

Deputy PM and Foreign Minister Pham Binh Minh (L) meets with President of the Republic of Korea Moon Jae-in - Photo: VNA

At the meeting, Deputy PM Pham Binh Minh affirmed that the Government of Vietnam treasures and wants to further promote the strategic cooperative partnership with the RoK for the development of both countries and for peace and cooperation in the region and the world.

Moon welcomed Deputy PM Pham Binh Minh’s visit which takes place at a time when Vietnam and the RoK are celebrating the 25th founding anniversary of diplomatic relations, thus deepening the bilateral relationship.

During a meeting with RoK Prime Minister Lee Nak-yeon the same day, the two officials discussed major orientations to enhance political trust and implement practical measures to boost cooperation in investment, trade and technology transfer.

Deputy PM Pham Binh Minh asked Lee and the RoK Government to seek effective measures to balance two-way trade and lift the bilateral trade value to US$ 100 billion in 2020, while encouraging RoK businesses to increase investments and take part in infrastructure development, equitisation of State-owned enterprises and restructuring of commercial banks in Vietnam.

He also expressed his hope that the RoK Government supports overseas Vietnamese who are working, living and studying in the RoK.

Lee pledged to direct RoK agencies to increase cooperation with Vietnamese partners to expand cooperation areas in the future.

Also on December 21, Deputy PM Pham Binh Minh held talks with RoK Foreign Minister Kang Kyung-wha, during which the two ministers discussed specific solutions to promote the Vietnam-RoK strategic cooperative partnership to a new height.

They agreed to effectively deploy existing cooperation mechanisms and soon organise a strategic dialogue on diplomacy, security and defence at the level of deputy foreign minister.

The two officials also consented to carry out measures to develop bilateral trade in a stable and balance manner, while working closely to conduct the framework agreement on a US$ 1.5 billion credit package from the Economic Development Cooperation Fund (EDCF) signed in November 2017 and the credit programme worth US$ 12 billion within the financial cooperation between the two nations, and continuing to bolstering cooperation in culture, education, health and people-to-people exchanges.

Minh applauded RoK investors for investing in high-technology, smart agriculture and infrastructure in Vietnam. He asked the RoK Government to continue providing Vietnam with non-refundable technical assistance and preferential ODA to develop infrastructure projects.

He also asked for the RoK’s help with bomb and mine clearance, and increasing the reception of Vietnamese workers.

Kang applauded Deputy PM Pham Binh Minh’s proposals and hoped that the Government of Vietnam will create optimal conditions for RoK firms to partake in large projects such as Long Thanh international airport, metro project in Ho Chi Minh City, and North-South Expressway.

He promised that the Foreign Ministry and other agencies of the RoK will continue coordinating closely with Vietnamese counterparts to deploy practical measures to enhance the strategic cooperative partnership between the two countries...

On the same day, Deputy PM Pham Binh Minh held a dialogue with leaders of 20 leading groups in the RoK such as Samsung, Hyundai, Lotte, Kumho, Hanwha, Hyosung, LG and Korea Eximbank.

The RoK businesses inquired about Vietnam’s policies and institutions in the fields of investment, trade, tax and banking and suggested Vietnam continue creating favourable conditions for RoK investors to expand production and business operations in Vietnam.

Deputy PM Pham Binh Minh highlighted Vietnam’s investment and business potential for RoK firms and cleared up Vietnam’s policies and regulations in various fields.

He affirmed that the Vietnamese Government will continue offering optimal conditions for RoK investors to do business effectively in the Southeast Asian country.