VISITING Deputy Prime Minister Vuong Dinh Hue and host Prime Minister of the Republic of Korea Lee Nak-yeon on Friday agreed to try to lift two-way trade to $100 billion by next year from $65 billion last year, together with reducing Vietnam’s trade deficit.
VISITING Deputy Prime Minister Vuong Dinh Hue and host Prime Minister of the Republic of Korea Lee Nak-yeon on Friday agreed to try to lift two-way trade to $100 billion by next year from $65 billion last year, together with reducing Vietnam’s trade deficit.
During a meeting in Seoul, the two vowed to continue further enhancing bilateral ties in the near future via facilitating high-level visits, partnering in promising fields, expanding people-to-people exchange and working closely together on regional and global issues.
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The deputy prime minister asked the South Korean side to actively consider specific measures to narrow Vietnam’s trade deficit, make it easier for the country’s farm produce and aquatic products to enter the Republic of Korea, improve the competitiveness of Vietnamese products and bring them to South Korea’s global value chain, and expand joint work in labour and tourism.
Lee informed his guest that the Vietnamese government has approved the opening of the Republic of Korea Consulate General in the central city of Danang, and wished that the South Korean government would continue to assist the Vietnamese community in their country.
Thanking the Republic of Korea for supporting Vietnam’s run for a non-permanent seat on the United Nations Security Council, Hue urged the country to partner with Viet Nam to help fulfil its tasks in the role for the 2020-2021 tenure as well as in its capacity as Asean Chair next year.
Vietnam consistently supports peace and stability on the Korean Peninsula and wants South Korea to back Asean’s stance and central role in the region, he said.
The Korean government leader pledged to consider Vietnam’s suggestion on farm produce export to South Korea as well as preferential loans.
Lee affirmed attention to the Vietnamese community living there and promised to mitigate risks faced by Vietnamese brides.
Wishing the first economic dialogue at the deputy prime minister level is a success, he vowed that the South Korean government will direct activities to realise commitments reached at the meeting.
During a meeting with Republic of Korea National Assembly Speaker Moon Hee-sang, Hue asked Lee and the South Korean legislature to consider specific ways to reduce Vietnam’s trade deficit, and encourage Korean firms to expand investment in Vietnam.
Moon said the Republic of Korea’s political parties treasure the strengthening of extensive cooperation with Vietnam, a key and strategic nation in the government’s New Southern Policy.
The South Korean legislature wants to expand ties with the Vietnamese side and supports policies on developing bilateral ties, he said.
They expressed their belief that with geographical proximity, cultural similarities, and communities of over 210,000 Vietnamese people in the Republic of Korea and more than 160,000 South Koreans in Vietnam, bilateral strategic cooperative partnership will further grow in the near future. VIET NAM NEWS
