The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Korea's Coast Guard apprehends 22 Chinese after illegal entry attempt

  • 3

    Ruling party vows to investigate China's alleged influence operations

  • 5

    TREASURE takes flak for excluding Dokdo from its Japan tour map

  • 7

    Block Party returns to Yongsan for 2nd year

  • 9

    Koreans' happiness rising slowly but surely: presidential panel

  • 11

    Korea crashes out of medal contention in men's basketball

  • 13

    Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

  • 15

    Dream-pop band Nice Legs revisits Korea for Block Party

  • 17

    Traffic on major expressways eases on final day of holiday

  • 19

    Lawmakers want chairmen of financial firms held accountable over misconduct

  • 2

    Public transit fares to increase in Seoul and Busan this week

  • 4

    Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

  • 6

    Korean steelmakers on alert over initiation of EU carbon border tariff

  • 8

    SEVENTEEN's unique approach to artistry: A deep dive into self-production and collaboration

  • 10

    Pilot dead after civilian helicopter crashes into reservoir in Pocheon

  • 12

    Korea wins gold medal in men's team Go

  • 14

    30 out of 74 major financial companies lack female board member

  • 16

    Dong-A Socio Group’s honorary chairman passes away at 96

  • 18

    Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

  • 20

    BTS' Jungkook to release first solo album 'Golden'

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Thu, October 5, 2023 | 07:25
Foreign Affairs
Korea, Vietnam elevate ties to comprehensive, strategic partnership
Posted : 2022-12-05 20:15
Updated : 2022-12-06 03:15
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
President Yoon Suk-yeol shakes hands with his Vietnamese counterpart, Nguyen Xuan Phuc, during a joint press conference after their summit at the former's presidential office in Yongsan District, Seoul, Monday. Yonhap
President Yoon Suk-yeol shakes hands with his Vietnamese counterpart, Nguyen Xuan Phuc, during a joint press conference after their summit at the former's presidential office in Yongsan District, Seoul, Monday. Yonhap

By Nam Hyun-woo

President Yoon Suk-yeol and his Vietnamese counterpart, Nguyen Xuan Phuc, held a summit in Seoul, Monday, agreeing to elevate bilateral ties to "a comprehensive and strategic partnership."

The two leaders especially vowed to strengthen cooperation in strategy, security, industry, and supply chains.

Phuc arrived in Seoul on Sunday as part of a three-day state visit to Korea on the occasion of the 30th anniversary of diplomatic ties between the two countries. Phuc is the first foreign head of state to make a state visit to Korea since Yoon took office on May 10.

"For the past three decades, the two countries have established a model case of mutually beneficial and cooperative bilateral relations, with their dazzling progress in trade and investment cooperation," Yoon said during a joint press conference after the summit at the presidential office in Yongsan, Seoul.

"Based on these achievements, we seek to open up a new era of Korea-Vietnam relations by establishing a comprehensive and strategic partnership," he added.

In addition to Korea, Vietnam has forged comprehensive and strategic partnerships with only China, Russia and India.

Yoon noted that the two countries will enhance strategic dialogue, since they share mutual interests in the areas of regional peace, security and a rules-based order.

Korea, Vietnam to bolster critical materials supply chains
Korea, Vietnam to bolster critical materials supply chains
2022-12-05 16:57  |  Companies

"Vietnam is the core partner of Korea's Indo-Pacific strategy and Korea-ASEAN solidarity initiative," Yoon said. "To strengthen Korea-ASEAN and Korea-Mekong cooperation, we will closely coordinate with Vietnam. President Phuc also welcomed South Korea's diplomatic vision to become a global pivotal state."

During last month's South Korea-ASEAN summit, Yoon unveiled his Indo-Pacific strategy which focuses on promoting freedom, peace and prosperity in the region, pursuing an open and fair economic order and stronger contributions by Seoul for those goals.

To this end, Yoon promised to reinvigorate vice-minister level strategic conversations between the two countries and expand bilateral cooperation in maritime security and national defense.

President Yoon Suk-yeol shakes hands with his Vietnamese counterpart, Nguyen Xuan Phuc, during a joint press conference after their summit at the former's presidential office in Yongsan District, Seoul, Monday. Yonhap
President Yoon Suk-yeol speaks during a summit with his Vietnamese counterpart, Nguyen Xuan Phuc, at the presidential office in Yongsan District, Seoul, Monday. Joint Press Corps

The leaders also promised to expand bilateral cooperation for economic security and supply chain resilience.

During their summit, the two countries signed three agreements and six memorandums of understanding on tariffs, financial cooperation, rare minerals, electricity and other economic fields.

Highlighting them was an MOU on stronger bilateral cooperation in rare minerals. Vietnam has the world's second-largest reserves of rare earth metals and is an important supply chain partner for Korea, a chip manufacturing powerhouse.

The leaders also agreed that the two countries will make efforts to reach $100 billion in bilateral trade by 2023 and $150 billion by 2030.

"Korean companies are the largest investors in Vietnam with $30 billion in investments, which are expanding in areas such as technology transfers, in order to develop railways and trains, green industries, smart cities and other areas," Phuc said during the press conference.

"I am convinced that the comprehensive and strategic partnership will usher in a new era of bilateral relations and make contributions to international security and peace," he added.

Yoon also vowed to assist Vietnam with Korean language education. In February of last year, Vietnamese education authorities included Korean as one of the foreign languages taught at elementary schools there.

The Korean president also requested the Vietnamese government's support for Korea's southern port city of Busan's bid to host the 2030 World Expo. The Vietnamese leader responded positively to the request.



Emailnamhw@koreatimes.co.kr Article ListMore articles by this reporter
 
wooribank
LG
Top 10 Stories
1POSCO Future M, LG Chem, EcoPro BM hit by plunging lithium, nickel prices POSCO Future M, LG Chem, EcoPro BM hit by plunging lithium, nickel prices
2Gangnam gears up for festival showcasing various K-culture events Gangnam gears up for festival showcasing various K-culture events
3North Korea lays groundwork for US disarmament talks: experts North Korea lays groundwork for US disarmament talks: experts
4South Korea to found cyberwarfare reserve forces in 2025 South Korea to found cyberwarfare reserve forces in 2025
5Samsung targets mid-range market with affordable S23 FE Samsung targets mid-range market with affordable S23 FE
6Bank of Korea takes first step to adopt centralized digital currency Bank of Korea takes first step to adopt centralized digital currency
7Seoul's parks abuzz with fall festivals Seoul's parks abuzz with fall festivals
8Task force planned to prevent opinion-rigging on Daum portal Task force planned to prevent opinion-rigging on Daum portal
9Seoul to invest W5 tril. to become fintech powerhouse Seoul to invest W5 tril. to become fintech powerhouse
10Seoul stocks tumble on concerns over Fed's prolonged monetary tighteningSeoul stocks tumble on concerns over Fed's prolonged monetary tightening
Top 5 Entertainment News
1Crime thriller, romance series set to roll out in October Crime thriller, romance series set to roll out in October
2Korean literature featured as animation works at Incheon Airport Korean literature featured as animation works at Incheon Airport
328th BIFF opens with star-studded red carpet event28th BIFF opens with star-studded red carpet event
4[PHOTOS] Kep1er returns with 'Magic Hour' to mesmerize fans PHOTOSKep1er returns with 'Magic Hour' to mesmerize fans
5TREASURE takes flak for excluding Dokdo from its Japan tour map TREASURE takes flak for excluding Dokdo from its Japan tour map
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group