Prime Minister Pham Minh Chinh and South Korean President Yoon Suk Yeol – Photo: VGP/Nhat Bac
At the meeting, Prime Minister Pham Minh Chinh expressed his pleasure that the two countries' relations have achieved many outstanding achievements after more than 30 years of establishing diplomatic relations (1992-2022), including upgrading relations between the two countries to "Comprehensive Strategic Partnership"; affirming that Vietnam and the Republic of Korea share many similar strategic interests in the development of each country as well as views on many international and regional issues, especially upholding the role of international law, multilateralism, people-centered service.
In its foreign policy, Vietnam consistently attaches importance to relations with the Republic of Korea, and wishes to cooperate with Korea to further develop the cooperation relationship between the two countries, in which economic and trade cooperation is the focus, political trust is the foundation, contributing to peace and common prosperity in the region and the world.
Sharing with the Korean President about Vietnam's socio-economic development orientations, Prime Minister Pham Minh Chinh affirmed that Vietnam is building a socialist rule of law state, a market-oriented economy. socialism and socialist democracy, taking people as the center, as the goal, as the subject, as the resource, as the driving force for development. In that spirit, the Prime Minister suggested that the RoK continue to cooperate and support Vietnam in five specific issues, including capital, technology, human resources, institutional building, and governance.
Prime Minister Pham Minh Chinh meets with South Korean President Yoon Suk Yeol on the occasion of the G7 Open Summit – Photo: VGP/Nhat Bac
Prime Minister Pham Minh Chinh suggested the two sides continue to promote economic, trade and investment cooperation, including soon completing the goal of raising trade turnover to 150 billion USD by 2030 in a balanced direction. healthy; at the same time, welcome Korean enterprises to invest in large infrastructure projects; affirmed that the State and Government and relevant agencies of Vietnam will continue to create favorable conditions for Korean enterprises to invest and expand their investment scale in Vietnam in the coming time.
President Yoon Suk Yeol shared Prime Minister Pham Minh Chinh's comments on the outstanding results of the two countries' relations over the past time; affirming the importance of relations with Vietnam, considering Vietnam as one of the leading important partners in the region, shown by the fact that Vietnam is currently the 3rd largest trading partner of Korea.
Regarding the direction of relations development, Korea is willing to cooperate with Vietnam to promote close cooperation in many aspects, especially in the fields Korea has strengths and Vietnam has needs such as science, technology, innovation, etc., contributing to socio-economic development and improving the lives of the people of the two countries. The President of the Republic of Korea believes that on the basis of the comprehensive strategic partnership, the relationship between the two countries will continue to develop stronger and more substantive.
The two leaders also affirmed that they will take practical measures to support the Vietnamese community living and working in Korea and Koreans living and working in Vietnam.
The two sides agreed to continue exchanging and coordinating in international and regional issues of mutual interest at multilateral cooperation mechanisms and international organizations, thereby contributing to maintaining peace, stability, cooperation and development in the region and the world.
