Promoting Vietnam - Korea trade and investment cooperation

VTV.vn - The two countries will strengthen cooperation in trade, investment, science and technology and sustainable development, aiming for a turnover of 150 billion USD by 2030.

The Vietnamese Government has proposed that the Korean Government encourage its large corporations to invest in priority sectors.

In Seoul, South Korea, the 20th meeting of the Vietnam-Korea Intergovernmental Committee on Economic, Scientific and Technological Cooperation took place, focusing on comprehensively reviewing the results of cooperation over the past three years and discussing directions for the coming period.

Accordingly, Vietnam proposed that Korea facilitate Vietnamese goods, especially agricultural products and food, towards the target of 150 billion USD in turnover by 2030 in a more sustainable direction. Vietnam hopes that Korea will encourage large corporations such as Samsung, LG, SK, Hyosung to increase investment in priority areas such as infrastructure, high technology, semiconductors, AI, renewable energy and smart cities. The two sides agreed to focus on effectively implementing transport infrastructure, urban, high technology and education projects in the 2026-2030 period. Korea is currently Vietnam's third largest trading partner and the largest foreign investor in Vietnam with more than 10,300 valid projects.

During the 2026 - 2030 period, the two sides aim to focus on high-priority projects in areas such as investment in developing transport infrastructure, urban areas, high-tech infrastructure, and higher education, and closely coordinate to successfully implement new projects proposed to use capital from the non-refundable aid commitment of 200 million USD and two framework agreements from the EDCF and EDPF Funds mentioned above.

Vietnam also requested that Korea continue to pay attention and allocate non-refundable ODA capital to Vietnam to implement the Vietnam Research and Development Innovation Project (VKIST Project Phase 2).

Source: https://vtv.vn/thuc-day-hop-tac-thuong-mai-va-dau-tu-viet-nam-han-quoc-100251115064619456.htm