Vietnam offers stability, security and the opportunity for sustainable success.

On the afternoon of October 30, during his participation in the Asia-Pacific Economic Cooperation (APEC) 2025 Summit Week in Gyeongju City, South Korea, President Luong Cuong delivered an important speech at the APEC 2025 Business Summit.

President Luong Cuong, along with the US President, Chinese President, Philippine President, Chilean President, New Zealand Prime Minister, Thai Prime Minister, Canadian Prime Minister, and Crown Prince of Abu Dhabi (United Arab Emirates - UAE) are the honored guests of this year's conference.

Speaking at the conference, President Luong Cuong shared about Vietnam's development path in the new era. The President emphasized that after nearly 40 years of implementing the Doi Moi process, Vietnam has achieved important and historic achievements, creating a solid foundation for the country's breakthrough development to enter a new era with the world. According to the President, Vietnam is clearly aware that in order to achieve continuous double-digit growth, towards the goal of becoming a high-income developed country by 2045, it is necessary to have stronger and more drastic breakthroughs to break down all barriers, remove all bottlenecks, open up and maximize the resources and intelligence of all socio-economic sectors and transform the country's development model.

President Luong Cuong speaks at the APEC 2025 Business Summit

PHOTO: VNA

In addition to promoting three strategic breakthroughs in institutions, infrastructure and human resources, the President said that Vietnam is implementing a series of major reforms in innovation in law-making and enforcement, science and technology development, innovation and digital transformation; private economic development; improving and upgrading infrastructure, especially the energy system; investing in people through education and health. Along with that, Vietnam continues to promote deep international integration on the basis of internal strength playing a decisive role, increasing internal strength while taking advantage of external strength, shifting from the mindset of "participation" to "proactive contribution".

The President emphasized that in a world full of instability, uncertainty, turmoil and disruption, Vietnam offers businesses stability, safety and opportunities for sustainable success. Accompanying Vietnam, businesses will have a safe and stable political and social environment; a favorable and transparent investment and business environment; a large market of more than 100 million people; a dynamic, strongly growing and globally connected economy; a young, abundant and well-trained workforce; and an increasingly complete and synchronous infrastructure system.

Vietnam - South Korea aim for bilateral turnover of 150 billion USD

During his talks with South Korean President Lee Jae Myung on the same afternoon, President Luong Cuong affirmed that Vietnam consistently values ​​its relations with South Korea and hopes that bilateral cooperation will continue to have new, more substantial, effective and sustainable steps in all fields.

The two leaders agreed to continue promoting delegation exchanges and high-level and all-level exchanges through diverse channels, effectively coordinate the implementation of existing cooperation mechanisms and promote the substantive implementation of cooperation documents signed between the two countries, especially the agreements reached during General Secretary To Lam's state visit to the Republic of Korea in August 2025; committed to promoting mutually beneficial economic cooperation, in line with the development goals of both sides, creating a major and substantive shift in cooperation.

President Luong Cuong suggested that the two sides coordinate to implement practical measures to soon complete the target of bilateral trade turnover reaching 150 billion USD by 2030 in a balanced and sustainable manner; affirming that Vietnam will create favorable conditions for Korean enterprises to feel secure in investing long-term in Vietnam.

President Luong Cuong holds talks with South Korean President Lee Jae Myung

PHOTO: VNA

The two sides agreed to make cooperation in science, technology, innovation, digital transformation and human resource development a new pillar in bilateral relations; and agreed to strengthen cooperation in education, culture and people-to-people exchange to create deeper connections and understanding.

President Luong Cuong asked Korea to continue to pay attention, have policies to protect legitimate rights, ensure security and safety, and create all favorable conditions for the Vietnamese community in Korea to feel secure in living, studying, and working long-term in Korea.

Discussing international and regional issues of mutual concern, President Luong Cuong congratulated the Republic of Korea on successfully organizing the APEC Summit Week 2025 and hoped that the Republic of Korea would support and coordinate with Vietnam in successfully organizing the APEC Summit Week 2027. The two sides agreed to cooperate closely and support each other in regional and international forums of mutual concern; together promote the early upgrading of the ASEAN-Korea Free Trade Agreement and the implementation of the Mekong-Korea Summit in the coming time. The two sides shared a common strategic vision on maintaining peace and stability in the East Sea, ensuring legitimate and legal rights in accordance with international law and the 1982 United Nations Convention on the Law of the Sea (UNCLOS 1982).

On October 30, within the framework of attending the 32nd APEC Summit Week and bilateral working sessions in the Republic of Korea, President Luong Cuong had meetings with Ms. Li Li, founder of MEBO International Group of China, Chairman of Lotte Group (Korea) Shin Dong Bin, Secretary General of the International Chamber of Commerce (ICC) John Denton; attended and spoke at the "Vietnam Day" event jointly organized by Gyeongsanbuk province, the New Rural Development Fund of Korea and the Vietnamese Embassy in the Republic of Korea.

Source: https://thanhnien.vn/viet-nam-mang-den-su-on-dinh-an-toan-va-co-hoi-thanh-cong-ben-vung-185251030221931981.htm