(Hanoi/Seoul Composite Electric) South Korea will strengthen security cooperation with Vietnam, combat North Korea's nuclear missile plan, and promise to increase bilateral trade and investment.Vietnam has shown that it is ready to participate in the Korean Peninsula's nuclearization process.
South Korean President Yin Xiyue, a national visit in Vietnam, held talks on Friday (June 23) and Vietnamese President Wu Wen.After the two held a joint press conference, Yin Xiyue said: "North Korea's nuclear weapons and missile plans are the most urgent security threat in the region ... South Korea will strengthen cooperation with Vietnam and Asians."
He pointed out that South Korea and Vietnam have agreed to deepen strategic cooperation in diplomacy and security.The two parties will hold a regular meeting of bilateral foreign ministers to deepen strategic communication and will further expand military cooperation based on political mutual trust.
In this regard, Wuwen appreciated that Vietnam pays close attention to the situation in North Korea and is ready to contribute to the nuclearization of the Korean Peninsula.
From June 22 to 24, Yin Xiyue conducted a state visit in Vietnam.This is the first visit to Southeast Asia after he took office in May 2022.
Han will provide Vietnam with a $ 4 billion loan
Yin Xiyue also talked about the economic and trade cooperation between the two countries.He said that South Korea would provide US $ 4. billion (about S $ 5.4 billion) loans to Vietnam by 2030 as part of the economic cooperation between the two countries.
He admits that business environment has been difficult in recent years, but "we must seek new business opportunities in Vietnam, because Vietnam is the center of global supply chain reorganization and an emerging consumer market."
Yin Xiyue said that the two countries agreed to accelerate the pace of economic cooperation and strive to achieve the goal of achieving bilateral trade in 2030 in 2030.Last year, the bilateral trade volume of the two countries was about 87 billion US dollars.
He pointed out that both sides believe that the two countries have a huge potential for cooperation in developing Vietnamese rare earth resources, and agreed that the new key mineral supply chain center will be established to lay the foundation of cooperation.The two sides will also seek cooperation in the fields of liquefied natural gas (LNG) power generation, hydrogen energy production, smart cities, and climate change response.
Reuters reports that the bilateral trade volume of the first five months of the first five months of South Korea and Vietnam has decreased by a quarter of the year -on -year; Vietnam's import of Korean products has fallen by nearly 30 % because the world's global smartphones and other electronic productsDemand decline.
A number of people in the industry revealed that the decline in electronics orders forced Korean companies to reduce their labor in Vietnam.
For this reason, the Korean side plans to further expand its development cooperation with Vietnam, including the above $ 4 billion loan assistance to help Vietnam cope with problems facing climate change, education, hygiene and digital transformation.Korean companies also signed 100 agreement on energy, aviation, shipbuilding and research with Vietnam.
