Politics

Vietnam-RoK cooperation thriving: workshop

After 30 years of the establishment of the bilateral diplomatic ties, cooperation between Vietnam and the Republic of Korea (RoK) has been thriving across spheres, heard an online workshop held by the Vietnam Academy of Social Sciences (VASS) in Hanoi on August 3.
Phạm Thu Hương
Vietnam-RoK cooperation thriving: workshop ảnh 1The RoK is among the biggest investors in Vietnam. (Photo: VNA)
Hanoi (VNA) – After 30 years of theestablishment of the bilateral diplomatic ties, cooperation between Vietnam andthe Republic of Korea (RoK) has been thriving across spheres, heard an onlineworkshop held by the Vietnam Academy of Social Sciences (VASS) in Hanoi onAugust 3.

Associate Prof., Dr. Nguyen Huy Hoang, Director ofthe Institute for Southeast Asian Studies at the VASS, said the two countries haveestablished a strategic partnership and are working towards a comprehensivestrategic partnership.

Two-way trade revenue also increased 160 folds, from500 million USD in 1992 to 80 billion USD last year, he said, adding that theRoK is among the biggest investors in Vietnam.

He suggested the two countries strengthen cooperationin security with other nations in and outside the region, towards economicdevelopment, stability and peace in the region.

Dr. Choi In-a, from the Korea Institute forInternational Economic Policy (KIEP), said Vietnam and the RoK should deal withtrade imbalance by improving Vietnam’s capacity for intermediate goods supply,and forge cooperation in building a stable supply chain network inIndo-Pacific.

Participants also looked into collaboration in multilateraleconomic platforms like the Regional Comprehensive Economic Partnership (RCEP)and the Indo-Pacific Economic Framework for Prosperity (IPEF)./.
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