President Tran Dai Quang (R) meets RoK President Moon Jae-in during the APEC Economic Leaders' Week in Da Nang city last year (Photo: VNA)
Hanoi (VNA) – Vietnam and the Republicof Korea (RoK) have played an active role in boosting cooperation in East Asia,heard a workshop in Hanoi on March 15.
The commentwas shared by experts at the workshop which was jointly held by the VietnamAcademy of Social Sciences (VASS) and the Korean Institute of Southeast AsianStudies (KISEAS).
VASS President Nguyen Quang Thuan said East Asiahas attracted special attention from the world in recent years, not onlybecause it is an important strategic region in terms of politics and securitybut also a region with dynamic economic development.
As East Asian countries, Vietnam and the RoK areinfluenced by regional changes and standing in front of new cooperationopportunities and challenges, he said.
In that context, the two nations need to promotetheir active role in regional cooperation and strengthen bilateral relationsfor peace and prosperity, Thuan added.
Vietnam and the RoK have enjoyed growing ties invarious fields over the past 25 years, particularly in economy and politics,since they established diplomatic relations in 1992, comprehensive partnershipin 2001 and strategic cooperative partnership in 2009.
Accordingto Vietnam’s General Department of Customs, two-way trade between Vietnam andthe RoK hit 61.5 billion USD in 2017, a year-on-year increase of 41.3 percent.
Vietnam’sexports to the RoK reached 14.8 billion USD, while its imports from the East Asiancountry stood at 46.7 billion USD, up 30 percent and 45.3 percent against 2016,respectively. The two countries have set a target of 100 billion USD in two-waytrade by 2020.
Lastyear, the RoK was the second largest foreign investor in Vietnam, just behindJapan, with total registered capital of 8.49 billion USD.
Interms of accumulative investment, the country ranked first among 125 countriesand territories investing in Vietnam, with total investment capital of 57.7billion USD by the end of December 2017.-VNA
The commentwas shared by experts at the workshop which was jointly held by the VietnamAcademy of Social Sciences (VASS) and the Korean Institute of Southeast AsianStudies (KISEAS).
VASS President Nguyen Quang Thuan said East Asiahas attracted special attention from the world in recent years, not onlybecause it is an important strategic region in terms of politics and securitybut also a region with dynamic economic development.
As East Asian countries, Vietnam and the RoK areinfluenced by regional changes and standing in front of new cooperationopportunities and challenges, he said.
In that context, the two nations need to promotetheir active role in regional cooperation and strengthen bilateral relationsfor peace and prosperity, Thuan added.
Vietnam and the RoK have enjoyed growing ties invarious fields over the past 25 years, particularly in economy and politics,since they established diplomatic relations in 1992, comprehensive partnershipin 2001 and strategic cooperative partnership in 2009.
Accordingto Vietnam’s General Department of Customs, two-way trade between Vietnam andthe RoK hit 61.5 billion USD in 2017, a year-on-year increase of 41.3 percent.
Vietnam’sexports to the RoK reached 14.8 billion USD, while its imports from the East Asiancountry stood at 46.7 billion USD, up 30 percent and 45.3 percent against 2016,respectively. The two countries have set a target of 100 billion USD in two-waytrade by 2020.
Lastyear, the RoK was the second largest foreign investor in Vietnam, just behindJapan, with total registered capital of 8.49 billion USD.
Interms of accumulative investment, the country ranked first among 125 countriesand territories investing in Vietnam, with total investment capital of 57.7billion USD by the end of December 2017.-VNA
VNA
