President
Lee Jae-myung announced on the 11th that Korea and Vietnam, marking the 10th
anniversary of their Free Trade Agreement (FTA) this year, have agreed to
intensify efforts to reach their target of expanding bilateral trade volume to
150 billion dollars by 2030.
Speaking
at a joint press conference after holding a summit with Vietnamese Communist
Party General Secretary To Lam, who is on a state visit to Seoul, Lee
emphasized that the two countries will strengthen cooperation across multiple
sectors. “Based on strong political trust, the two countries also agreed to
enhance cooperation in the defense industry and public security to contribute
to peace and stability in the region,” he said.
The summit
concluded with the adoption of the ‘Joint Statement on “Deepening the
Comprehensive Strategic Partnership between Korea and Vietnam.’ Both leaders
pledged to further advance bilateral cooperation in a broader and
future-oriented manner.
President
Lee highlighted the importance of bolstering ties in diplomacy, security, and
defense, stressing that high-level exchanges are essential to building mutual
understanding and political trust. He noted that the two countries would also
strengthen collaboration at the level of national assemblies and local
governments.
Economic
cooperation emerged as another central theme of the talks. Lee underscored the
shared commitment to accelerate mutually beneficial economic ties, particularly
in strategically significant infrastructure sectors such as nuclear power,
high-speed rail, and new city development. He pointed to Vietnam’s upcoming
nuclear power plant projects and the North-South high-speed railway as crucial
for securing stable power supplies and modernizing transportation and
logistics. “I expect successful cooperation cases to emerge based on our
companies’ excellent technological capabilities and extensive experience,” Lee
said.
On
regional and security issues, the two leaders affirmed their commitment to work
closely toward achieving peace on the Korean Peninsula and advancing solutions
to the North Korean nuclear issue. “I explained our government’s vision for
building a Korean Peninsula where the South and North coexist and prosper on
the foundation of solid peace, and asked for General Secretary To Lam’s
cooperation,” Lee said. In response, To Lam expressed support for Seoul’s
efforts to resume inter-Korean dialogue and cooperation, and pledged Vietnam’s
active contribution to peace and stability on the peninsula.
The two
countries also vowed to maintain close collaboration on multilateral stages
such as APEC and the United Nations. President Lee invited Vietnam to
participate in the APEC Summit scheduled to be held in Gyeongju later this
year, to which To Lam responded positively.








