General Secretary To Lam visits South Korea: When the miracles of the Han River and the Red River meet

General Secretary To Lam and South Korean President Lee Jae Myung at a press conference. (Photo: Thong Nhat/VNA)

The article said that with a population of more than 100 million people and an average age of just over 32, Vietnam is a “young country.”

Since implementing the "Doi Moi" process in 1986, Vietnam has opened a period of reform and opening up, achieved economic development and industrialization, and recorded a GDP growth rate of more than 7% by 2024.

The Red River Delta region of Hanoi, originally an agricultural area, has now become an export gateway to the world. Vietnam has created a “Miracle on the Red River” that is comparable to the “Miracle on the Han River” of Korea.

Vietnam is South Korea's third largest trading partner, after China and the US, with trade turnover reaching 86.7 billion USD in 2024.

More than 10,000 Korean enterprises are operating in Vietnam, contributing to Vietnam's growth in the fields of manufacturing, services and energy...

Currently, Korea is the largest investor in Vietnam, and tourism and human resource exchange between the two countries are also very active.

Appreciating the importance of General Secretary To Lam's recent State visit to South Korea, the article stated that General Secretary To Lam was the first state guest of the new South Korean government and this was the first visit to South Korea by a General Secretary of the Communist Party of Vietnam in 11 years.

According to the article, at the business forum attended by more than 500 businessmen from both countries during the visit, as strategic partners developing together in the new era, the two sides decided to further expand cooperation in the fields of energy, supply chain, advanced industry, and digital technology.

The article also draws out some directions for cooperation with Vietnam.

First, in the context of a volatile and uncertain global trade order, it is necessary to enhance the structure of cooperation.

Korea will promote training programs in electrical and electronic manufacturing technology and bilateral cooperation in the shipbuilding industry, so that Vietnamese enterprises can participate in the global supply chain of Korean enterprises.

Second, strengthen cooperation on energy and resources. Korea is a reliable partner of Vietnam, in the context of Vietnam having to deal with soaring electricity demand.

Korea will actively cooperate and contribute to network construction and human resource training to ensure stable and efficient power supply, including liquefied natural gas (LNG), renewable energy and nuclear power.

South Korea also plans to establish a sustainable and mutually beneficial resource cooperation platform, including rare earth elements and graphite...

Third, expand the cooperation model to ASEAN, South Asia, the Middle East, and Africa, thereby strengthening strategic links with the Southern Hemisphere.

Fourth, through summit diplomacy and joint committees, the two sides will remove difficulties for businesses, create a predictable business environment, and help Korean businesses feel secure in investing in Vietnam.

The article concludes that the Han River and the Red River - two rivers that have overcome historical rapids to create miracles - now need to meet on the "ocean of prosperity."

It is expected that the two countries will embark on an exciting journey together, where industrial engines run strong, the light of energy shines brightly and the wind of technological innovation spreads./.

According to VNA

Source: https://baothanhhoa.vn/tong-bi-thu-to-lam-tham-han-quoc-khi-ky-tich-song-han-va-song-hong-gap-go-258097.htm