Within the framework of the State visit to Korea, on the morning of August 12 local time, in Seoul, the Vietnamese Ministry of Finance , the Korean Ministry of Trade, Industry and Energy (MOTIE), the Korean Chamber of Commerce and Industry (KCCI), and the Vietnamese Embassy in Korea organized the Vietnam-Korea Economic Forum with the theme "Cooperation to develop production chains in the new era!".
The Forum was attended by General Secretary To Lam , South Korean Prime Minister Kim Min Seok, senior representatives of the two countries and more than 400 leading enterprises with more than 500 delegates from the two countries.
The forum is not only a connecting space between business communities but also plays an important role in promoting bilateral economic, trade and investment cooperation. From there, it consolidates and enhances the friendship and increasingly deepening comprehensive strategic partnership of Vietnam-Korea relations.
Speaking at the Forum, South Korean Prime Minister Kim Min Seok emphasized that South Korea and Vietnam have long been close, connected and increasingly trusting of each other. Since the establishment of diplomatic relations in 1992, after more than 30 years, the two countries have become major trade partners of each other and South Korea is the largest investor in Vietnam, becoming an inseparable economic partner in many fields.
Prime Minister Kim Min Seok said that Korea and Vietnam need to continue to strengthen their long-term and stronger relationship. In fact, the two countries have overcome challenges such as the global financial crisis and the COVID-19 pandemic together, and have also steadily expanded economic cooperation. Vietnam and Korea need to expand cooperation from traditional sectors to new, advanced sectors and move towards a multi-layered cooperative relationship.
Prime Minister Kim Min Seok affirmed that Korea is ready to cooperate with Vietnam to diversify supply sources and ensure energy security. The memorandums of understanding signed during this visit will be a solid foundation for expanding cooperation between the two countries in the future.
Korean Prime Minister Kim Min Seok expressed his belief that with a young workforce, an attractive investment environment, an existing trade network and development orientations in the new period, Vietnam will achieve its development goals and become a high-income country. Korea wishes to expand comprehensive cooperation with Vietnam and with its experience in creating the "Miracle on the Han River", will always be a "firm companion" to create a "Miracle on the Red River" with Vietnam; he suggested that both sides increase support and create favorable conditions for businesses of both countries to operate and hoped that businesses of both countries will continue to be the pioneers in economic cooperation.
Speaking at the Forum, General Secretary To Lam shared that Vietnam's socio-economic situation in 2024 and the first 6 months of 2025 achieved many positive results; emphasizing that 2025 is not only a year of "acceleration and breakthrough" to complete the development goals of the 2021-2025 period but also plays a pivotal role, creating an important foundation and strong driving force to successfully implement the 2 100-year goals, bringing the country into a new era - an era of striving, developing wealth, civilization and prosperity of the nation.
The General Secretary said that Vietnam is continuing to perfect its institutions, improve the investment and business environment, remove "bottlenecks" to unlock resources, promote economic restructuring associated with growth model innovation, and take science and technology, innovation and Vietnamese cultural values as the core driving forces for development.
Regarding cooperation and foreign investment attraction, Vietnam has shifted from the mindset of "attracting in breadth" to "attracting in depth" selectively, prioritizing projects with advanced technology, new technology, high technology, clean technology, modern management, high added value, spillover effects, and connecting global production and supply chains.
The General Secretary requested that Vietnamese ministries, branches and localities increase dialogue to remove difficulties and obstacles for Korean investors in Vietnam; continue to review and reform administrative procedures; reduce and simplify administrative procedures; increase the application of digital technology, enhance decentralization, reduce compliance costs and input costs for people and businesses; prepare conditions to attract investment such as transport infrastructure, human resources, power supply, clean land funds, establish interdisciplinary working groups to remove difficulties and obstacles and support investors...
The General Secretary hopes that Korean ministries and sectors will continue to support and promote dialogue and investment connection activities; create conditions for Vietnamese enterprises to expand investment and do business effectively in Korea, and for Vietnamese goods to easily access the Korean market.
The two sides will promote and implement effective measures to achieve the target of bilateral trade turnover of 100 billion USD by 2025 and 150 billion USD by 2030; continue to increase official development assistance (ODA), focusing on strategic infrastructure development areas, including transport infrastructure, energy infrastructure, digital infrastructure and climate change adaptation infrastructure.
The General Secretary said that it is necessary to lay the foundation for science and technology development and innovation as an important pillar in cooperation between the two sides, especially for business development and socio-economic development.
In the coming time, the General Secretary hopes that Korean enterprises and corporations will continue to invest and expand their investment in Vietnam, especially in areas where Korea has strengths and Vietnam has great potential such as clean and green energy, heavy industries such as electronics, automobiles, shipbuilding, chemicals, steel, strategic materials, semiconductor technology, artificial intelligence (AI), blockchain, high-quality service industries in healthcare, education, urban development, especially green and smart urban areas, etc.
At the Forum, Korean and Vietnamese enterprises discussed, shared and recommended key areas that both sides wanted to promote such as developing clean energy, green energy, high-tech industry, digital infrastructure, etc. and especially promoting production chains and linking value chains in the above fields.
Speaking at the Forum, Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son expressed his belief that the relationship between Vietnam and the Republic of Korea will be increasingly consolidated, effective and sustainably developed, opening up many new steps in bilateral relations for the benefit of the people of the two countries, contributing to peace, stability and development in the region and the world.
Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son affirmed that Vietnam is committed to creating all favorable conditions to attract more Korean enterprises to invest in Vietnam and support existing Korean investors to have opportunities to expand their investment, creating a premise for successful, sustainable and long-term development in Vietnam.
The Party and State of Vietnam are committed to always accompanying, listening, sharing and wishing to continue receiving support and close cooperation from international friends and partners as a bridge and promoter of foreign investors, especially Korean investors, in the process of building and developing the country.
According to VNA
Source: https://vietnamnet.vn/viet-nam-han-quoc-hop-tac-phat-trien-chuoi-san-xuat-trong-ky-nguyen-moi-2431231.html
![[Photo] Prime Minister begins trip to attend SCO Summit 2025 in China](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/8/31/054128fff4b94a42811f22b249388d4f)
Comment (0)