At the APEC Economic Leaders’ Week in Lima, Vietnam’s State President Luong Cuong met with South Korean President Yoon Suk Yeol. They discussed the strengthening of bilateral ties following the elevation to a Comprehensive Strategic Partnership, agreeing on future cooperation plans in various sectors, including trade and technology, along with supporting each other on international issues.
Vietnam’s State President Luong Cuong met with South Korean President Yoon Suk Yeol in Lima, Peru, on November 16, 2024, during the APEC Economic Leaders’ Week. The leaders expressed satisfaction with the strengthening ties between Vietnam and the Republic of Korea, particularly following the upgrade of their relationship to a Comprehensive Strategic Partnership. Cuong reiterated Vietnam’s commitment to enhancing cooperation across politics, economy, trade, and culture, acknowledging the countries as reliable partners in various sectors. In their discussions, President Yoon congratulated President Cuong on his recent appointment, highlighting Vietnam’s pivotal role in advancing the ASEAN-RoK Solidarity Initiative and the RoK’s Indo-Pacific Strategy. They agreed to enhance collaboration through regular exchanges and high-level meetings, aiming to achieve a bilateral trade volume of USD 100 billion in the near future and USD 150 billion by 2030, aspiring for a more balanced trade relationship. The Republic of Korea committed to supporting Vietnam in developing high-quality human resources, establishing research and development centers, and facilitating Vietnamese integration into global supply chains. Furthermore, the RoK promised to provide Official Development Assistance (ODA) for Vietnam, focusing on strategic infrastructure, climate change mitigation, and energy transformation projects. Both leaders agreed to work together on international and regional issues, advocating for each other’s positions in multilateral organizations. In relation to the East Sea, they emphasized the need for peace, stability, freedom of navigation, and resolving disputes peacefully in accordance with international law, particularly the United Nations Convention on the Law of the Sea (UNCLOS). President Cuong also extended an invitation to President Yoon to visit Vietnam, showing appreciation for Yoon’s invitation to visit the RoK.
The meeting between the presidents of Vietnam and the Republic of Korea occurred during the APEC Economic Leaders’ Week, a significant diplomatic forum where economic leaders come together to discuss and promote regional economic cooperation. Vietnam and South Korea have enjoyed a strong cordial relationship that has evolved significantly over the years, marked by the establishment of a Comprehensive Strategic Partnership, signifying deepening ties across various sectors including trade, politics, culture, and technology.
In conclusion, the meeting between State President Luong Cuong and President Yoon Suk Yeol signifies the robust partnership between Vietnam and the Republic of Korea. Both leaders are committed to further enhancing bilateral cooperation across multiple spheres while addressing shared regional and international challenges, thus solidifying their positions as pivotal partners in the region.
Original Source: en.vietnamplus.vn
