To reach that goal, the two sides said they will expand cooperation across sectors, from logistics, transportation, energy and infrastructure to future industries such as science and technology, intellectual property and creative industries.
President Lee Jae-myung, on a state visit to Vietnam after visiting India, made the remarks in a joint press statement after a summit with To Lam, the Communist Party general secretary and state president. “Korea is the best partner for realizing Vietnam’s vision of becoming a high-income advanced country by 2045,” Lee said.
Vietnam is South Korea’s third-largest partner for trade and investment, while South Korea is Vietnam’s largest investor, the government said. About 10,000 South Korean companies operate in Vietnam across industries including petrochemicals, shipbuilding, steel and electronics.
The two countries agreed for the first time to allow mutual exports of heat-treated processed meat. They also signed a memorandum of understanding on animal health and quarantine cooperation to speed efforts to expand trade in agricultural and livestock products.
They also signed MOUs on safety cooperation for food, pharmaceuticals, cosmetics and medical devices, and on deeper cooperation in intellectual property.
Citing strong mutual trust, the two sides agreed to strengthen strategic cooperation in energy and infrastructure. Lee said both countries shared the view that supply-chain instability linked to the recent Middle East situation has increased the need for closer cooperation, and agreed to work together to bolster energy security and stabilize supply chains.
Lee said a contract is expected to be signed “tomorrow” for South Korea to export railcars for Ho Chi Minh City’s urban railway. He said he hopes the deal will help improve Vietnam’s rail infrastructure and lead to broader cooperation on major transportation and logistics projects Vietnam is pursuing.
The leaders also agreed to keep communicating so they can build more model cases of infrastructure cooperation through Vietnam’s new city and new airport projects, which are part of its national development vision.
In forward-looking areas such as science and technology, climate change and the environment, and culture and education, the two sides said they will strengthen cooperation based on a “master plan” for science and technology innovation. That includes joint research and support for training research talent in semiconductors, secondary batteries and biotechnology.
They also signed a digital cooperation MOU to support South Korean IT companies entering Vietnam, and a water security cooperation MOU aimed at preventing flood damage linked to climate change and securing water security. The two countries said they will also work to expand cultural cooperation, including media, and strengthen Korean-language education in Vietnam.
On people-to-people ties, Lee said Vietnam is the second most-visited country for South Koreans, with about 4.5 million visits a year. He also described Vietnam as the top country for international marriages involving South Koreans, with 100,000 multicultural families, and as the largest home to overseas Koreans within ASEAN.
Lee pledged continued efforts to improve the rights and interests of Vietnamese workers and marriage immigrants living in South Korea.
The two leaders also exchanged views on ways to promote peace and stability in the region, including on the Korean Peninsula. Lee said the two countries will communicate closely and expand cooperation on international stages such as the United Nations, and will further develop their comprehensive strategic partnership.
* This article has been translated by AI.
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