During a recent meeting with Prime Minister Pham Minh Chinh, South Korean President Yoon Suk Yeol expressed his support for major policies of the Republic of Korea and emphasized the importance of close coordination between the two countries to achieve greater success.
President Yoon Suk Yeol highlighted Vietnam as a key partner in the implementation of regional policies, including the Indo-Pacific strategy and the ASEAN-Korea solidarity initiative. He praised Korean enterprises that have invested in Vietnam, which have helped create a favorable investment ecosystem. The South Korean leader requested Prime Minister Pham Minh Chinh to facilitate their participation in key projects such as energy and LNG initiatives.
During discussions with Prime Minister Pham Minh Chinh, leaders of many Korean corporations showed interest in investing in renewable energy projects, particularly wind power and LNG projects. The two leaders agreed to continue cooperation and mutual support in international and regional forums of mutual interest.
President Yoon Suk Yeol commended Vietnam’s role as the coordinator of ASEAN-ROK relations and proposed upgrading the relationship to a Comprehensive Strategic Partnership. He supported Vietnam’s stance on the East Sea issue and expressed readiness to assist in training human resources for the semiconductor, high-tech, and cultural industries. Korea also pledged support for organizing the Partnership for Green Growth and the Global Goals 2030 Summit in April 2025.
Prime Minister Pham Minh Chinh encouraged cooperation between Vietnam and South Korea in various sectors, including semiconductors, digital transformation, green transformation, and biotechnology. He proposed financial support from the Korean government through loans to aid Vietnam in developing strategic infrastructure like high-speed railways. Both leaders aimed to deepen economic relations and increase bilateral trade turnover to $100 billion by 2025 and $150 billion by 2030.
