Vietnam and RoK Strengthen Ties During APEC Leaders’ Week in Peru
Vietnam’s President Luong Cuong met with RoK President Yoon Suk Yeol on November 16, 2024, during the APEC Leaders’ Week in Lima, Peru. The leaders celebrated the strengthening Vietnam-RoK relationship, mentioning targets for trade expansion and cooperation in various sectors such as technology and infrastructure. They also discussed regional stability, including the East Sea issues.
On November 16, 2024, at the APEC Economic Leaders’ Week in Lima, Peru, Vietnam’s State President Luong Cuong engaged in discussions with Republic of Korea (RoK) President Yoon Suk Yeol. The leaders highlighted the remarkable progress in the Vietnam-RoK relationship, particularly following the elevation to a Comprehensive Strategic Partnership. President Cuong emphasized Vietnam’s commitment to strengthening this partnership, identifying the two nations as dependable partners across various sectors including politics, trade, and cultural exchange. President Yoon congratulated Cuong on his recent appointment and affirmed Vietnam’s significance as a key partner in initiatives such as the ASEAN-RoK Solidarity Initiative and the RoK’s Indo-Pacific Strategy. The leaders agreed to enhance cooperation through regular delegations, aiming for a bilateral trade target of $100 billion in the near term and $150 billion by 2030. The RoK promised to provide support in critical areas such as human resource development and technology transfer to enhance Vietnam’s integration into global supply chains. Furthermore, the RoK will extend official development assistance (ODA) to Vietnam with more favorable terms to invest in projects addressing strategic infrastructure, climate change, and energy transformation. The two sides expressed commitment to collaborative efforts on international and regional matters of mutual interest, including the East Sea, advocating for peaceful dispute resolution and adherence to international law. President Cuong also conveyed an invitation for President Yoon to visit Vietnam, reciprocating Yoon’s earlier invitation to visit the RoK at a later date.
The meeting between Vietnamese President Luong Cuong and RoK President Yoon Suk Yeol took place amidst the 2024 APEC Economic Leaders’ Week, an important event that brings together leaders from various economies to discuss pertinent global issues. The Vietnam-RoK relationship has evolved significantly, marking a pivotal moment with the establishment of a Comprehensive Strategic Partnership, underscoring the importance of bilateral ties that span diverse areas. The leaders’ discussions focused on enhancing economic cooperation, regional stability, and fostering mutual interests in a changing geopolitical landscape.
The discussions between Presidents Cuong and Yoon underscore the robust and evolving ties between Vietnam and the Republic of Korea, reflecting a commitment to deepening economic partnership and collaboration on international matters. The agreed-upon targets for trade and cooperation in key sectors indicate a forward-looking approach, while their mutual dedication to resolving regional issues peacefully further cements their partnership.
Original Source: en.vietnamplus.vn
