Deepening Vietnam-Korea Strategic Relationship

At the reception for the President of the Korea Chamber of Commerce in Vietnam (Korcham) Kim Han Yong on June 9 at VCCI headquarters, Korcham and VCCI presidents agreed to boost the Vietnam-Korean cooperation relationship to a new level. The two sides also discussed many activities to celebrate the 30th anniversary of diplomatic relations between the two countries.

VCCI President Pham Tan Cong (R) and KorCham President Kim Han Yong (L)

Speaking at the meeting, Mr. Kim Han Yong said that the total trade turnover between the two countries was about US$80 billion in 2021. The two countries will strive for a trade turnover of US$100 billion this year and US$150 billion in 2023.

That result is attributed to the efforts of the business communities of the two countries. Over the years, the relationship between VCCI and Korcham has been increasingly strengthened, significantly contributing to the business ties between the two countries.

In order to elevate the strategic relationship, Korcham President Kim Han Yong suggested that the two sides would work closely to further strengthen trade promotion activities and connect businesses of the two countries.

Agreeing with this suggestion, VCCI President Pham Tan Cong expressed his happiness to see that the cooperation between VCCI and Korcham is getting better and better. More and more Korean businesses invest in Vietnam as well as many Vietnamese businesses are interested in the Korean market.

“Vietnam always considers Korea as a strategic partner. VCCI will work together with Korcham to promote a more effective and substantive relationship between the business community of the two countries,” he said.

VCCI President Pham Tan Cong said that VCCI is planning to coordinate with Korcham to organize meaningful activities to celebrate the 30th anniversary of diplomatic relations, aimed to deepen the bilateral business and trade ties.

It is expected that at the end of June, the VCCI will coordinate with the Korea Chamber of Commerce and Industry (KCCI) to organize the MK Global Forum and the Korea Investment Promotion Forum in Vietnam in Seoul.

In addition, VCCI also plans to publish a Vietnamese-Korean bilingual book and organize a Vietnam-Korea Business Forum in Vietnam, which are dedicated to the 30th anniversary of diplomatic relations.

At the meeting, VCCI President Cong also said that VCCI is connecting four provinces of Hung Yen, Hai Duong, Hai Phong, and Quang Ninh to build a regional linkage model along highway No. 5. Therefore, VCCI President hoped that Korea will be one of the investment partners in this economic region.