Business

During a meeting with Vietnamese Prime Minister Le Minh Hung, South Korean President Lee agreed with the proposals, affirming coordination with Vietnam to identify measures to raise bilateral trade to $150 billion by 2030 in a more balanced manner, and to facilitate deeper participation by Vietnamese firms in the RoK’s global supply chains.

Impressive FDI figures for the opening quarter of 2026 confirm the belief investors hold in Vietnam’s future.

In particular, the South Korean delegation praised the Vietnam-Korea Institute of Science and Technology (VKIST) as a flagship model for bilateral cooperation.

The agreements were signed on the occasion of the State visit to Vietnam by South Korea's President Lee Jae Myung between April 21-24.

Deputy Prime Minister Ho Quoc Dung reaffirmed this stance during a meeting with Mr. Mikhail Chudakov, Deputy Director General of the International Atomic Energy Agency (IAEA), in Hanoi on April 22.

Stakeholders shared their thoughts on the urgent need for Vietnam to fast-track strategic oil reserves, align the net-zero roadmap with domestic capacity, and diversify supply sources to strengthen its energy security.