Prime Minister Pham Minh Chinh proposed Vietnam and the Republic of Korea (RoK) to continue to promote economic, trade, and investment cooperation with the target of increasing two-way trade turnover to $150 billion by 2030.

He made the suggestion at a meeting with Korean President Yoon Suk-yeol on May 19 in Hiroshima, Japan, as part of PM Chinh’s trip to attend the expanded G7 Summit.

PM Chinh welcomed Korean businesses to invest in major infrastructure projects in Vietnam and affirmed that the Government will continue to create favorable conditions for Korean businesses to invest and expand their investment in the country.

RoK President Yoon Suk-yeol stressed that Vietnam is one of the RoK's top important partners in the region, as demonstrated by the fact that Vietnam is its third-largest trading partner.

The RoK is ready to work with Vietnam for closer cooperation in various fields, especially in the areas where the RoK has strengths and Vietnam has needs, such as science and technology and innovation, he said.