General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam and visiting President of the Republic of Korea (RoK) Lee Jae Myung stressed the need to realise a strategic vision for economic connectivity in the evolving global context, including joint efforts to achieve bilateral trade turnover of $150 billion by 2030, during their talks in Hanoi on April 22.
They committed to facilitating trade, opening markets for each other’s goods, and supporting Vietnamese enterprises in integrating into Korean production and supply chains and in the development of an independent and self-reliant economy.
General Secretary and President Lam highly appreciated the investment and contributions of Korean enterprises to Vietnam’s socio-economic development, and welcomed their continued expansion, particularly in priority sectors such as infrastructure development, smart cities, semiconductors, large-scale AI data centres, smart ports, and next-generation seaport construction.
President Lee, in turn, expressed his gratitude and hoped that the Vietnamese Government would continue to support and address difficulties faced by Korean-invested projects in Vietnam. He also affirmed that the Korean side would closely coordinate with Vietnam in effectively utilising funding from the RoK’s Economic Development Cooperation Fund and the Economic Development Promotion Facility, with a focus on strategic infrastructure development in Vietnam.
Both sides agreed to strengthen cooperation in science and technology, innovation and digital transformation as key drivers for advancing bilateral cooperation and achieving each country’s development goals.
General Secretary and President Lam called for enhanced collaboration in research and technology transfer between the two countries and suggested that the RoK continue supporting Vietnam in implementing the Vietnam–Korea Institute of Science and Technology (VKIST) project.
Agreeing with and appreciating the host's proposals, President Lee affirmed that the RoK stands ready to share technologies in future industries such as artificial intelligence, semiconductors and clean energy, as well as support human resource training to assist Vietnam’s modernisation and development of advanced science and technology. He also proposed strengthening connections between the innovation and start-up ecosystems of the two countries.
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