Vietnam and the Republic of Korea (RoK) have set a target of raising two-way trade to $100 billion by 2023 and $150 billion by 2030.

The target was agreed to at their second economic cooperation dialogue at the Deputy Prime Ministerial level in Hanoi on March 10.

Two-way trade turnover reached $86.4 billion last year.

At the meeting, the two sides discussed cooperation in trade, energy and infrastructure, information technology, healthcare, and labor.

They agreed to address the difficulties faced by enterprises in both countries and attract more RoK investment to Vietnam, especially in the fields of information technology and communications, LNG-fueled power, infrastructure, smart urban development, distribution, and logistics.

The RoK is currently the top foreign investor in Vietnam, with total registered capital of $81.3 billion.