Vietnam & South Korea strengthening economic cooperation

The 19th meeting of the Intergovernmental Committee for Economic-Commercial and Scientific-Technological Cooperation on October 28 was co-chaired by the Ministry of Planning and Investment (MPI) and the South Korean Ministry of Foreign Affairs to discuss solutions to boosting bilateral economic cooperation. As of September, South Korea had 9,438 investment projects in Vietnam with total registered capital of $80.5 billion, ranking it first among countries and territories investing in Vietnam. Bilateral turnover reached $78 billion in 2021, up 18.2 per cent compared to 2020. South Korea is Vietnam’s third-largest export market and second-largest import source.