Vietnamese and Korean business communities need to make efforts to strengthen global supply chains and value chains.

On the morning of July 1, in Seoul, continuing his official visit to Korea, Prime Minister Pham Minh Chinh attended the Vietnam-Korea Business Forum. Also attending from the Korean side was Korean Minister of Trade, Industry and Energy Ahn Dukgeun.

Prime Minister Pham Minh Chinh speaks at the Vietnam-Korea Business Forum.

Speaking at the Forum, Korean Minister of Trade, Industry and Energy Ahn Dukgeun stated that the relationship between the two countries has become closer than ever. The relationship between the two countries has been 32 years. He shared that the age of 30 is an important age to determine the direction and face new challenges. We are preparing for the next 30 years. It is necessary to expand to reach a trade turnover of 150 billion USD by 2030, first reaching 100 billion USD by 2025, so he hopes that the scope of bilateral cooperation will be expanded, large-scale infrastructure projects. This year, we need to establish a stable supply network. Vietnam has rare earth resources, Korea has advanced manufacturing technology, so the two countries have great potential. We can build a solid supply chain, from mineral resources to materials. Vietnam is the first country with which Korea signed an international climate agreement. Korea can share its experience in operating nuclear power plants, which is necessary for Vietnam's energy development. He expressed his impression and reiterated the spirit of listening and understanding together; sharing vision, awareness and action together; working together, enjoying together, winning together and developing together that Prime Minister Pham Minh Chinh shared with the Korean side. At the Forum, Korean and Vietnamese enterprises expressed their opinions on the issue that the business communities of the two countries need to promote economic, trade and investment cooperation, especially large-scale investment projects in key areas; closely coordinate, promote all available potentials and advantages, and strengthen the global supply chain and production chain.

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Prime Minister Pham Minh Chinh speaks at the Vietnam-Korea Business Forum.

Speaking at the Forum, Prime Minister Pham Minh Chinh expressed his impression of the opinions, statements and sharing at the Forum, especially the opinion of the Minister of Trade, Industry and Energy of the Republic of Korea Ahn Dukgeun mentioning that the relationship between the two countries has now gone through 32 years, like a person entering his 30s with enough maturity to think about the future. The Prime Minister stated that the relationship between the two countries is developing very strongly, never as good as it is now; relations in areas such as culture and people-to-people exchange are developing strongly, there are about 300,000 Vietnamese people living, working and studying in the Republic of Korea, about 200,000 Koreans living and working in Vietnam. Sharing some views and orientations in socio-economic development in Vietnam at the Forum, the Prime Minister emphasized that Korean enterprises coming to Vietnam to do business are always guaranteed political stability, safety, creating a favorable, equal, healthy and fair investment and business environment with partners. The Prime Minister stated that the current world and regional situation has many difficulties and challenges, the problem is that we must clearly perceive and have solutions to resolve them. With a focus on expanding investment, diversifying supply chains, production chains, and cooperation to open up new development horizons and new cooperation, the two sides need to transfer technology, especially advanced modern technology, support Vietnam to participate in the global supply chain, smart governance, and national governance; Enterprises invest in emerging and important fields such as digital economy, green economy, circular economy, knowledge economy, sharing economy because there is a lot of room for cooperation, emerging industries such as semiconductor chips, artificial intelligence, hydrogen, cultural industry, entertainment.

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South Korean Minister of Trade, Industry and Energy Ahn Dukgeun speaks at the forum.

We open up new horizons of cooperation to create value for businesses in the spirit of listening and understanding together; sharing vision, awareness and action together; working together, enjoying together, winning together and developing together. We exploit and create new values in the conditions where the two countries have different potentials, outstanding opportunities, competitive advantages, bringing about strong and prosperous development, the people of the two countries are warm and happy with the spirit of global, comprehensive, comprehensive cooperation, "turning nothing into something, turning the impossible into possible, turning difficult into easy". * Before the Forum, Prime Minister Pham Minh Chinh had a short meeting with the Minister of Trade, Industry and Energy of the Republic of Korea Ahn Dukgeun.

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Prime Minister Pham Minh Chinh witnessed the handover ceremony of cooperation agreements between the business communities of the two countries at the Forum.

Speaking at the meeting, Prime Minister Pham Minh Chinh expressed his hope that South Korea would create favorable conditions and expand the market for Vietnamese products to penetrate the South Korean market; hoped that South Korea would support the development of basic industries so that Vietnam could quickly achieve its goal of industrialization and modernization; and hoped that South Korea would strengthen cooperation with Vietnam in the fields of renewable energy and new energy such as hydrogen. South Korean Minister of Trade, Industry and Energy Ahn Dukgeun said that he had just had a short meeting with the Vietnamese Minister of Industry and Trade, in which the two sides mentioned cooperation in new energy, infrastructure, railways, etc. In Southeast Asia, South Korea is the largest investor in Vietnam, which is the most important market in the region. He hoped that the Vietnamese and South Korean governments would support businesses of the two countries to develop strongly.