At the meeting, the two leaders agreed to cooperate closely to deepen economic relations and bring them to practical effectiveness, thereby contributing to achieving the bilateral trade turnover target of 100 billion USD by 2025 and towards the target of 150 billion USD by 2030.
In that spirit, Prime Minister Pham Minh Chinh suggested that the two sides cooperate to encourage Korean enterprises to increase investment in the fields of semiconductors, digital transformation, green transformation, and biotechnology.
Prime Minister meets with South Korean President Yoon Suk Yeol (Photo: VGP).
In addition, the Korean Government is encouraged to increase investment in high-tech, high-value-added projects; cooperate in training human resources in the fields of semiconductors, hydrogen and artificial intelligence (AI).
In particular, the head of the Government proposed promoting loans through the Economic Development Promotion Fund (EDPF) worth 2 billion USD and non-binding loan conditions for loans from the Economic Development Cooperation Fund (EDCF) worth 2 billion USD to develop strategic infrastructure such as building high-speed railway lines.
President Yoon Suk Yeol said that Korean businesses consider Vietnam a potential investment destination and many Korean businesses investing in Vietnam have created a favorable investment ecosystem.
He affirmed that he will support human resource training for Vietnam to serve the development of the semiconductor and high-tech industries and support Vietnam in developing the cultural industry.
Overview of the meeting (Photo: VGP).
President Yoon Suk Yeol said that Vietnam is the first country to sign a climate change agreement with Korea and affirmed that he will support Vietnam to successfully organize the Partnership for Green Growth and the Global Goals 2030 (P4G) Summit in April 2025.
The two sides agreed to expand cultural, educational and tourism cooperation, enhance cooperation between localities and people-to-people exchanges to create solidarity and understanding between the people of the two countries.
Prime Minister Pham Minh Chinh and President Yoon Suk Yeol agreed to continue close cooperation and mutual support in international and regional forums of mutual interest; and continue to strengthen cooperation within ASEAN frameworks such as ASEAN - Korea, Mekong - Korea.
President Yoon Suk Yeol highly appreciated Vietnam for its excellent performance as the coordinator of ASEAN-ROK relations and proposed continued support for upgrading ASEAN-ROK relations to a comprehensive strategic partnership; welcomed the stance of Vietnam and ASEAN on the East Sea issue, aiming to contribute to maintaining peace, stability and development in the region.
Source: https://www.baogiaothong.vn/thu-tuong-de-nghi-thuc-day-vay-hang-ty-usd-de-phat-trien-duong-sat-cao-toc-192240702212209182.htm
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