Prime Minister Pham Minh Chinh meets South Korean President on the occasion of the G7 Summit

At the meeting, Prime Minister Pham Minh Chinh expressed his delight at the remarkable achievements in the bilateral relationship after more than 30 years of establishing diplomatic relations (1992 - 2022), including the upgrading of the bilateral relationship to "Comprehensive Strategic Partnership"; affirmed that Vietnam and Korea share many similar strategic interests in the development of each country as well as views on many international and regional issues, especially the promotion of the role of international law, multilateralism, and people-centered service.

Prime Minister Pham Minh Chinh meets with South Korean President on the occasion of the G7 Summit - 1 — Prime Minister Pham Minh Chinh meets with South Korean President Yoon Suk-yeol.

In its foreign policy, Vietnam consistently attaches importance to its relations with South Korea, and wishes to work with South Korea to further develop the cooperative relationship between the two countries, in which economic and trade cooperation is the focus and political trust is the foundation, contributing to peace and common prosperity in the region and the world.

Sharing with the President of the Republic of Korea about Vietnam's socio-economic development orientations, Prime Minister Pham Minh Chinh affirmed that Vietnam is building a socialist rule-of-law state, a socialist-oriented market economy and socialist democracy, with people as the center, the goal, the subject and the driving force for development. In that spirit, the Prime Minister proposed that the Republic of Korea continue to cooperate and support Vietnam in five specific issues: capital, technology, human resources, institution building and governance.

Prime Minister Pham Minh Chinh meets South Korean President on the occasion of the G7 Summit - 2 — Delegations of Vietnam and Korea met.

Prime Minister Pham Minh Chinh suggested that the two sides continue to promote economic, trade and investment cooperation, including soon completing the goal of raising trade turnover to 150 billion USD by 2030 in a balanced and healthy manner; at the same time, he welcomed Korean enterprises to invest in large infrastructure projects; affirmed that the State and Government together with relevant agencies of Vietnam will continue to create favorable conditions for Korean enterprises to invest and expand their investment scale in Vietnam in the coming time.

President Yoon Suk-yeol shared Prime Minister Pham Minh Chinh's assessment of the outstanding results of the bilateral relationship in recent times; affirmed the importance of the relationship with Vietnam, considering Vietnam as one of the leading important partners in the region, demonstrated by the fact that Vietnam is currently the third largest trade partner of Korea. Regarding the direction of developing relations, Korea is ready to cooperate with Vietnam to promote close cooperation in many aspects, especially in areas where Korea has strengths and Vietnam has needs such as science and technology, innovation, etc., contributing to socio-economic development and improving the lives of people in both countries. The President of Korea believes that on the basis of the Comprehensive Strategic Partnership, the relationship between the two countries will continue to develop increasingly strongly and substantially.

The two leaders also affirmed that they will take practical measures to support the Vietnamese community living and working in Korea and Koreans living and working in Vietnam.

The two sides agreed to continue to discuss and coordinate on international and regional issues of mutual concern at multilateral cooperation mechanisms and international organizations, thereby contributing to maintaining peace, stability, cooperation and development in the region and the world.

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