South Korean President: Will support Vietnam in training human resources in semiconductor industry

The commitment was made by South Korean President Yoon Suk Yeol during a meeting with Prime Minister Pham Minh Chinh on the afternoon of July 2 in Seoul.

Prime Minister Pham Minh Chinh meets with South Korean President Yoon Suk Yeol - Photo: DUONG GIANG

At the meeting, President Yoon Suk Yeol was pleased to meet Prime Minister Pham Minh Chinh again and affirmed that the Prime Minister's visit this time will contribute significantly to promoting the effective implementation of the Action Program to implement the Comprehensive Strategic Partnership. He emphasized that Korea considers Vietnam a leading important partner in implementing policies in the region, including the Indo-Pacific Strategy and the ASEAN-Korea Solidarity Initiative. Prime Minister Pham Minh Chinh affirmed that Vietnam supports Korea's major policies and is ready to continue to closely coordinate for the two countries to achieve greater success. He also informed President Yoon Suk Yeol about the important results that the two sides achieved during the talks between the two Prime Ministers.

Working together to encourage investment in Vietnamese semiconductors

The two leaders agreed to cooperate closely to deepen economic relations and bring about practical effectiveness, thereby contributing to the completion of 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 both sides cooperate to encourage Korean enterprises to increase investment in the fields of semiconductors, digital transformation, green transformation, biotechnology, etc. The Prime Minister also 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 the construction of high-speed railways.

Many Korean businesses want to come to Vietnam

President Yoon Suk Yeol said that Korean businesses consider Vietnam a potential investment destination and that many Korean businesses investing in Vietnam have created a favorable investment ecosystem. He proposed creating conditions for Korean businesses to participate in key projects in Vietnam, including energy and LNG projects.

Overview of the meeting between the two leaders - Photo: VNA

The President of South Korea also affirmed that he will support Vietnam in training human resources to serve the development of the semiconductor and high-tech industries and support Vietnam in developing the cultural industry. Recalling that Vietnam was the first country to sign the Agreement on Climate Change with South Korea, President Yoon Suk Yeol affirmed that he will support Vietnam in successfully organizing the Partnership for Green Growth and the Global Goals 2030 (P4G) Summit in April 2025. The two sides agreed to expand cooperation in culture, education, tourism, strengthen cooperation between localities and people-to-people exchanges to create connections and understanding between the people of the two countries.

Work together to protect the legitimate rights of citizens

The two leaders agreed to cooperate closely to protect the legitimate rights of citizens of each country in the other country, help them stabilize their lives and stay safe, and pay attention to supporting Vietnamese-Korean multicultural families. At the meeting, Prime Minister Pham Minh Chinh and President Yoon Suk Yeol agreed to continue to cooperate closely and support each other in international and regional forums of mutual interest, as well as continue to strengthen cooperation within ASEAN frameworks such as ASEAN-Korea and Mekong-Korea. President Yoon Suk Yeol appreciated Vietnam's excellent performance as the coordinator of ASEAN-Korea relations and proposed to continue supporting the upgrading of ASEAN-Korea relations to a comprehensive strategic partnership. He also welcomed the stance of Vietnam and ASEAN on the East Sea issue, aiming to contribute to maintaining peace, stability and development in the region.

Tuoitre.vn

Source: https://tuoitre.vn/tong-thong-han-quoc-se-ho-tro-viet-nam-dao-tao-nhan-luc-nganh-ban-dan-20240702201627727.htm