2015 sees breakthrough in Vietnam-RoK ties: Ambassador
2015 is a successful year for the relations between Vietnam and the Republic of Korea, particularly with breakthroughs in bilateral economic ties, said Vietnamese Ambassador to the RoK Pham Huu Chi.
Ambassador to RoK (R) grant an interview to Vietnam News Agency (Photo: VNA)
Seoul (VNA)ꦕ – 2015 is a successful year for the relations between Vietnam and the Republic of Korea (RoK), particularly with breakthroughs in bilateral economic ties, said Vietnamese Ambassador to the RoK Pham Huu Chi.
The diplomat highlighted several major investment projects of the RoK in Vietnam, bringing the total RoK investment capital in Vietnam to nearly 50 billion USD as of the end of 2015.
Bilateral trade also surged by a year-on-year 23 percent to 36 billion USD despite a downturn in commercial activities around the world in general and in the RoK in particular.
Ambassador Chi noted that the approval of the Vietnam-RoK free trade agreement on December 20, 2015 is expected to open up a new phase in economic cooperation between the two countries.
Cooperation in other fields, from tourism, culture to labour also saw progress, the ambassador said.
He was optimistic that bilateral ties will see stronger growth in 2016, especially with the approval of the FTA. In addition, RoK businesses are increasing their investment in Vietnam in anticipation of opportunities brought about by the Trans-Pacific Partnership agreement, to which Vietnam is a member.
“Based on those positive trends, the goal of raising bilateral trade turnover to 70 billion USD by 2020 is within reach,” the ambassador said, adding that the target may even be fulfilled ahead of schedule.
Regarding labour cooperation, Ambassador Chi said the embassy has coordinated closely with the Ministry of Labour, Invalids and Social Affairs to address the problem of overstaying Vietnamese workers in the RoK, paving the way for the re-signing of an MoU on sending more workers to the RoK in the time ahead.
According to the diplomat, the Vietnamese community in the RoK number more than 130,000. He said the community have conducted numerous activities to support each other in life, preserve the national cultural characteristics and help disadvantaged people in their homeland.-VNA
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Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
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Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
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Ambassador to RoK (R) grant an interview to Vietnam News Agency (Photo: VNA)
