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VietNamNews

S. Korea fosters stronger ties

Update: December, 10/2012 - 10:03

SEOUL (VNS)— Foreign Minister Pham Binh Minh affirmed that co-operation with the Republic of Korea (RoK) is a top priority for Viet Nam at a meeting with President Lee Myung Bak during his four-day official visit to the RoK.

The visit, which ended yesterday, marked the 20th anniversary of diplomatic ties between the two countries. It also included talks with RoK Minister of Foreign Affairs and Trade Kim Sung-hwan.

During the talks, the two foreign ministers planned to work closely together to organise high-level visits and boost cooperation in politics, defence and security, as well as strengthen ties between ministries, agencies and localities.

The two sides also agreed to encourage RoK businesses to invest more in Viet Nam, aiming to raise bilateral trade to US$20 billion and strike a trade balance.

They also agreed to strengthen cooperation in other areas, including development, science-technology and tourism.

Minister Kim said the RoK would coordinate closely with Viet Nam to support the Vietnamese community in his country, especially Vietnamese brides and those working and studying in the RoK.

Both sides pledged to strengthen cooperation between the two ministries and increase mutual assistance at international forums like the UN, APEC, ASEAN+ and EAS.

They also agreed it was important to maintain peace and stability in the region and adhere to international laws without the use of force.

During his visit, Minh also attended a forum on promoting investment in Viet Nam's economic and industrial zones, with priority given to supporting industries.

At the event, Minh asked RoK businesses and investors to suggest ways the country could promote a better investment environment.

Signing a Free Trade Agreement would be one way to increase bilateral trade and investment, he said.

As of October, the RoK had more than 3,130 active projects in Viet Nam valued at nearly US$25 billion. — VNS

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