Updated  
January, 21 2014 09:10:00

Nation steps up RoK co-operation

Deputy Prime Minister Nguyen Xuan Phuc (L) meets RoK Prime Minister Chung Hong-won in Seoul yesterday.— Photo VGP

SEOUL (VNS)— Deputy Prime Minister Nguyen Xuan Phuc has said Viet Nam will work with the Republic of Korea (RoK) to further accelerate bilateral co-operation in economics, trade, investment and labour.

He made the remarks during a meeting yesterday with RoK Prime Minister Chung Hong-won, as part of his official visit to the country from January 19-23.

Phuc affirmed that the Party and State of Viet Nam attach much importance to the relationship with the RoK, considering it a priority in the country's external policy.

He also proposed that the RoK Government create more favourable conditions for Vietnamese goods to penetrate the RoK market.

Further, he said Viet Nam would always remain open to RoK enterprises interested in developing their businesses and transfer technology to Viet Nam, to help Viet Nam boost its support industry.

During the meeting, the two sides expressed their pleasure at the growing ties between Viet Nam and the RoK over the past two decades, especially since they set up their strategic partnership in 2009.

They also discussed measures to implement the agreements that leaders of both countries reached during the Viet Nam visit of President Park Geun-hye last September.

They agreed that it is necessary to strengthen political trust and beef up comprehensive cooperation in the years ahead.

PM Chung Hong-won confirmed that his country believes Viet Nam will be a key partner in its development cooperation.

The RoK Government will actively implement agreements between the two countries and speed up joint projects in economics, science and technology, as well as development cooperation.

He suggested that the two sides exert more efforts so the Viet Nam -RoK free trade agreement could be signed this year, fueling two-way trade to reach the goal of US$70 billion by 2020.

The Prime Minister also pledged that his country will continue stepping up measures to gradually reduce Viet Nam's trade deficit with the RoK, to reach a balance in trade between the two countries.

Further, the two sides agreed to strengthen their coordination in regional and international forums, contributing to maintaining peace, stability, along with maritime and airspace freedom and safety in accordance with international law.

Regarding the tense situation in the Korean Peninsula, Phuc affirmed that Viet Nam supports peace, stability and non-nuclearisation on the peninsula.

Phuc also met RoK Ministers of Public Administration and Security, Defence, and Justice, as well as leaders of some enterprises.

Additionally, he visited the staff of the Vietnamese Embassy in Seoul. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Woman steps up in fight to tackle drugs 2    Woman steps up in fight to tackle drugs

Since for Le Thi Nga "to live is to give," she thought nothing about joining the neighbourhood watch in her fourth quarter in District 1's Cau Kho Ward in 2009.

Tan Son Nhat Airport on verge of overloading 1    Tan Son Nhat Airport on verge of overloading

HCM City's Tan Son Nhat Airport will be stretched beyond capacity in the next two years, making construction of the new Long Thanh airport in Dong Nai Province more urgent than ever, experts warn.

BIDV teams up with Japanese banks to facilitate investment BIDV teams up with Japanese banks to facilitate investment

The Bank for Investment and Development of Viet Nam (BIDV) has signed a memorandum of understanding (MoU) with two Japanese banks, namely Minato Bank and the Bank of Yokohama (BOY).

My Lai survivor writes book 1    My Lai survivor writes book

Pham Thanh Cong, 57, was one of only a dozen survivors of 1968's infamous My Lai massacre. More than four decades later, he has written a book about the mass murder, in which American soldiers killed 504 unarmed civilians.

Imported brews, grub at Ha Noi's Oktoberfest 1    Imported brews, grub at Ha Noi's Oktoberfest

A celebration of Germany's Oktoberfest will be held in Ha Noi on Thursday and Friday.