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Viet Nam-RoK committee meets in Seoul

Update: July, 15/2015 - 09:44
The meeting was co-chaired by Vietnamese Deputy Minister of Planning and Investment, Nguyen Chi Dung (Right), and South Korea's Deputy Minister for Economic Affairs under the Ministry of Foreign Affairs, Lee Tae-ho. — VNA/VNS Photo Yonhap

SEOUL (VNS) — The Viet Nam-Republic of Korea (RoK) Inter-Governmental Committee opened its 14th meeting in Seoul yesterday, seeking ways to foster bilateral co-operation.

The meeting was co-chaired by Vietnamese Deputy Minister of Planning and Investment, Nguyen Chi Dung, and South Korea's Deputy Minister for Economic Affairs under the Ministry of Foreign Affairs, Lee Tae-ho.

The two sides informed each other of their current economic status, reviewed results of activities undertaken since the 13th meeting and exchanged views on existing difficulties.

They also reviewed bilateral co-operation in trade, investment, industry, labour and consular affairs.

The Viet Nam-RoK ties of comprehensive co-operation have produced substantial results and is at an all-time high.

The RoK is now Viet Nam's leading foreign investor with a total registered capital of around US$40 billion. Bilateral trade reaches nearly $30 billion each year.

The country's official development assistance (ODA) provisions for Viet Nam range between $300-400 million a year, and there are approximately 70,000 Vietnamese nationals working in the RoK. — VNS

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