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RoK President to pay State visit to Việt Nam

Update: March, 16/2018 - 11:00
President of the Republic of Korea Moon Jae-in. — AFP/VNA Photo
Viet Nam News

HÀ NỘI — President of the Republic of Korea (RoK) Moon Jae-in and his spouse will visit Việt Nam from March 22-24. 

The visit will be made at the invitation of Vietnamese President Trần Đại Quang, announced the Ministry of Foreign Affairs. 

The two sides set up diplomatic ties on December 22, 1992 and elevated their relationship to a strategic partnership in 2009. 

According to Việt Nam’s General Department of Customs, two-way trade between Việt Nam and the RoK hit US$61.5 billion in 2017, a year-on-year increase of 41.3 per cent. 

Việt Nam’s exports to the RoK reached $14.8 billion, while its imports from the East Asian country stood at $46.7 billion, up 30 per cent and 45.3 per cent against 2016, respectively. 

The two countries have set a target of $100 billion in two-way trade by 2020. 

The RoK was the second largest foreign investor in Việt Nam last year, behind Japan, with total registered capital of $8.49 billion. 

In terms of accumulative investment, the country ranked first among 125 countries and territories investing in Việt Nam, with total investment capital of $57.7 billion by the end of 2017. — VNS

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