Viet Nam News
HÀ NỘI — Prime Minister Nguyễn Xuân Phúc hosted a reception in Hà Nội on Wednesday for Kim Do-hyun, newly-appointed Ambassador of the Republic of Korea (RoK) to Việt Nam.
PM Phúc voiced his hope that with his experience, the new Ambassador will contribute to promoting the strategic partnership between the two countries.
He lauded the RoK’s role in the success of the summit between the Democratic People’s Republic of Korea (DPRK) and the US, which took place in Singapore on Tuesday.
Regarding Việt Nam-RoK relations, he said the two countries’ agencies should enhance co-operation in all fields and regularly exchange delegations, thus laying a foundation to implement bilateral agreements.
The two nations also need to promote people-to-people and cultural exchanges and exchanges between sectors to facilitate co-operation in many fields, including tourism, he added.
PM Phúc noted two-way trade increased by more than 15 per cent in the first quarter of 2018. The RoK is currently the biggest foreign investor in Việt Nam and the second largest provider of official development assistance (ODA) for the country.
Emphasising the importance of setting the target of US$100 billion in bilateral trade by 2020, he said the two sides need to ensure more balanced trade in the coming time.
Việt Nam has been stepping up the equitisation of State-owned enterprises (SOEs) in important sectors, the PM said, expressing his wish that RoK firms will become investors of these SOEs, as well as transfer advanced technology to Vietnamese companies.
For his part, Ambassador Kim said Việt Nam holds potential to become an economic hub in Southeast Asia as the country has emerged as one of the world’s major manufacturing centres. He lauded the Vietnamese Government’s efforts to promote the country’s socio-economic development.
Agreeing with the PM’s proposals, the ambassador expressed his hope that more Vietnamese businesses participate in the global production chains of RoK firms.
He also pledged to contribute to the development of Vietnamese start-ups. — VNS