A high-level delegation of the Vietnamese National Assembly (NA) led by NA Chairwoman Nguyễn Thị Kim Ngân will pay an official visit to the Republic of Korea (RoK) this week. – VNA/VNS Photo Trọng Đức
HÀ NỘI – A high-level delegation of the Vietnamese National Assembly (NA) led by NA Chairwoman Nguyễn Thị Kim Ngân will pay an official visit to the Republic of Korea (RoK) this week.
The visit, from December 4-7, will be made at the invitation of Speaker of the RoK National Assembly Moon Hee-sang, the NA Committee for External Affairs said in a statement.
Việt Nam and the RoK established diplomatic ties on December 22, 1992. They set up their comprehensive strategic partnership in August 2001, and lifted the ties to a strategic co-operative partnership in October 2009.
The bilateral political and diplomatic relations are strong, which is reflected through regular high-level visits and meetings.
In 2006, an agreement on co-operation between the two legislatures was signed, an important legal document for both sides to develop their friendship and co-operation.
The nations also established important security-defence co-operation mechanisms, including a security dialogue and defence dialogue at the deputy ministerial level.
The RoK is currently one of Việt Nam’s most important economic partners, ranking first in terms of investment, and second in development co-operation, trade and tourism.
Two-way trade jumped from US$500 million in 1992 to $61.5 billion in 2017, of which $14.8 billion came from Việt Nam’s exports, up 30 per cent from the previous year, and $46.7 billion from the Southeast Asian country’s imports, a year-on-year increase of 45.3 per cent.
The two countries are working to raise the turnover to $100 billion by 2020. – VNS