14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

State President congratulates newly-elected South Korean President

Minh Vu

Mar 13, 2022 / 01:47 PM

Vietnam vows to boost ties with South Korea.

Vietnam’s President Nguyen Xuan Phuc has sent a congratulatory message to South Korea’s President-elect Yoon Suk-yeol, expressing hope to tighten the relations.

Yoon Suk-yeol elected South Korea's 20th president. Photo: Yonhap

In the congratulatory note sent on the day the election ended on Mar 10, President Phuc said Vietnam is willing to work with South Korea to make the relations more effective bilaterally and multilaterally.

Yoon Suk-yeol, 60, of the main opposition People Power Party (PPP), was elected the 20th president of the Republic of Korea in a tight race securing 48.6% of the vote or 16.39 million votes against the ruling Democratic Party’s Lee Jae-myung, 47.83%.

Yoon Suk-yeol will be sworn in on May 10 to begin his five-year term.

This year will mark the 30th anniversary of the establishment of Vietnam-South Korea relations. The relationship is expected to be elevated to Comprehensive Strategic Partnership in 2022.

The country is currently Vietnam’s biggest investor and the third-largest trade partner, after China and the US.

South Korea has so far poured approximately US$72 billion into more than 9,100 projects across Vietnam. South Korean investors are working mainly in manufacturing and production like Samsung, LG, Hyundai Motors.

Meanwhile, the two-way trade hit $66 billion in 2020, accounting for 12.85% of Vietnam’s total trade. The bilateral trade is expected to reach $100 billion in 2023.

South Korea companies feel settled doing businesses in Vietnam

02 Mar, 16:46

Vietnam is an attractive investment destination for South Korean businesses, with the production of electronics, pharmacy, cosmetics, and leather.

Vietnam, South Korea eye post-pandemic recovery plans

15 Dec, 20:43

For both countries, the post-Covid economic partnership is the best way to minimize exposure to future trade disruptions and enhance supply-chain resilience.

Vietnam asks South Korea to relax ODA conditions

14 Dec, 20:53

South Korea has continued providing financial assistance to Vietnam, focusing on five key sectors namely digital transformation, tertiary education, building the South Korea-Mekong community, smart city, and transport.

List of 200 members of the 14th Party Central Committee announced

Party General Secretary To Lam, National Assembly Chairman Tran Thanh Man, and Permanent member of the Party Central Committee's Secretariat Tran Cam Tu are among the 180 official members of the new 14th-tenure Party Central Committee.

22 Jan, 10:31 PM

Vietnam charts bold development path toward high-income future

As Vietnam looks toward the 14th National Party Congress, Party members and citizens say the Congress’s guiding principle of “Solidarity, Democracy, Discipline, Breakthroughs, Development” is not only a rallying call but also a historic mandate, expected to lay down “launchpad” decisions for the country’s development in a new era.

22 Jan, 09:25 PM

Buon Don dipterocarp forest - Symphony of colors in Vietnam’s Central Highlands

It is one of Vietnam’s largest nature reserves and home to a rare dipterocarp ecosystem, a dry deciduous broadleaf forest found almost exclusively in Southeast Asia.

22 Jan, 01:40 PM

Political parties, organizations, int’l friends send congratulations to 14th National Party Congress

Political parties, organizations and international partners around the world have sent messages of congratulations to the 14th National Congress of the Communist Party of Vietnam, praising the country’s achievements after four decades of renewal and expressing confidence that the Congress will set the course for Vietnam’s continued prosperity and deeper international engagement.

21 Jan, 10:15 PM

14th National Party Congress shortens working schedule

Congress delegates decided to shorten their working schedule after completing key agenda items ahead of time.

21 Jan, 09:38 PM

OCOP program strengthens rural brands and pushes Vietnamese products deeper into markets

Vietnam looks to reshape its OCOP program toward deeper product development, sustainability and experiential value as stricter green standards and market demands redefine competitiveness in the 2026-2030 period.

21 Jan, 05:44 PM

Hanoi to pilot new governance model

Hanoi will develop on the basis of innovation, with science, technology and digital transformation as the main drivers of growth.

21 Jan, 03:24 PM

Not some ordinary day, the Vietnam Culture Day reframes development through cultural identity and values

The Politburo’s Resolution 80, selecting November 24 as Vietnam Cultural Day, reflects a shift in development thinking that places culture at the heart of national progress. In today's Words on the Street, The Hanoi Times explores the renewed significance of Vietnam Cultural Day and why it matters.

21 Jan, 02:47 PM