Vietnam South Korea

Hanoi has set the goal of fostering decentralized relations with South Korean localities.

Many South Korean businesses investing in Vietnam have created a favorable investment ecosystem.

Both sides agreed to intensify cultural exchanges, tourism cooperation, and local interactions so as to increase mutual understanding and lay the foundations for sustainable development of relations.

Prime Minister Pham Minh Chinh welcomed the proposals, which are consistent with Vietnam’s green growth strategy.

Vietnam places a high value on its relationship with South Korea. It is determined to advance cooperation in a substantive, effective, and long-term manner, in line with the comprehensive strategic partnership.

The Government leader called on South Korean corporations to support Vietnam with financial resources, infrastructure development, institutional and policy improvements, quality human resource training, and smart governance.

Ties between Vietnam and South Korea are among the best in the world, said South Korean Prime Minister Han Duck-soo.

Read The Hanoi Times to keep up with the latest developments in the country.

Vietnam is recognized as one of the world's top 10 emerging data center markets, with a potential market value of US$1 billion by 2028, driven by an average annual growth rate of nearly 11%.

South Korea is the leading investor in Vietnam with a cumulative total of $86 billion.