Vietnam seeks S.Korea support in Covid-19 vaccine tech transfer
Measures are mapped out to boost Vietnam-South Korea's strategic partnership as the two countries are scheduled to celebrate the 30th anniversary of diplomatic relations (1992-2022).
Vietnam seeks South Korea's support in accessing Covid-19 vaccines via the COVAX Facility and transferring technology for vaccine production.
|Prime Minister Pham Minh Chinh during the phone talk. Photo: Nhat Bac|
Prime Minister Pham Minh Chinh made the request in a phone talk with his South Korean counterpart Kim Boo Kyum on July 22, in which both leaders have agreed to continue providing vaccination for foreigners in each country, including citizens from Vietnam and South Korea.
The two ministers also exchanged views on measures to strengthen Vietnam-South Korea's strategic partnership, especially as the two countries are scheduled to celebrate the 30th anniversary of diplomatic relations (1992-2022).
Both government leaders stressed the necessity to promote cooperation in all spheres, including specific measures to ensure a balanced trade relationship with a turnover of US$100 billion and working on joint projects in national defense.
In this regard, South Korea would further open the market for Vietnam’s agricultural and seafood products, along with steps to scale up ODA support for Vietnam.
The Vietnamese Government is expected to further improve the business environment and create favorable conditions to attract investment capital from South Korea while supporting South Korean businesses in Vietnam that are being affected by the pandemic.
Prime Minister Chinh also called for the South Korean authorities to continue supporting the Vietnamese community living in the East Asian country during this difficult period.
Both Chinh and Kim agreed on boosting cooperation in multilateral forums. The two leaders shared the same view on keeping security and free navigation on the East Sea, in which any territorial dispute should be settled via peaceful means and international law, including the 1982 UN Convention on the Law of the Sea (UNCLOS), the full implementation of the Declaration on the Conduct of Parties in the East Sea (DOC) and the soon conclusion of the negotiation process for the Code of Conduct in the East Sea (COC).
Bilateral trade turnover in the first five months of the year rose by 15.5% year-on-year to $24.9 billion, of which Vietnam exports goods worth $8.9 billion to South Korea, or an increase of 17.1%, and imports of $20.9 billion, up 19.2%.
South Korea is currently one of Vietnam’s largest investors with a combined registered capital of nearly $72 billion in over 9,000 projects.
- Vietnamese Gov’t greenlights investment of US$307-million Sapa Airport
- Foreign businesses continue to expand investment in Vietnam
- Hanoi set to become Vietnam’s major transit hub in 2030 railway planning
- EVFTA to further increase FDI to Vietnam in mid-and long-term
- ADB Ventures aids $1 million for Vietnamese innovators
- ODA funds remain key in Vietnam’s socio-economic development: Deputy PM
- FDI commitments to Vietnam rise nearly 5% in 9-month period
- Vietnam's President meets series of US giants in New York
- Foreign enterprises urge Vietnam to reopen
- Vietnam to foster investment cooperation with Middle East
ASEAN, Japan to stabilize supply chains
EVFTA provides platforms for businesses to navigate Covid-19 impacts
Vietnam's child coronavirus vaccination drive kicks off in HCMC
Vietnam postpones 31st SEA Games to May 2022
Vietnam in need of national strategy for veggie exports to EU
Vietnam donates Laos US$2 million for pandemic fight
Mao Bookstore - the oldest bookstore in Dinh Le Street
Vietnam’s biggest Covid-19 makeshift hospital to be closed
UN Security Council holds emergency meeting over North Korea