South Korea, Vietnam leaders pledge closer ties as US tariffs shake up trade
“Lam, the Vietnamese Communist Party general secretary, said they agreed to expand trade with each other to $150 billion by 2030 – from about $86.8 billion in 2024 – and that Vietnam welcomed an increase in investment by South Korean businesses.”
” ‘Our countries agreed that about 10,000 Korean companies operating in Vietnam contribute to Vietnam’s economic development and mutually beneficial cooperation between the two countries,’ [South Korea President] Lee said in a televised address.”
“The countries signed 10 memoranda of understanding, pledging cooperation in areas including nuclear and renewable energy, monetary and financial policies, and science and technology, Lee’s office said.”
See also: Việt Nam, RoK issue joint statement on deepening comprehensive strategic partnership