Are South Korea and Vietnam Ready for Deeper Strategic Cooperation?
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Synopsis
South Korea and Vietnam are set to enhance their partnership as President Lee Jae Myung emphasizes a future-oriented approach to cooperation. This landmark development coincides with an upcoming visit from Vietnam's leader To Lam, suggesting a promising evolution in bilateral ties focused on technology and peace.
Key Takeaways
- Deeper Strategic Cooperation: South Korea and Vietnam aim to enhance ties in technology and infrastructure.
- Significant State Visit: Vietnam's leader To Lam will visit South Korea soon, marking an important diplomatic event.
- Robust Economic Ties: Vietnam is South Korea's third-largest trading partner, with over 10,000 Korean firms active in the country.
- Importance of Human Resources: Vietnam's young workforce is seen as a key asset for future growth.
- People-to-People Connections: Cultural exchanges strengthen the relationship between both countries.
Seoul, Aug 7 (NationPress) South Korean President Lee Jae Myung has declared that the bilateral ties between South Korea and Vietnam are poised to ascend to new heights by broadening collaboration into strategic and future-oriented sectors, including artificial intelligence and infrastructure.
In an interview with the media ahead of the upcoming state visit by Vietnam's leader, To Lam, early next week, Lee referred to the Southeast Asian nation as an indispensable ally not only in economic partnerships but also in promoting peace and stability.
"The bond between the Republic of Korea and Vietnam is significantly closer than the geographical distance suggests," stated Lee in a written interview released by the Vietnam News Agency on Thursday.
He emphasized that the bilateral relationship will evolve beyond current trade and investment collaborations to include joint efforts in strategic future areas like national infrastructure, science and technology, and human resource development.
According to Lee's office, Lam is scheduled for a four-day visit to South Korea starting Sunday, marking the first visit by a foreign leader since Lee assumed office in early June, as reported by Yonhap news agency.
Lee highlighted that Lam's state visit underscores the significance South Korea places on its relations with Vietnam, signifying another important chapter in their bilateral ties.
He acknowledged the strong economic cooperation that has flourished over the last three decades, with Vietnam now serving as South Korea's third-largest trading partner and over 10,000 Korean businesses operating in the country.
"Vietnam possesses the full potential to become a hub for new growth industries, backed by its young and talented workforce and an attractive investment environment," Lee remarked.
He expressed confidence that Vietnam and the Republic of Korea will continue to strengthen their status as each other's most reliable partners.
Lee also pointed out that Vietnam's cooperation is crucial for Seoul's peace initiatives concerning the Korean Peninsula.
"As the issues of peace and denuclearization on the Korean Peninsula transcend regional confines, Vietnam is a vital partner in the path toward reconciliation and cooperation between the two Koreas," he noted.
With mutual visits exceeding 5 million each year, Lee humorously mentioned how Vietnam's popular tourist destination, Da Nang, is often affectionately referred to in Korea as the "Da Nang of Gyeonggi Province" — the province where he served as governor before stepping into his presidential role — due to the significant number of South Koreans who vacation there.
He also mentioned that there are approximately 100,000 Korean-Vietnamese multicultural families in Korea, stating that the two nations are connected like 'two in-laws' through marriage bonds.
"People-to-people exchanges are so vibrant that such stories have become commonplace," he remarked. "They form a robust bridge linking the two countries and act as trustworthy 'civilian diplomats' fostering the growth of bilateral relations," he concluded.
Point of View
The strengthening ties between South Korea and Vietnam signal a significant shift toward a more collaborative future. As the nations focus on strategic sectors and mutual growth, this partnership not only benefits the countries involved but also contributes to regional stability and economic prosperity. NationPress stands firmly by these diplomatic advancements.
NationPress
19/08/2025
Frequently Asked Questions
What sectors will South Korea and Vietnam cooperate in?
South Korea and Vietnam will expand their cooperation into strategic sectors such as artificial intelligence, infrastructure, science and technology, and human resource development.
Why is Vietnam considered an indispensable partner for South Korea?
Vietnam is viewed as an indispensable partner due to its significant role in economic cooperation and its importance in peace efforts for the Korean Peninsula.
How many Korean companies operate in Vietnam?
There are over 10,000 Korean companies operating in Vietnam, highlighting the robust economic ties between the two nations.
What is the significance of To Lam's visit to South Korea?
To Lam's visit marks the first by a foreign leader since President Lee took office, underscoring the importance of South Korea's relationship with Vietnam.
How do people-to-people exchanges impact relations between South Korea and Vietnam?
People-to-people exchanges foster strong connections and contribute to a vibrant relationship, acting as civilian diplomats promoting bilateral development.
