South Korea accompanies Vietnam to create "Red River miracle"

General Secretary To Lam speaks at the Vietnam - Korea Economic Forum. Photo: VNA

Within the framework of the State visit to Korea, on the morning of August 12 local time, in Seoul, General Secretary To Lam , Korean Prime Minister Kim Min Seok, along with high-ranking representatives of the two countries and more than 400 leading enterprises with more than 500 delegates from the two countries attended the Vietnam - Korea Economic Forum with the theme "Cooperation to develop production chains in the new era!"

Speaking at the Forum, South Korean Prime Minister Kim Min Seok said that South Korea and Vietnam need to expand cooperation from traditional sectors to new, advanced sectors and move towards a multi-level cooperative relationship.

Prime Minister Kim Min Seok affirmed that Korea is ready to cooperate with Vietnam to diversify supply sources and ensure energy security. The memorandums of understanding signed during this visit will be a solid foundation for expanding cooperation between the two countries in the future.

South Korean Prime Minister Kim Min Seok said that South Korea wishes to expand comprehensive cooperation with Vietnam. Photo: VNA

Prime Minister Kim Min Seok said that Korea wishes to expand comprehensive cooperation with Vietnam and with its experience in creating the “Miracle on the Han River”, will always be a “steadfast companion” to join Vietnam in creating the “Miracle on the Red River”; he asked both sides to increase support and create favorable conditions for businesses of the two countries to operate and hoped that businesses of the two countries would continue to be the pioneers in economic cooperation.

Speaking at the Forum, General Secretary To Lam said that Vietnam is continuing to perfect its institutions, improve the investment and business environment, remove "bottlenecks" to unlock resources, promote economic restructuring associated with growth model innovation, taking science and technology, innovation and Vietnamese cultural values as the core driving force for development.

Regarding cooperation and foreign investment attraction, Vietnam has shifted from the mindset of "attracting in breadth" to "attracting in depth" selectively, prioritizing projects with advanced technology, new technology, high technology, clean technology, modern management, high added value, spillover effects, and connecting global production and supply chains.

The General Secretary hoped that both sides would promote and implement effective measures to achieve the target of bilateral trade turnover of 100 billion USD by 2025 and 150 billion USD by 2030; continue to increase official development assistance (ODA), focusing on strategic infrastructure development areas, including transport infrastructure, energy infrastructure, digital infrastructure and climate change adaptation infrastructure.

The General Secretary said that it is necessary to lay the foundation for science and technology development and innovation as an important pillar in cooperation between the two sides, especially for business development and socio-economic development.

General Secretary To Lam, Prime Minister Kim Min Seok and delegates attending the Forum. Photo: VNA

In the coming time, the General Secretary hopes that Korean enterprises and corporations will continue to invest and expand their investment in Vietnam, especially in areas where Korea has strengths and Vietnam has great potential, such as clean and green energy, heavy industries such as electronics, automobiles, shipbuilding, chemicals, steel, strategic materials, semiconductor technology, artificial intelligence (AI), blockchain, high-quality service industries in healthcare, education, urban development, especially green and smart urban areas.

At the Forum, Korean and Vietnamese enterprises discussed, shared and recommended key areas that both sides wanted to promote, especially promoting production chains and linking value chains in the above fields.

Laodong.vn

Source: https://laodong.vn/thoi-su/han-quoc-dong-hanh-cung-viet-nam-tao-ky-tich-song-hong-1556298.ldo