VN, RoK issue joint statement
12:57 | 25/03/2018

VGP – Viet Nam and the Republic of Korea (RoK) issued a joint statement on the occasion of RoK President Moon Jae-in’s State visit to Viet Nam from March 22-24.

The statement noted that during his visit, President Moon Jae-in held talks with his Vietnamese counterpart Tran Dai Quang and had meetings with General Secretary of the Communist Party of Viet Nam Central Committee Nguyen Phu Trong, Prime Minister Nguyen Xuan Phuc, National Assembly Chairwoman Nguyen Thi Kim Ngan.

The senior leaders of the two countries discussed orientations to promote the Viet Nam-RoK comprehensive strategic partnership, and exchanged ideas on regional and international issues of mutual concern.

They lauded the strong development of bilateral ties in all fields after 25 years of setting up diplomatic relations, noting that the two countries have become each other’s leading important partner.

The RoK is currently Viet Nam’s largest foreign investor, second biggest trade partner and ODA provider. Meanwhile, Viet Nam is the fourth largest trade partner of the RoK. The two sides have witnessed fruitful cooperation in the fields of manufacturing, energy, culture, education, tourism and labor.

The leaders held that the development of bilateral ties has benefited people of both countries and contributed to peace, stability, prosperity in the region and the world. They promised to further elevate the Viet Nam-RoK comprehensive strategic partnership in the future.

President Moon introduced the RoK Government’s “New Southern Policy,” stressing that within this framework, the RoK will focus on developing relations with Viet Nam – an important country in the Association of Southeast Asian Nations (ASEAN).

State President Quang applauded the “New Southern Policy,” affirming that Viet Nam, as the focal partner of the policy, is willing to play an active role in fostering the ASEAN-RoK relations.

The two sides agreed to increase high-level meetings and exchanges though channels such as the governments, localities, parliaments, political parties, organizations and social classes, thus reinforcing the firm foundation for the development of the bilateral cooperative strategic partnership.

They agreed to enhance cooperation in security, defense and defense industry. The leaders agreed to soon adopt a statement on joint vision on defense cooperation between the two Defense Ministries, while improving win-win partnership in defense industry.

In order to promote relations between the future generations, the leaders agreed to encourage exchanges among young people of the two countries, while designing support policies for women and children of over 60,000 multicultural Vietnamese-RoK families, making them bridges for the bilateral friendship.

In terms of education, the leaders noted the significance of education cooperation in boosting socio-economic and cultural partnership, agreeing to continue expanding the scale of coordination in the field. Besides, they will speed up the formation of a Vietnamese study faculty and the teaching of Vietnamese language in the RoK as well as the teaching of Korean in Viet Nam. They will also create optimal conditions for the regular and effective organization of the Viet Nam-RoK Human Resources Forum.

The senior leaders noted that the enhanced culture and art exchanges help promote mutual understanding and friendship between their people, agreeing to make joint efforts to further foster culture and art exchanges and sport cooperation between the two nations.

Regarding tourism cooperation and people-to-people exchanges, they said bilateral tourism collaboration and people-to-people exchanges between the two countries have recorded strong development. They agreed to boost cooperation and facilitate people-to-people exchanges and tourism cooperation, and ensure security and safety for the two countries’ visitors. 

The leaders proposed measures to enhance social welfare and ensure health care, thus improving the quality of lives of the people; agreed to expand win-win cooperation in terms of health care and pharmaceuticals, and boost cooperation in sharing experience and support social welfare development, contributing to bettering the life quality of the two countries’ people.

For investment cooperation, the leaders agreed to encourage investment cooperation, especially in supporting industry, electronics, energy, hi-technology, modern agriculture, infrastructure development, smart urban building, industrial parks, startup and innovation, towards sustainable growth in the future. Viet Nam welcomes RoK enterprises’ investment in large-scale infrastructure and energy development projects as well as the RoK’s interest in equitisation of State-owned enterprises and restructuring of commercial banks.

They agreed to work actively on the amendments to the agreement on avoidance of double taxation, soon complete negotiations for the signing of the Social Insurance Agreement between Viet Nam and the RoK. They also agreed to enhance financial technology cooperation, making it easy for their financial firms to access each other’s market in line with the two countries’ legal regulations; and boost civil and commercial justice cooperation.

The two sides agreed to expand trade ties in a balanced and sustainable manner, towards lifting two-way trade to US$100 billion by 2020. They agreed to apply measures and implement mechanisms to balance bilateral trade; and acce