VN, RoK look to trade balance

The Deputy PM made the point on November 28 in Ha Noi while hosting a reception for Korean Ambassador to Viet Nam Kim Do Hyun. 

Mr. Dung affirmed that the Viet Nam-Korea strategic partnership has witnessed impressive developments in all fields including economics, trade, investment, and ODA. 

So far, the RoK was the largest FDI provider for Viet Nam with over 7,323 projects worth US$ 62.1 billion. 

Korean investors are present at 55 Vietnamese localities in various fields. Many leading RoK economic groups have selected Viet Nam as a destination for developing regional production centers with connection to global value chains. 

The host leader highly appreciated the Republic of Korea’s new visa policy for Vietnamese citizens. Under the policy, permanent residents of Viet Nam’s three biggest cities of Ha Noi, Ho Chi Minh City, and Da Nang will be eligible for C-3 visas from early December next year.

C-3 visa holders can stay in the RoK for up to 30 days, with no restrictions on the number of visits for five years.   

Deputy PM Dung said the RoK’s decision is based on the basis of political trust, strategic partnership, and the sound relationship between the two countries and peoples. 

The policy provides the conditions to increase exchanges between the two nations’ peoples, he said, expressing the hope that more people in other localities of Viet Nam will be granted long-term visas to the RoK in the time to come. 

Ambassador Kim stressed the great potential for the RoK and Viet Nam to further boost their cooperation, expressing his belief that the strategic partnership between the two countries would be stronger in the future. 

He affirmed that the new visa policy is a step in the RoK Government’s plan to strengthen all-around cooperation with Viet Nam. 

People-to-people exchange between the two countries has developed strongly over the years, significantly contributing to promoting the bilateral relations./.

By Kim Anh