Vietnam’s State President Luong Cuong met with South Korea’s President Yoon Suk Yeol in Lima, Peru, concluding an agreement to enhance cooperation following the establishment of a Comprehensive Strategic Partnership. They committed to boosting bilateral trade, increasing South Korea’s support for Vietnam, and emphasized maritime security and peaceful dispute resolution in the East Sea.
On November 16, 2024, in Lima, Peru, during the APEC Economic Leaders’ Week, Vietnam’s State President Luong Cuong engaged in a productive meeting with South Korean President Yoon Suk Yeol. This high-level discussion highlighted the flourishing Vietnam-RoK relationship, now characterized as a Comprehensive Strategic Partnership. Both leaders expressed enthusiasm for continued collaboration, reaffirming their commitment to strengthening ties across various sectors, including politics, economics, culture, and social exchanges. President Cuong lauded the partnership, indicating Vietnam’s substantial commitment to maintaining its strategic relationship with South Korea. He relayed warm greetings from high-ranking Vietnamese officials, reinforcing the deepening ties between the two nations. In response, President Yoon recognized Vietnam as a vital partner in advancing regional initiatives such as the ASEAN-RoK Solidarity Initiative and reaffirmed South Korea’s dedication to supporting Vietnam economically. Discussions also addressed future cooperation, with both leaders agreeing on the importance of regular high-level exchanges to discuss domestic and regional issues. They set ambitious goals for bilateral trade, targeting $100 billion shortly and $150 billion by 2030, while endorsing extensive South Korean support for vocational training and technology transfer to enhance Vietnam’s integration into global supply chains. Further, President Yoon assured his government’s commitment to increasing Official Development Assistance (ODA) to Vietnam to support infrastructure projects and sustainable development initiatives. Both leaders emphasized the necessity of collaborative efforts on international matters and pledged mutual support for candidacies in international organizations. Arising from regional tensions, the leaders underlined the need to uphold peace and security in the East Sea while seeking peaceful resolutions to disputes in accordance with international law. They agreed on the significance of maritime freedom in line with the 1982 United Nations Convention on the Law of the Sea (UNCLOS). President Cuong extended an invitation to President Yoon for a visit to Vietnam, expressing gratitude for Yoon’s reciprocal invitation, with plans for future diplomatic arrangements.
The meeting between Vietnam’s State President Luong Cuong and South Korea’s President Yoon Suk Yeol marks a significant moment in the strengthening of the Comprehensive Strategic Partnership established between the two nations. This partnership aims to enhance cooperation across various sectors and respond to evolving regional dynamics, particularly within the framework of APEC and ASEAN initiatives. Prioritizing economic collaboration and mutual support in multilateral arenas reflects both countries’ shared vision for sustainable development and strategic alignment in addressing global challenges such as security, trade, and environmental sustainability.
In conclusion, the engagement between Presidents Cuong and Yoon illustrates the robust and evolving relations between Vietnam and South Korea. Their commitment to deepening cooperation across multiple sectors, setting ambitious trade goals, and fostering regional stability through legal frameworks signifies a strong bilateral partnership. The leaders’ emphasis on various collaborative initiatives showcases the potential for mutual growth and influence in the Asia-Pacific region.
Original Source: en.vietnamplus.vn
