Minister of Foreign Affairs Bui Thanh Son and his counterpart from the Republic of Korea (RoK) Park Jin held talks in Hanoi on October 18, 2022. (Photo: WVR/Tuan Anh)

Welcoming Korean Foreign Minister Park Jin, Foreign Minister Son said Park’s official visit to Viet Nam holds great importance amid the 30th anniversary of the establishment of Vietnam-RoK diplomatic ties this year.

The two Foreign Ministers agreed to coordinate closely to promote all-level mutual visits and meetings in flexible forms, pay more attention to enhancing ties in diplomacy, defence and security, and maximise existing bilateral dialogue and cooperation mechanisms.

Foreign Minister Son highly valued the sustained economic partnership, especially in investment and trade, amid the adverse impacts of the COVID-19 pandemic.

He asked both sides to maintain efforts to achieve the trade target of 100 billion USD by 2023 and 150 billion USD by 2030 in a balanced manner through bilateral and multilateral cooperation mechanisms like the Viet Nam - RoK Free Trade Agreement (VKFTA) and the Regional Comprehensive Economic Partnership (RCEP).

The Vietnamese Government always welcomes Korean businesses expanding investment in Viet Nam, with priority given to digital technology, electronics, renewable energy, infrastructure development, and construction of high technology complexes, industrial parks, and high-quality agricultural zones, he said.

Foreign Minister Bui Thanh Son and Korean Foreign Minister Park Jin held talks, agreeing to take many measures for further developing their countries’ cooperation. (Photo: WVR/Tuan Anh)

Foreign Minister Son called on the RoK Government to increase non-refundable aid for Viet Nam; reduce and gradually lift requirements in terms of contractors and goods origin when it comes to loans from the Economic Development Cooperation Fund (EDCF); and boost the effectiveness of collaboration in science, technology, healthcare, labour, culture, education, and people-to-people exchanges.

Speaking highly of Viet Nam’s achievements in the COVID-19 fight and socio-economic development, Korean Foreign Minister Park affirmed that the Korean Government attaches importance to Viet Nam’s role in the region and wishes to develop all-round relations with Viet Nam.

Sharing Viet Nam’s concern about the promotion of balanced trade, Foreign Minister Park asked the Vietnamese Government to create more favourable conditions for Korean enterprises in the country to stabilise supply chains after the COVID-19 pandemic.

He stated that the RoK’s Ministry of Foreign Affairs will continue working closely with its Vietnamese counterparts and other agencies of the two countries to achieve their targets in all aspects.

At the talks, the Foreign Ministers also discussed international and regional issues of common concern.

Foreign Minister Bui Thanh Son affirmed that Viet Nam always pays attention to the situation in the Korean Peninsula and hopes the parties concerned will exercise self-restraint, avoid escalation, persist in dialogue. (Photo: WVR/Tuan Anh)

Foreign Minister Son affirmed that Viet Nam always pays attention to the situation in the Korean Peninsula and hopes the parties concerned will exercise self-restraint, avoid escalation, persist in dialogue, and take into account each other’s concerns and interests as well as common interests of the region and the world, thereby contributing to peace and stability in the Korean Peninsula, the region, and the world at large.

Viet Nam is ready to help with the promotion of dialogue, cooperation and denuclearisation in the Peninsula, he said.

Foreign Minister Son also called on the RoK to continue supporting and sharing the common vision of ensuring security, safety and freedom of navigation and overflight in the East Sea.

Korean Foreign Minister Park said navigation security in the East Sea is critically important to regional peace and development, voicing his country’s support for the maintenance of peace, stability, and freedom of navigation and overflight, legal order, peaceful settlement of disputes, and compliance with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

Foreign Minister Bui Thanh Son also asked the RoK to continue advocating ASEAN’s efforts to enhance solidarity and cooperation, stressing that Viet Nam and ASEAN are actively seeking solutions to stabilise the situation in Myanmar.