S. Korea, Vietnam agree to expand trade to $150 bil. by 2030

South Korea and Vietnam have pledged to deepen economic ties with the ambitious goal of expanding bilateral trade to $150 billion, committing to further cooperation in both countries' large-scale infrastructure, technology and nuclear energy sectors. They also agreed to broaden the scope of cooperation into future-oriented fields such as AI technology, high-speed rail, renewable energy and critical minerals. The agreement came during a bilateral summit in Seoul on Monday between South Korean President Lee Jae Myung and To Lam, general secretary of the Communist Party of Vietnam, who has been on a state visit to Seoul since Sunday. This marks the first state visit received by the Lee administration since taking office in early June. “Marking the 10th anniversary of the Korea-Vietnam Free Trade Agreement this year, the two countries have agreed to intensify efforts to reach the $150 billion trade target by 2030,” President Lee said during a joint press conference held at the presidential office in Seoul. President Lee highlighted the significant role played by approximately 10,000 KorWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times