South Korean President Yoon aims to boost economic ties on Vietnam visit
South Korea’s President Yoon Suk Yeol will visit Vietnam from June 22-24 to promote trade and cooperation ties at the invitation of his Vietnamese counterpart Vo Van Thuong, his office announced on Tuesday.
It will be Yoon’s first bilateral visit to a member of the Association of Southeast Asian Nations (ASEAN), the office said.
Yoon and Vietnamese Prime Minister Pham Minh Chinh committed to expanding the two countries’ bilateral trade and economic ties during talks at the extended G7 Summit in Hiroshima on May 19. They also discussed ways to enhance relations.
Vietnamese Prime Minister Pham Minh Chinh (left) meets with South Korea’s President Yoon Suk Yeol in Japan’s Hiroshima on May 19, 2023 at the extended G7 Summit. Photo courtesy of Vietnam’s government portal.
The Korean president’s Vietnam agenda next week includes a summit with Vietnamese President Thuong on June 23. He will also discuss ways to deepen the Comprehensive Strategic Partnership established between the two countries last year.
Yoon will be accompanied by a 205-strong business delegation on his state visit to Vietnam, which is already a major investment destination for Korean companies, including global heavyweights.
Executives from leading conglomerates will attend an economic forum in Hanoi on June 24, the last day of Yoon’s Vietnam visit.
They will include Lee Jae-yong, chairman of Samsung Electronics; Chey Tae-won, chairman of SK Group; Chung Eui-sun, chairman of Hyundai Motor Group; Koo Kwang-mo, chairman of LG Group; and Shin Dong-bin, chairman of Lotte Group, according to Dong-A Ilbo, a South Korean newspaper.
Major firms on both sides are expected to sign memorandums of understanding and hold trade-related talks, the newspaper said on June 3.
- Related News
- Read More
Vietnam PM requests more aircraft, LNG, agi import contracts with US in May
Prime Minister Pham Minh Chinh has requested relevant Vietnamese authorities to urgently negotiate and sign contracts in May for import of goods from the U.S., such as LNG, aircraft, medicine, and agricultural products, to ensure a sustainable trade balance.
Economy - Wed, April 30, 2025 | 10:25 am GMT+7
Vietnam Party chief's address at national celebration of liberation of South and national reunification
Party General Secretary To Lam delivered an address at Vietnam's celebration of the 50th anniversary of the liberation of the South and national reunification held in Ho Chi Minh City on Wednesday April 30.
Politics - Wed, April 30, 2025 | 9:32 am GMT+7
Property heavyweight Sun Group’s affiliate to build $491 mln opera house in Hanoi
Sun City Limited Liability Company, an affiliate of Vietnam’s top real estate developer Sun Group, has received a preliminary in-principle approval from local authorities to build a VND12.75 trillion ($491 million) opera house in Hanoi.
Real Estate - Wed, April 30, 2025 | 8:00 am GMT+7
Australian scholar praises Vietnam’s remarkable 50-year transformation
In 50 years since the national reunification (April 30, 1975-2025), Vietnam has transformed from war-devastated developing country to a peacetime country that has attained lower middle-income status, said Prof Carl Thayer.
Politics - Wed, April 30, 2025 | 8:00 am GMT+7
Malaysia remains 9th largest global exporter of high-tech products
Malaysia successfully maintained its position as the ninth-largest exporter of high-tech goods out of 143 countries worldwide in 2023, the highest recognition it has achieved in the past decade, national news agency Bernama reported.
Southeast Asia - Tue, April 29, 2025 | 10:27 pm GMT+7
Insights into Decision 768 amending Vietnam's power development plan VIII
Prime Minister Pham Minh Chinh on April 15 issued Decision 768 approving Vietnam's Amended National Power Development Plan VIII for 2021-2030, with vision to 2050. Anh Dang, a senior partner at Vilaf law firm, offers an insight into the principal amendments to PDP VIII.
Consulting - Tue, April 29, 2025 | 4:36 pm GMT+7
From loss to profit: steel maker SMC sees stock rally, avoids delisting risk
Vietnamese steel manufacturer SMC Trading Investment JSC (HoSE: SMC) has seen its stock price soar nearly 60% since early April after the company turned its 2024 loss into profit over bad debt provision reduction.
Companies - Tue, April 29, 2025 | 3:45 pm GMT+7
Dairy giant TH plans $234 mln factory in southern Vietnam
A subsidiary of Vietnam’s dairy giant TH true MILK plans to develop a VND6.07 trillion ($234 million) factory in the southern province of Binh Duong.
Companies - Tue, April 29, 2025 | 3:19 pm GMT+7
Int’l organizations lower Indonesia’s 2025 economic growth forecast
Several international organizations in April revised their economic growth forecasts for Indonesia, reflecting concerns over escalating global trade tensions and domestic fiscal challenges.
Southeast Asia - Tue, April 29, 2025 | 2:30 pm GMT+7
Indonesia eyes more partnership with Vietnam in Halal-certified production, cosmetics
Indonesia, a Muslim-majority country, is eager to share its expertise in Halal standards and looks forward to collaborating with Vietnam in sectors such as food processing, cosmetics, tourism, and Halal financial services, said Agustaviano Sofjan, consul general of Indonesia in Ho Chi Minh City.
Companies - Tue, April 29, 2025 | 1:34 pm GMT+7
MSG producer Vedan Vietnam’s 2024 revenue drops 4% to $166 mln
Food seasoning maker Vedan recorded a revenue of $166 million in Vietnam last year, down 4% year-on-year, according to the 2024 performance review of the Taiwan-headquartered firm.
Companies - Tue, April 29, 2025 | 11:45 am GMT+7
Vietnam, Japan firms sign deals to develop innovation cooperation ecosystem
Businesses from Vietnam and Japan signed numerous MoUs aimed at developing a cooperation ecosystem in innovation and high-tech industries on the sidelines of a forum in Hanoi on Monday.
Economy - Tue, April 29, 2025 | 11:31 am GMT+7
Vietnam’s VPBank targets 35% annual credit growth over next 5 years
Vietnam’s leading private lender VPBank expects to post annual credit growth of 35% over the next five years after taking over weaker lender GPBank, said VPBank chairman Ngo Chi Dung.
Banking - Tue, April 29, 2025 | 8:17 am GMT+7
Japan seeks to implement 15 energy projects worth over $20 bln in Vietnam
Japan wants to execute 15 projects worth over $20 billion in Vietnam's energy transition field, said Prime Minister Ishiba Shigeru.
Economy - Mon, April 28, 2025 | 11:07 pm GMT+7
Malaysia highlights roles of ASEAN, BRICS in regional cooperation
Malaysian Foreign Minister Mohamad Hasan is scheduled to deliver a speech at a dedicated session themed “The Role of the Global South in Reinforcing Multilateralism,” held as part of the BRICS Ministers of Foreign Affairs Meeting in Rio de Janeiro, Brazil, from April 28-29.
Southeast Asia - Mon, April 28, 2025 | 10:10 pm GMT+7
Singapore negotiates for US concessions on pharmaceuticals, chips
Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Singaporean Trade and Deputy Prime Minister Gan Kim Yong.
Southeast Asia - Mon, April 28, 2025 | 10:03 pm GMT+7
