Co-hosted by the Korea Chamber of Commerce and Industry (KCCI), South Korea's Ministry of Trade, Industry and Energy, the Vietnamese Embassy, and Viet Nam's Ministry of Finance, the forum took place, coinciding with the visit of Vietnamese Communist Party General Secretary To Lam—the first visit by a Vietnamese top leader to South Korea in about a decade.
The forum brought together over 500 participants including business executives from big companies such as Samsung Electronics, SK Innovation, LG CNS and Lotte Shopping as well as senior government officials.
Participants from Viet Nam included the deputy prime minister, the ministers of finance and industry, as well as leaders from major companies such as PetroVietnam and Viettel Group.
Discussions focused on cooperation in various sectors including digital technology, advanced industries, semiconductors, renewable energy, and supply chains. Companies from both sides also presented plans for collaboration.
The forum also featured the signing of 84 memorandums of understanding between 47 South Korean companies and institutions and 37 Vietnamese counterparts covering energy, shipbuilding, aviation, AI, advanced materials and drones.
Since diplomatic ties were established in 1992, bilateral trade has grown from $500 million to $86.7 billion in 2023, making Viet Nam South Korea's third-largest trading partner after China and the U.S.
South Korea is also Viet Nam's largest foreign investor with $92.5 billion in cumulative investment and about 10,000 South Korean companies operating there.
reporter
Im Yoon-seo
lyseo0330@ajupress.com
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