- Vietnam and the RoK strengthened economic cooperation across trade, technology, energy, and infrastructure.
- Both sides agreed to deepen collaboration in semiconductors, AI, biotechnology, and renewables.
- Partnership prioritizes major 2026–2030 projects supported by ODA and EDCF funding programs.
Vietnam and the Republic of Korea (RoK) held the 20th session of the Vietnam-RoK Joint Economic Committee in Seoul, with the goal of assessing developments since the previous meeting in 2022 and outlining new strategies to enhance collaboration in various sectors.
During the meeting, both parties evaluated progress in trade, investment, development collaboration, labor, economic security, energy, infrastructure, banking, science and technology, climate change, and other key sectors. Both parties emphasized the significant progress made recently, especially after Vietnam and the RoK enhanced their ties to a Comprehensive Strategic Partnership in 2022, observing that bilateral collaboration has grown robustly, supported by shared benefits, trust, and comprehension.
Vietnam has 114 investment initiatives in the RoK, totaling 37.7 million USD, primarily in science and technology, mining, and the production and repair of vehicles and machinery. Both parties concurred to enhance cooperation in semiconductors, telecommunications electronics, artificial intelligence (AI), quantum technology, renewable energy, biotechnology, and nanotechnology.
In addition to these key sectors, the two parties also talked about strategies to address unresolved concerns and enhance collaboration in energy, infrastructure, climate action, and the RoK's foreign direct investment in Vietnam.
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As Vietnam embarks on a new development stage aiming to become a high-income developed country by 2045, the Vietnamese Government called on the RoK to motivate significant Korean companies to boost investments in key sectors, such as infrastructure development, high-tech electronics production, semiconductors, AI, renewable energy, smart cities, and specialized industrial complexes across value chains.
During the 2026–2030 timeframe, both parties will focus on significant initiatives in transportation and urban infrastructure, advanced technology facilities, and tertiary education. They also consented to collaborate closely to carry out projects financed by the 200-million-USD ODA grant package and framework agreements under the Economic Development Cooperation Fund (EDCF) as well as the Economic Development Promotion Facility.