[ad_1]
HANOI, July 6 (Reuters) – Vietnam and South Korea purpose to boost the worth of bilateral commerce between the international locations to $100 billion subsequent 12 months and to $150 billion by 2030, up from $78 billion final 12 months, the Vietnamese authorities mentioned.
The commerce targets had been agreed throughout a phone name between South Korean Prime Minister Han Duck-soo and his Vietnamese counterpart Pham Minh Chinh late on Tuesday, a authorities assertion mentioned .
South Korea is a crucial financial accomplice for Vietnam and the biggest supply of overseas direct funding. Samsung Electronics (005030.KS) is the largest single overseas investor within the Southeast Asian nation.
Register now for FREE limitless entry to Reuters.com
Han and Chinh additionally agreed to hunt methods to slender the hole in bilateral commerce, the assertion mentioned.
Vietnam incurred a commerce deficit of $34 billion with South Korea final 12 months, in response to Vietnamese customs knowledge. Vietnam’s predominant imports from South Korea embody electronics, equipment, metals, plastics, materials and fuels.
Through the name, Han and Chinh additionally shared views on the significance of sustaining peace and stability and maritime security and freedom within the South China Sea, the assertion mentioned.
Register now for FREE limitless entry to Reuters.com
Reporting by Khanh Vu
Enhancing by Ed Davies
Our Requirements: The Thomson Reuters Belief Ideas.
[ad_2]
Source link