link vao 188bet moi nhat Korea, Vietnam agree to nurture ties in nuclear power, high-speed rail

Leaders of South Korea and Vietnam on Monday agreed to broaden link vao 188bet moi nhat bilateral cooperation into forward-looking sectors in a summit held during link vao 188bet moi nhat Southeast Asian country's leader's state visit to Seoul.

South Korean President Lee Jae Myung and General Secretary of Vietnam's Communist Party To Lam agreed to "foster a favorable environment" for South Korean companies to participate in Vietnam's projects to build urban infrastructure, high-speed railways and nuclear power plants, according to link vao 188bet moi nhat presidential office.

Lee told reporters after link vao 188bet moi nhat summit at link vao 188bet moi nhat presidential office in Seoul that he expressed his willingness for South Korean companies to join large-scale projects in Vietnam, such as link vao 188bet moi nhat construction of new nuclear power plants and its north-south high-speed railway, adding link vao 188bet moi nhat companies are aware of link vao 188bet moi nhat importance of ensuring a stable power supply and establishing a modernized transport system in Vietnam.

"I expressed my hope for a successful example of cooperation, based on our companies' technological prowess and extensive experience," Lee said, adding that Lam told him that he would "actively consider Korea's participation."

link vao 188bet moi nhat remarks came as link vao 188bet moi nhat introduction of nuclear energy has recently gained momentum in Vietnam, with link vao 188bet moi nhat Vietnamese authorities looking to build more nuclear power plants in addition to two once-stalled ongoing projects in Vietnam's Ninh Thuan province.

One of 10 memorandums of understanding signed on link vao 188bet moi nhat occasion of link vao 188bet moi nhat summit was aimed at establishing programs run jointly by link vao 188bet moi nhat two countries to nurture talents in link vao 188bet moi nhat field of nuclear energy. According to link vao 188bet moi nhat presidential office, link vao 188bet moi nhat signing of link vao 188bet moi nhat document between Korea Electric Power Corp. President Kim Dong-cheol and Petrovietnam Chair Le Manh Hung will allow Vietnam to enhance its understanding of nuclear power plants designed by South Korean firms and create a favorable environment for South Korea's foray into Vietnam's nuclear power industry.

Also drawing keen attention from South Korean firms is a 1,713 trillion dong ($65.3 billion) project to build 1,500 kilometers of high-speed rail connecting Hanoi and Ho Chi Minh City to cut link vao 188bet moi nhat commute hours between link vao 188bet moi nhat two cities from 30 hours under link vao 188bet moi nhat current infrastructure to as short as 5 1/2 hours.

link vao 188bet moi nhat cooperation will also be made in link vao 188bet moi nhat field of urban infrastructure in Bac Ninh province, as well as renewable energy, finance and advanced technology, Lee also said, adding he asked for Lam's attention to ensure link vao 188bet moi nhat stable operation of some 10,000 South Korean enterprises in Vietnam.

At link vao 188bet moi nhat summit, link vao 188bet moi nhat leaders also agreed to increase link vao 188bet moi nhat bilateral trade volume to $150 billion by 2030, up about 75 percent from $86.7 billion in 2024. This year marks link vao 188bet moi nhat 10th anniversary of a bilateral free trade agreement that has been in effect since 2015.

According to link vao 188bet moi nhat Korea International Trade Association, Vietnam has been link vao 188bet moi nhat third-largest trading partner with South Korea after link vao 188bet moi nhat United States and China for three straight years, from 2022 to 2024, counting exports and imports combined. Both exports and imports surged over 9 percent in 2024 from link vao 188bet moi nhat previous year.

"Aiming to be a responsible global power to address link vao 188bet moi nhat changing global order ... South Korea reached a consensus with Vietnam that link vao 188bet moi nhat need for bilateral cooperation is more important than ever as Vietnam pursues a goal of becoming a high-income country by 2045," Lee said. "We agreed to foster bilateral cooperation in a way that is more forward-looking and future-oriented."

This echoed Lee's remarks in an interview with Vietnam News Agency on Friday that raising link vao 188bet moi nhat trade target is meant to "contribute to link vao 188bet moi nhat sustainable growth" of both countries, adding that South Korea was poised to become Vietnam's "trusted partner on (link vao 188bet moi nhat) journey" to achieving Vietnam's goal of becoming an upper middle-income country by 2030 and a high-income country by 2045.

Some 340,000 Vietnamese people are estimated to reside in South Korea, and some 190,000 Koreans live in Vietnam. As there are approximately 100,000 multicultural households comprising South Koreans and Vietnamese, Lee described link vao 188bet moi nhat two countries' relationship as "countries of in-laws," during his meeting with Lam.

Highlighting cultural ties, link vao 188bet moi nhat president's wife Kim Hea Kyung also received Ngo Phuong Ly, Lam's wife, and together they visited link vao 188bet moi nhat National Museum of Korea in Yongsan, central Seoul.

Lam and Ly arrived in Seoul for a state visit to South Korea on Sunday and are set to depart link vao 188bet moi nhat country Wednesday. Lam was accompanied by eight ministers.

Lam became link vao 188bet moi nhat first head of state to visit South Korea since Lee's inauguration on June 4. link vao 188bet moi nhat visit to South Korea by a general secretary of Vietnam's Communist Party was also link vao 188bet moi nhat first since 2014.

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