Lee Jae-yong, chairman of Samsung Electronics

President Yoon Suk Yeol of the Republic of Korea graces Vietnam with a state visit from June 22-24. This marks President Yoon Suk Yeol's maiden voyage to the vibrant nation of Vietnam, symbolising the dawn of a new era in their bilateral relations.

What sets this visit apart is the illustrious entourage accompanying the president on this diplomatic expedition. It boasts leaders from 205 of South Korea's most pre-eminent corporations, including industry titans such as the chairman of Samsung Electronics, Lee Jae-yong; chairman of the SK Group, Chey Tae-won; CEO of Hyundai Motor Group, Euisun Chung; chairman of LG Group, Koo Kwang-mo; vice chairman of Hanwha Group, Kim Dong-kwan; chairman of Hanjin Group, Cho Won-tae; and vice chairman of Hyosung Group, Cho Hyun-sang.

Kim Tae Hyo, national security advisor to the president, said that the primary objective of the visit was to forge an alliance between South Korea and Vietnam, encompassing multifaceted sectors such as finance, cutting-edge technology, information, robust, and sustainable energy.

The country is firmly solidifying its position as one of the foremost contributors of foreign direct investment in Vietnam.

South Korea's unwavering commitment to Vietnam's economic development is evidenced by its diverse array of investments spanning multiple sectors. From pivotal contributions in the energy industry, spearheading innovative renewable energy projects, to bolstering the financial sector with cutting-edge technologies and expertise, South Korean investments permeate various domains including manufacturing, technology, infrastructure, and beyond.

This comprehensive approach showcases South Korea's foresight in harnessing the full spectrum of opportunities in Vietnam, solidifying their position as a strategic partner in the nation's rapid growth and progress.