Chairman of the National Assembly Vuong Dinh Hue shakes hands with Speaker of the Republic of Korea’s National Assembly Park Byeong-seug, Seoul, the Republic of Korea, December 13, 2021.

Speaker Park welcomed the visit by Chairman Vuong to the Republic of Korea, saying the visit would help foster the strategic partnership between the two countries.

Park highlighted that both countries have managed to sustain the momentum of growth in bilateral ties across various fields, especially politics, economy, security and defense, and people-to-people exchanges despite the complicated evolution of the COVID-19 pandemic.

The Republic of Korea regards Viet Nam as a major partner in its New Southern Policy and expects to upgrade the relationship with Viet Nam to a new height, affirmed Park.

Meanwhile, Vuong emphasized that his ongoing visit aims to affirm Viet Nam attaches importance to the relationship with the Republic of Korea.

He expected the Republic of Korea to share experience in economic development, including the development of green economy and innovation with Viet Nam.

Vuong also encouraged Korean investors to increase investment in such fields like supporting industry, smart urban development, industries of the future, agriculture among others.

The two leaders voiced support for further elevation of the Viet Nam-the Republic of Korea strategic partnership on the occasion of the 30^th founding anniversary of diplomatic ties next year.

The pair agreed that both sides will double effort to raise the two-way trade to US$100 billion by 2023 and US$150 billion by 2030.

They spoke highly of the two countries’ effort in maintaining regular dialogues on security and defense, and in enhancing cooperation in the United Nations-led peacekeeping operations, crime prevention and control.

Both sides pledged to continue strengthening collaboration at multilateral forums, and advocating the common vision on ensuring security, safety and freedom of navigation and aviation in the East Sea.

The sides also agreed to deepen cooperation between the two legislative bodies and support each other at regional and international inter-parliamentary forums like IPU, APPF, and AIPA./.