RoK President to pay State visit to Vietnam
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| President of the Republic of Korea Moon Jae-in. - AFP/VNA Photo |
The visit will be made at the invitation of Vietnamese President Tran Dai Quang, announced the Ministry of Foreign Affairs.
The two sides set up diplomatic ties on December 22, 1992 and elevated their relationship to a strategic partnership in 2009.
According to Vietnam’s General Department of Customs, two-way trade between Vietnam and the RoK hit US$61.5 billion in 2017, a year-on-year increase of 41.3 per cent.
Vietnam’s exports to the RoK reached $14.8 billion, while its imports from the East Asian country stood at $46.7 billion, up 30 per cent and 45.3 per cent against 2016, respectively.
The two countries have set a target of $100 billion in two-way trade by 2020.
The RoK was the second largest foreign investor in Vietnam last year, behind Japan, with total registered capital of $8.49 billion.
In terms of accumulative investment, the country ranked first among 125 countries and territories investing in Vietnam, with total investment capital of $57.7 billion by the end of 2017.
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