Saturday, November 17, 2007

Vietnam is key partner in Korean trade

Vietnam – RoK’s premier economic partner in Southeast Asia

Vietnam is the most important economic partner of the Republic of Korea (RoK) in Southeast Asia, the KBS channel television reported on the occasion of Vietnamese Party General Secretary Nong Duc Manh’s RoK visit from Nov. 14-16.

Surely, General Secretary Manh’s visit will give a big boost to Vietnam-RoK partnership, which has been strengthened politically, economically and culturally over the past 15 years, the KBS said.

Vietnam is a fast-growing nation, driven by its reform and open market policy, and is undoubtedly the most dynamic nation in Southeast Asia, enjoying a rapid rise in the international arena.

Meanwhile, the Korea Times said that during talks between General Secretary Manh and President Roh Moo-hyun, the two leaders agreed to expand economic and cultural cooperation.

Two-way trade between Vietnam and the RoK has increased about 10 times in 15 years and the RoK has become the largest investor in Vietnam. More than 1,000 Korean enterprises are running business and investment operations in Vietnam, creating over 200,000 jobs. In 2006, close to 430,000 Korean tourists visited the Southeast Asian country.