Making news

Party official meets with KOICA President

Head of the Party Central Committee’s Economic Commission Nguyen Van Binh has proposed the Government of the Republic of Korea (RoK), including the Korean International Cooperation Agency (KOICA), to expand cooperation with Vietnam in various fields.

Binh made the suggestion while holding a reception for KOICA President Lee Mi-kyung in Hanoi on January 16.

Lauding the effective bilateral collaboration which has made significant contributions to Vietnam-RoK relations, Binh hoped that the RoK side will join hands with Vietnam to carry out vocational training projects, improve management capacity for Vietnamese officials and share experience with the country in developing financial and capital markets as well as tax, fiscal, industry and specialised economic zone development policies.

He expressed his wish that the KOICA will have programmes to exchange experts in state budget management and sustainable energy development.

According to the official, since the establishment of diplomatic relations 25 years ago, Vietnam and the RoK have enjoyed robust cooperation in various spheres, especially in economy. The RoK is one of the most important economic partners of Vietnam and the largest foreign investor in the nation.

The Vietnam-RoK free trade agreement, which took effect on December 20, 2015, has created a new momentum for the two countries to achieve the target of 100 billion USD in two-way trade by 2020.

Lee, for her part, noted the RoK Government and the KOICA always prioritise cooperation with Vietnam, saying that the Southeast Asian country has effectively used official development assistance (ODA) provided by the RoK in the past years.

She affirmed that the KOICA will continue its support for Vietnam’s socio-economic development and bolster the sound bilateral cooperative ties between the RoK and Vietnam.