The “Meeting Korea 2025” Conference in Hung Yen

Delegates attend the Conference

The Conference drew the attendance of Comrade Bui Thanh Son, Member of the Party Central Committee, Deputy Prime Minister, Minister of Foreign Affairs; comrades: Nguyen Huu Nghia, Member of the Party Central Committee, Secretary of the Hung Yen Provincial Party Committee; Ngo Le Van, Deputy Minister of Foreign Affairs; Tran Quoc Toan, Permanent Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; Mr. Choi Youngsam, the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Vietnam... Comrade Nguyen Le Huy, Member of the Provincial Party Committee’s Standing Board, Standing Vice Chairman of the Provincial People's Committee; leaders of the People's Committees of 25 provinces and cities in the Northern region; leaders of Vietnamese - Korean corporations and enterprises...

Comrade Nguyen Huu Nghia, Member of the Party Central Committee, Secretary of the Hung Yen Provincial Party Committee speaks at the conference

In his welcoming speech at the conference, Comrade Nguyen Huu Nghia, Member of the Party Central Committee, Secretary of the Provincial Party Committee affirmed: Hung Yen is very honored to be chosen as the venue for the "Meeting Korea 2025" Conference. This is an important event to consolidate and promote the friendship, cooperation in economic development, trade, investment, cultural exchange, and people-to-people exchange between Vietnam and Korea, contributing practically to strengthening the "Comprehensive Strategic Partnership between Vietnam and Korea". At the same time, contributing to promoting the image of Hung Yen land and people, expanding the cooperative relationship between Hung Yen province and Korean partners in particular.

Currently, Korean enterprises and investors have become one of the largest and most reliable partners, making important contributions to economic development, especially economic growth, state budget revenue, job creation, and improving the income of workers in Hung Yen province. In Hung Yen there are currently 560 FDI projects with a total registered capital of 8.7 billion USD, of which Korean investors rank the second in the number of projects with 162 projects and the investment capital of 1.46 billion USD.

The Provincial Party Secretary emphasized that with the strategic goal of developing Hung Yen province into a modern industrial province, Hung Yen province wishes to strengthen more comprehensive cooperation with Korean partners; at the same time, continue to accompany, support and create the best favorable conditions for Korean enterprises and investors to invest and do business in Hung Yen.

Mr. Choi Youngsam, the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Vietnam, speaks at the conference

Speaking at the conference, Mr. Choi Youngsam, the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Vietnam, expressed his delight that the event "Meeting Korea 2025" was held in Hung Yen province - a place that is attracting attention not only in Vietnam but also internationally, with a development cooperation project between Vietnam's Kinh Bac Group and the Trump Organization Group. Here, Korea also invested in the first industrial park in Vietnam - the Korea-Vietnam Industrial Park.

Ambassador Choi Youngsam also shared that Korea highly appreciated Vietnam's ongoing plans to reorganize the apparatus and administrative units at the provincial level, which is an important step to prepare for a leap forward in the new era; at the same time, he hoped that the localities after the arrangement would continue to pay attention and strongly support Korean enterprises.

Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son speaks at the conference

Speaking at the conference, Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son assessed: Up to this point, Vietnam and Korea have become each other's leading important partners in many fields. Korea currently ranks the first in direct investment in Vietnam with 10,128 projects, total registered capital of over 92 billion USD; the second in development cooperation (ODA), labor and tourism; and the third in trade cooperation. In the opposite direction, Vietnam is Korea's largest economic partner in ASEAN, accounting for 30% of investment and 50% of total trade turnover between Korea and ASEAN. The two countries are aiming to increase bilateral trade turnover to 100 billion USD by 2025 and 150 billion USD by 2030 in a balanced and sustainable manner.

Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son affirmed: The "Meeting Korea 2025" conference is very important, marking the 10th anniversary of the signing of the Vietnam - Korea Free Trade Agreement (VKFTA), 10 years of organizing this meaningful series of events in Vietnam. This is an important opportunity for Hung Yen province as well as localities to introduce their potentials, advantages, and development orientations of priority areas, attract investment, preferential policies to support investment, and promote to Korean investors and enterprises so that it is truly "home" for developing production and business.

Comrade Bui Thanh Son, Deputy Prime Minister and Minister of Foreign Affairs, suggested and hoped that Vietnamese and Korean localities and enterprises would proactively and actively connect and seize opportunities for innovation, creativity, high-tech application, and building sustainable value chains, focusing on digital transformation, green economy, circular economy, semiconductors, environmentally friendly energy, biotechnology, 5G network, and smart cities.

Standing Vice Chairman of Hung Yen Provincial People's Committee Nguyen Le Huy speaks at the conference

The "Meeting Korea 2025" conference had 2 discussion sessions with the following topics: Promoting Vietnam - Korea trade and investment in the new era; boosting cooperation in high-tech industries development. Here, delegates focused on discussing and analyzing potentials and advantages, suggesting cooperation opportunities between Korean enterprises and Vietnamese localities, including Hung Yen province.

Delegates witness representatives of Korean and Vietnamese enterprises signing the Memorandum of Understanding on investment cooperation

Within the framework of the “Meeting Korea” Conference in 2025, representatives of Korean enterprises awarded scholarships to students in Hung Yen province; representatives of Korean and Vietnamese enterprises signed the Memorandum of Understanding on investment cooperation.