Prime Minister Pham Minh Chinh witnesses the exchange of cooperative document between Vietnamese and RoK businesses on July 1, 2024. (Photo: Duong Giang/VNA)

The Korea Times, Newsis News Agency, and KBS reported that the Vietnam-RoK Business Forum attracted more than 530 participants, including governments officials and representatives from ministries, localities, and businesses from both countries.

The forum sought measures to promote bilateral economic cooperation after the RoK and Vietnam upgraded their relations to a Comprehensive Strategic Partnership on the occasion of the 30th anniversary of their diplomatic relations in 2022.

The Korea Times affirmed that for the RoK, Vietnam has an increasingly strategic importance as it has established itself as a significant production hub amid escalating trade tensions between many countries.

The Yonhap News Agency, Hankuk Kyongjae, mk.co.kr and Chosun Ilbo newspaper said that recently, the Vietnamese Government has actively worked to attract investment in the semiconductor industry. 

The Vietnam-RoK Business Forum witnessed the determination of the two countries’ leaders and businesses to solve future challenges together as well as their commitment to expanding investment and trade in areas such as digital transformation, supply chain, new and renewable energy and semiconductors.