South Korea and Vietnam are set to deepen their economic and strategic partnership as their leaders meet to strengthen ties during growing global trade challenges and shifting tariffs.
South Korean President Lee Jae Myung will host Vietnamese leader To Lam for a landmark summit on Monday, marking the first state visit since Lee took office in June.
The two leaders are expected to focus on boosting trade and investment between the countries.
To Lam, the general secretary of the Vietnamese Communist Party, arrives with a high-level delegation including ministers of industry, trade, foreign affairs, technology, and senior parliament members for a four-day visit.
At the summit, the two nations plan to sign at least ten memoranda of understanding covering cooperation in areas such as nuclear and renewable energy, monetary and financial policies, and science and technology.
This visit is anticipated to pave the way for South Korean firms to invest heavily in Vietnam’s infrastructure and energy projects, including nuclear power.
Vietnam has long served as an export hub for major South Korean companies like Samsung Electronics, attracted by lower labor costs, tax incentives, and Vietnam's broad network of free trade agreements.
However, recent U.S. tariffs imposed by President Donald Trump—15% on South Korean goods and 20% on Vietnamese imports have cast uncertainty over future investments, coinciding with a slowdown in new investments reported by Vietnam.
South Korean businesses are eyeing Vietnam’s upcoming nuclear energy, LNG power plants, and high-speed rail projects as key investment opportunities.
The U.S. military said it completed a sixth consecutive night of strikes on Iran late on Thursday, targeting logistics infrastructure and maritime ca...
North Korean state media called South Korea a “puppet” over its participation in a U.S.-led maritime exercise, warning that Seoul and Washington ...
The U.S. will impose new 25% tariffs on Brazilian imports, including furniture, ethanol, machinery, footwear and sugar. The move launches a new wave o...
Türkiye and South Korea have pushed their strategic ties to a new level. President Recep Tayyip Erdoğan and Lee Jae Myung oversaw the signing of six co-operation agreements on Monday, most notably on nuclear energy.
Two people have been arrested after a ferry ran aground overnight in South Korea on Thursday. The coast guard said that the first officer and an Indonesian crew member were detained for suspected gross negligence.
Authorities in South Korea fear five people remain trapped on Thursday after the collapse of a large structure at a power station in the city of Ulsan, a fire official said, although four others were pulled from the rubble.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 22 October, covering the latest developments you need to know.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
India's investigation into last year's Air India crash that killed 260 people has entered its final stages, with investigators completing a transcript of the cockpit voice recorder and carrying out a psychological autopsy as they work towards a final report.
Russia's government is prioritising fuel supplies for vehicles delivering food to major retail chains as the country grapples with nationwide fuel shortages caused by repeated Ukrainian drone attacks on its energy infrastructure.
North Korean state media called South Korea a “puppet” over its participation in a U.S.-led maritime exercise, warning that Seoul and Washington would bear responsibility for any “unpredictable escalation” in the region.
The U.S. will impose new 25% tariffs on Brazilian imports, including furniture, ethanol, machinery, footwear and sugar. The move launches a new wave of tariffs that could eventually affect dozens of countries.
A kāhu, or swamp harrier hawk, found in Wairarapa is New Zealand’s second confirmed H5N1 bird flu case.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 17th of July, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy has nominated the acting head of the Security Service of Ukraine, Yevhenii Khmara, to serve as acting defence minister. It follows rare protests across Ukraine on Thursday after Zelenskyy dismissed Defence Minister Mykhailo Fedorov in a government reshuffle.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment