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.
Iranian authorities say about 2,000 people have been killed during more than two weeks of nationwide anti-government protests, marking the first time ...
Boeing booked more aircraft orders than Airbus in 2025 for the first time since 2018, official figures showed, even as the European manufacturer deliv...
Business and political leaders are gathering in Davos for the World Economic Forum’s annual meeting as uncertainty over the global economic and poli...
Venezuelan Interior Minister Diosdado Cabello said on Tuesday that authorities seized 6,850 kilograms of drugs in the southern state of Bolívar as pa...
Greenlanders voiced support for diplomacy ahead of high-level talks in Washington on Wednesday, following renewed threats by U.S. President Donald Tru...
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.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
Israel has sharply escalated its warnings to Lebanon amid rising regional tensions linked to Iran, according to a report by the Lebanese newspaper Nida Al Watan.
Iranian authorities have taken steps to disrupt access to Starlink satellite internet, according to users and digital-rights groups, in what appears to be the latest effort to tighten control over people’s access to the internet inside the country.
The U.S. has issued an urgent security notice calling all American citizens to leave Iran immediately, citing escalating protests, growing violence and widespread communication shutdowns across the country.
The United Nations’ top court at The Hague has begun hearings on whether Myanmar committed genocide against the Rohingya ethnic minority. Gambia told judges on Monday that Myanmar targeted minority Muslim Rohingya for destruction and made their lives a nightmare in a landmark case.
Iranian authorities say about 2,000 people have been killed during more than two weeks of nationwide anti-government protests, marking the first time officials have given an overall death toll from the unrest.
Boeing booked more aircraft orders than Airbus in 2025 for the first time since 2018, official figures showed, even as the European manufacturer delivered more planes during the year.
Business and political leaders are gathering in Davos for the World Economic Forum’s annual meeting as uncertainty over the global economic and political order deepens, with U.S. President Donald Trump’s policies challenging long-standing international norms.
Venezuelan Interior Minister Diosdado Cabello said on Tuesday that authorities seized 6,850 kilograms of drugs in the southern state of Bolívar as part of an anti-narcotics operation earlier this month.
Greenlanders voiced support for diplomacy ahead of high-level talks in Washington on Wednesday, following renewed threats by U.S. President Donald Trump to take control of the Arctic territory.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment