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.
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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.
North Korea has likely received technical help from Russia for its submarine development, South Korean Defence Minister Ahn Gyu-back told parliament on Monday (13 October).
South Korea's ousted President Yoon Suk Yeol appeared in court on Friday (26 September) at the start of a new trial on obstruction charges after weeks of boycotting a separate ongoing trial for masterminding insurrection by leading a failed martial law bid.
South Korea’s parliament passed a bill on Wednesday prohibiting the use of mobile phones and other digital devices in school classrooms nationwide.
The Champions League match between Qarabağ FK and Chelsea has finished 2–2 at the Tofig Bahramov Republican Stadium in Baku.
Brussels airport, Belgium's busiest, reopened on Wednesday morning after drone sightings during the previous night had resulted in it being temporarily closed, although some flights remained disrupted, its website said.
Israel’s top military legal officer Yifat Tomer-Yerushalmi, who resigned last week, has been arrested over the leak of a video showing soldiers brutally assaulting a Palestinian detainee at the Sde Teiman military prison.
Russia remains in constant contact with Venezuela over tensions in the Caribbean, Kremlin spokesman Dmitry Peskov was quoted as saying on Tuesday.
Chinese President Xi Jinping has pledged to boost mutual investment and deepen economic cooperation with Russia, as Moscow faces growing Western sanctions and trade pressure.
Severe flooding in southwest Wales has prompted a major incident, with emergency crews rescuing dozens of people from homes, vehicles and a care facility in Carmarthenshire.
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The detention of Israel’s former military Advocate General has been extended until Friday as investigators probe a video leak showing soldiers allegedly abusing a Palestinian detainee.
Russian President Vladimir Putin on Wednesday instructed senior officials to prepare proposals for potential nuclear weapons testing, following President Trump’s announcement last week that Washington would resume such tests.
A French court has postponed the trial of a suspect linked to the Louvre jewellery heist in a separate case, citing heavy media scrutiny and concerns about the fairness of the proceedings.
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