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.
Russian drone strikes hit civilian sites across several Ukrainian regions overnight and on Sunday, leaving at least 12 people dead and more than a doz...
A freight train carrying with Russian grain has departed from Bilajari station in Azerbaijan, heading to Armenia via transit routes through Georgia....
Dmitry Medvedev said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as h...
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement ...
Israel has reopened Gaza’s Rafah border crossing with Egypt in what Israeli media described as a “pilot operation,” marking the first opening of...
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.
Catherine O’Hara, the celebrated Canadian actress and comedy legend, has died at the age of 71, her publicist confirmed on Friday. She passed away at her home in Los Angeles following a brief illness.
Newly released Epstein files name French President Emmanuel Macron among figures referenced in millions of disclosed documents.
The United Nations faces the risk of “imminent financial collapse” because of unpaid contributions, including substantial arrears from the United States, Secretary-General Antonio Guterres has warned.
Vladimir Putin said Russia earned more than $15 billion from defence exports in 2025 and fulfilled all military-technical contracts despite what he described as growing pressure from Western countries.
Explosions shook parts of southern Lebanon on Friday night as Israeli strikes rippled across the Zahrani district, with the blasts travelling toward the coastal city of Sidon.
Russian drone strikes hit civilian sites across several Ukrainian regions overnight and on Sunday, leaving at least 12 people dead and more than a dozen injured, Ukrainian officials said.
Dmitry Medvedev said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as he criticised EU policy, praised Donald Trump as a leader who seeks peace, and said Russia would “soon” achieve military victory in the war.
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
Israel has reopened Gaza’s Rafah border crossing with Egypt in what Israeli media described as a “pilot operation,” marking the first opening of the crossing in two years.
Russian Security Council Secretary Sergei Shoigu has arrived in China for an official visit, where he is due to meet Chinese Foreign Minister Wang Yi to discuss international and regional security issues, Russian state media reported on Sunday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment