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.
President Ilham Aliyev held a series of strategic meetings with senior executives from leading Chinese industrial corporations in Tianjin on 31 August...
Israeli forces struck Gaza City’s outskirts overnight with air and ground fire, destroying homes and prompting further civilian displacement. Prime ...
Norway will purchase a fleet of British-built frigates to reinforce its naval strength, the government confirmed on Sunday. The move marks a decisive ...
Indonesian President Prabowo Subianto on Saturday cancelled a planned visit to China as nationwide protests spread beyond Jakarta, with several region...
The Shanghai Cooperation Organisation (SCO) summit opened in Tianjin on 31 August, gathering leaders from across Eurasia and the Global South....
South Korea’s parliament passed a bill on Wednesday prohibiting the use of mobile phones and other digital devices in school classrooms nationwide.
North Korea stated on Saturday that South Korean forces fired warning shots in the border area earlier this week, calling the move a deliberate provocation, according to state media KCNA.
Kim Yo Jong, sister of North Korean leader Kim Jong Un, accused Seoul and its president of having a “dual personality,” criticising their commitment to peace while carrying out joint exercises with the United States, according to state media KCNA on Wednesday.
North Korea’s Kim Yo Jong, a senior official in the ruling Workers’ Party, said on Thursday that South Korea’s belief in Pyongyang’s response to peace overtures is a “pipedream.”
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Norway will purchase a fleet of British-built frigates to reinforce its naval strength, the government confirmed on Sunday. The move marks a decisive step in what is expected to be the country’s largest-ever military procurement and a significant boost to NATO’s northern maritime defences.
Indonesian President Prabowo Subianto on Saturday cancelled a planned visit to China as nationwide protests spread beyond Jakarta, with several regional parliament buildings set on fire.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 31th of August, covering the latest developments you need to know.
Russian President Vladimir Putin arrived in the northern Chinese port city of Tianjin on Sunday for a regional security summit, Chinese and Russian state media reported.
China’s largest city and global financial hub, Shanghai, has set a new heat record, state media reported on Saturday. Temperatures in the city exceeded 35°C (95°F) for 25 consecutive days, breaking the previous record set in 1926.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment