Vietnam and South Korea to double bilateral trade to US$150bil by 2030


SEOUL, June 24 (Bernama-Yonhap): South Korea and Vietnam have agreed to make joint efforts to nearly double bilateral trade to US$150 billion by 2030 and deepen cooperation on key industry minerals and net-zero goals, the industry ministry said, reported Yonhap.

The three memorandums of understanding (MOUs) on stronger bilateral industry relationships were signed after a summit between President Yoon Suk Yeol and Vietnamese President Vo Van Thuong held in Hanoi earlier in the day, according to the Ministry of Trade, Industry, and Energy.

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