This is the first official visit to Vietnam by South Korean President Park Byeong-Seug since he took office on June 52020.
Deepening parliamentary diplomacy
At the meeting with the South Korean ambassador to Vietnam Park Noh-wan in early 2020 Parliament President Nguyen Thi Kim Ngan said that cooperation between the parliaments of Vietnam and South Korea was developing well. This is a model for parliamentary cooperation. The visit of the President of the South Korean parliament this time to Vietnam is proof of the respect and will of South Korea to strengthen relations with the Vietnamese parliament. This will deepen the relationship and cooperation between the two countries.
According to the history of bilateral parliamentary relations, both sides have built a foundation of good parliamentary relations. The agreement signed in 2006 is a basis for maintaining the exchange of delegations and for strengthening the activities of the parliamentary group of both countries.
Both countries actively cooperate in multilateral fora, such as the ASEAN Interparliamentary Assembly (AIPA), the Asia-Pacific Interparliamentary Forum (APPF) and the Asia-Pacific Interparliamentary Partnership (ASEP).
Contribution to the strategic partnership between Vietnam and South Korea
In view of the Covid 19 pandemic since the beginning of 2020 the exchange of delegations at all levels between the two countries has largely been postponed. The top politicians in Vietnam and South Korea, however, have maintained forms of dialogue. For example, Prime Minister Nguyen Xuan Phuc had a phone call with South Korea's President Moon Jae-in in April. In February and July, Deputy Prime Minister, Foreign Minister Pham Binh Minh phoned his South Korean counterpart, Kang Kyung-wha. After the epidemic in Vietnam was controlled, Vietnam received the South Korean foreign minister.
Economic cooperation is a focal point in relations between the two countries. South Korea is one of Vietnam's most important partners and the largest foreign investor in Vietnam. After Japan, South Korea ranks second in terms of development aid for Vietnam. South Korea's company has made an important contribution to the Vietnamese economy. Subsidiaries of the Samsung concern accounted for around 20 percent of the total export value of Vietnam. In addition, South Korea is the second largest market for accepting Vietnamese workers. The chairman of the parliamentary committee on foreign affairs Nguyen Van Giau assesses the relations between the two countries:
“Economic cooperation is the main focus in bilateral relations. Both sides are satisfied with that. South Korea is the largest investor in Vietnam with registered investment capital of tens of billions of dollars. The South Korean government supports Vietnam through development aid. "
South Korea is one of the first countries to support Vietnam in eliminating the consequences of the flood. The South Korean ambassador to Vietnam Park Noh-wan:
“In difficult times, South Korea and Vietnam support each other. Both countries fought the Covid-19 pandemic together. South Korea is currently supporting Vietnam in eliminating the consequences of the flood and alleviating the difficulties of the residents affected by the natural disaster. We hope this will be an impetus for both countries to deal with and develop difficulties together. "
Since the establishment of diplomatic relations in December 1992 relations between the two countries have grown steadily. The visit of the President of the South Korean Parliament, Park, to Vietnam this time will contribute to deepening bilateral relations.
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