Trade targets were agreed when South Korean Prime Minister Han Duck-soo spoke with his Vietnamese counterpart Pham Minh Chinh on Tuesday night, a government statement said. Vietnam and South Korea aim to increase trade between the two countries to $ 100 billion next year and $ 150 billion by 2030, from $ 78 billion last year, the Vietnamese government said.
South Korea is Vietnam’s key economic partner and a major source of direct foreign investment. Samsung Electronics is the single largest foreign investor in the Southeast Asian country. Han and Chinh also agreed to look for ways to reduce the trade gap between the two countries, the statement said.
Vietnam had a $ 34 billion trade debt with South Korea last year, according to Vietnamese cultural data. Vietnam’s main goods from South Korea include electrical appliances, machinery, metals, plastics, textiles and fuels, it said.
