- Registration date2025-08-14
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Prime Minister Kim Min-seok attended the Korea-Vietnam Business Forum at Lotte Hotel Seoul on the morning of Tuesday, August 12, 2025, demonstrating a commitment to strengthening bilateral relations. The forum was co-hosted by Korea’s Ministry of Trade, Industry and Energy (MOTIE) and Vietnam’s Ministry of Finance (MOF) during Vietnamese General Secretary To Lam’s state visit to Korea.
As the first state visit since Korea’s new government took office, the event brought together over 500 participants, including Second Vice Minister of MOTIE Lee Ho-hyun and Minister of MOF Nguyen Van Thang, government officials, agency representatives, and business leaders from both countries. It also featured a corporate presentation session where six Korean and Vietnamese firms shared insights on three key topics: digital, cutting-edge industries and supply chains, and energy.
In the presence of the general secretary and the prime minister, a total of 52 Memorandums of Understanding (MOUs) were signed between bilateral private businesses and agencies. The MOUs will establish new foundations for economic partnership, covering various areas such as industrial cooperation, energy, and food and tourism.
Of these, 28 MOUs cover traditional manufacturing and emerging industries, including shipbuilding, aviation, AI, finance, and port logistics. These agreements are expected to diversify industrial cooperation between the two countries through initiatives such as joint investment, human resources development, and industry-academia collaboration.
11 MOUs address areas such as clean energy and power grid stabilization, strengthening the foundation for stable and sustainable energy supply chains between the two countries.
In addition, 3 MOUs on high-speed rail partnerships will likely create opportunities for Korean companies to participate in Vietnam’s national transportation and construction projects, while 10 MOUs on food, tourism, and other areas are expected to establish closer bilateral cultural cooperation.
The Korean government plans to work closely with the Vietnamese government based on economic cooperation platforms such as the Joint Committee on Industry and Free Trade Agreements, to ensure the MOUs are effectively implemented and deliver tangible results.