Vietnam, South Korea target US$150 billion in bilateral trade
The Ministry of Foreign Affairs, in collaboration with the Dong Nai municipal administration and the South Korean Embassy in Vietnam, hosted the "Meet Korea 2026" conference on the morning of October 15 in Dong Nai City.
On October 15, the Ministry of Foreign Affairs, in partnership with the Dong Nai municipal administration and the South Korean Embassy in Vietnam, convened the Meet Korea 2026 conference in Dong Nai City. Reports shared at the summit highlighted that South Korea stands as the leading foreign investor in Vietnam, with a staggering 10,598 projects encompassing a registered capital surpassing $102.7 billion.
During the first eight months of 2026, bilateral trade volume reached an unprecedented $82 billion, marking the highest figure ever recorded for this period. This remarkable momentum has positioned the goal of surpassing the $100 billion threshold this year and aiming for the $150 billion objective by 2030 firmly within reach. The conference was primarily centered on discussing strategic measures to boost bilateral trade, foster sustainable investment, enhance high-quality human resource development, advance scientific and technological cooperation, embrace digital transformation, and promote green growth.
At this pivotal gathering, several Vietnamese localities and their South Korean counterparts signed formal memoranda of understanding to solidify the foundation for future collaboration.
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