Hanoi: Vietnam and the Republic of Korea (RoK) have agreed to boost cooperation in trade, industry, and energy to support businesses amid global economic uncertainties. The commitment was made during the 14th Meeting of the Vietnam-RoK Joint Committee on Trade, Industry, and Energy Cooperation and the 8th Meeting of the Joint Committee on Implementation of the Vietnam-RoK Free Trade Agreement (VKFTA), co-chaired in Hanoi by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Korean Minister of Trade, Industry, and Energy Ahn Dukgeun.

According to Vietnam News Agency, the discussions focused on strengthening bilateral trade relations, enhancing industrial collaboration, and exploring new opportunities in energy cooperation. Both countries emphasized the importance of a stable and predictable business environment to foster economic growth and support enterprises facing challenges due to global economic conditions.

The meetings also reviewed the progress of the Vietnam-RoK Free Trade Agreement, highlighting its role in facilitating trade and investment between the two nations. The ministers reiterated their commitment to implementing the agreement effectively to ensure mutual benefits and to address any issues that may arise.

Additionally, Vietnam and the RoK explored ways to deepen collaboration in emerging sectors, including technology and renewable energy, to adapt to the changing global landscape. They expressed optimism about the potential for increased trade and investment flows as a result of their strengthened partnership.