Deputy Prime Minister Nguyen Xuan Phuc will pay an official visit to the Republic of Korea from January 19-23 at the invitation of the RoK Government.

The strategic partnership between Viet Nam and the RoK has fared well in various areas in recent times.
The RoK is Viet Nam’s largest foreign investor in project number and third largest in capital value. As of November 2013, it had invested in 3,514 projects capitalised at US$28.8 billion.

It is also Viet Nam’s second largest donor of official development assistance (ODA), committing US$1.2 billion over 2012-15.

The RoK is Viet Nam’s fourth largest trade partner, with two-way trade reaching US$21.12 billion in 2012 and estimated US$27 billion in 2013. It is also the second largest labour market of Vietnam.
Phuc’s visit is expected to start a busy diplomatic year between Viet Nam and the RoK.

(Source: VOV)