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Vietnam, RoK strengthen strategic partnership

Update: 22-07-2013 | 00:00:00
The visit aims to promote the strategic partnership between the two countries and legislatures, as well as lifting the co-operative ties into a new height based on fine friendship, mutual trust and understanding. Since the two countries established diplomatic ties more than 20 years ago, bilateral ties have grown considerably across many fields from politics, economics, trade and investment to culture and education. On politics, bilateral ties were upgraded to a "Comprehensive partnership in the 21st century” in 2001 and to a " Strategic co-operative partnership" in 2009. Since 1992 regular exchange of high-level delegations and senior leaders’ bilateral meetings on the sidelines of international forums have contributed to enhancing co-operative ties between the two nations. The two legislative bodies have always closely co-operated and supported each other at regional and international forums, such as Inter-Parliamentary Union (IPU), the ASEAN Inter-Parliamentary Organisation (AIPO), and the Asia Pacific Parliamentary Forum (APPF). They have exchanged visits to share legislative and supervisory experience and to improve their operational efficiency. Close co-operation and mutual support have helped raise the role and international status of each country and the NA and accelerate regional and international integration. Close political co-operation has created a firm foundation for bilateral co-operation in various fields, especially economics, trade and culture. The RoK is one of Vietnam’s leading trade partners. In the first four months of this year, it ranked fourth among 96 countries and territories investing in Vietnam, with more than 3,200 valid projects capitalised at over US$25 billion. Vietnam is the 9th largest importer of the RoK with two-way trade value reaching more than US$21 billion in 2012. The country is also Vietnam’s second-biggest ODA provider after Japan, with its funding of more than US$70 million in 2010 and US$200 million in 2011. Around 5,000 Vietnamese students, 100,000 people and 68,000 workers are learning and working in the RoK. NA Chairman Hung’s visit demonstrates Vietnam’s foreign policy of independence, self-reliance, diversification and multilateralism in the spirit that “Vietnam is a friend, a reliable partner of all countries and an active and constructive member in the international community on the basis of equal cooperation, mutual benefits, and respect for independence, territorial integrity, and non interference in each other’s internal affairs. The trip also indicates Vietnam’s consistent policy of boosting relations with the RoK; strengthening mutual understanding and trust, building cooperative mechanisms between the two NAs in the future in a sustainable, practical and effective manner to meet people’s aspirations. VOV
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