Back to today’s briefing

Story perspectives

Vietnam and South Korea Aim for $150B Trade Partnership

8/11/2025

33 3

Summary

Story summary

Vietnam's Party General Secretary To Lam and South Korean President Lee Jae Myung met in Seoul on August 11, 2025, to forge stronger ties between their nations. With an ambitious goal to elevate trade to $150 billion by 2030, they are set to deepen collaboration in technology, infrastructure, and defense, heralding a new era in their Comprehensive Strategic Partnership.

History

Historical Context

Vietnam and South Korea established diplomatic relations in 1992, transforming their economic ties. By 2020, South Korea had invested over $70 billion in Vietnam, making it a key partner. Recent discussions between To Lam and Lee Jae Myung aim to boost bilateral trade to $150 billion by 2030, reflecting a broader trend of increasing economic collaboration in Asia.

1 of 2

Story summary

Vietnam's Party General Secretary To Lam and South Korean President Lee Jae Myung met in Seoul on August 11, 2025, to forge stronger ties between their nations. With an ambitious goal to elevate trade to $150 billion by 2030, they are set to deepen collaboration in technology, infrastructure, and defense, heralding a new era in their Comprehensive Strategic Partnership.

1 / 2