Story perspectives

South Korean President Secures Vietnam Nuclear, Infrastructure Deals

5/12/2026

Summary

Story summary

President Lee Myung-bak visited Vietnam and signed deals on a 2–3.2 GW nuclear plant by 2035 and on infrastructure projects.
KIEP analyst Kwak Sung-il urges firms to collaborate, noting Vietnam’s 14th Party Congress aims for upper-middle-income with >=10 % GDP growth, ~30 % digital economy and ~28 % manufacturing.
Ambassador Vu Ho said cooperation respects Vietnam’s autonomy, avoids third-party replacement, follows a framework, and noted 352,000-person Vietnamese community in Korea as an asset.

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Story summary

President Lee Myung-bak visited Vietnam and signed deals on a 2–3.2 GW nuclear plant by 2035 and on infrastructure projects.
KIEP analyst Kwak Sung-il urges firms to collaborate, noting Vietnam’s 14th Party Congress aims for upper-middle-income with >=10 % GDP growth, ~30 % digital economy and ~28 % manufacturing.
Ambassador Vu Ho said cooperation respects Vietnam’s autonomy, avoids third-party replacement, follows a framework, and noted 352,000-person Vietnamese community in Korea as an asset.