Overview

• President Lee Jae Myung and Vietnam’s Communist Party General Secretary To Lam signed a joint declaration upgrading their Comprehensive Strategic Partnership during a one-day summit in Seoul.
• The two leaders finalized at least 10 memoranda of understanding covering nuclear and renewable energy, technology, finance, education and people-to-people exchanges.
• Both sides pledged to raise bilateral trade from $86.7 billion in 2024 to $150 billion by 2030.
• They committed to fostering a favorable environment for Korean participation in Vietnamese nuclear power plants, high-speed railways and smart-city developments.
• Vietnam voiced support for resuming inter-Korean dialogue and both countries agreed to deepen diplomatic coordination and defense-industry collaboration.