Vietnam, South Korea Forge Deeper Ties in Nuclear Energy and High-Tech Sectors

This summit between Vietnam and South Korea marks a pivotal moment in our nations' deepening strategic partnership. The agreement to enhance cooperation in nuclear energy and high-tech sectors, particularly the exploration of a joint nuclear power plant project, signals Vietnam's ambitious drive towards energy security and technological advancement.

As Vietnam, Southeast Asia's fastest-growing economy, grapples with escalating power demands driven by industrial expansion, securing a stable and advanced energy supply is paramount. The potential development of a nuclear power plant, with a planned capacity of 2 to 3.2 gigawatts by 2035, addresses this critical need. This collaboration with South Korea, our largest foreign investor, is particularly valuable given South Korea's expertise and technological prowess in the nuclear energy field.

“

We agreed to work more closely together to strengthen energy security and stabilize supply chains.

The leaders' commitment to strengthening supply chains and fostering an independent, self-reliant economy is also a key takeaway. By encouraging Vietnamese businesses to integrate into South Korea's production and distribution networks, we aim to reduce reliance on single sources and enhance our resilience in the face of global trade volatility. This aligns with Vietnam's broader economic strategy to pivot towards more sophisticated technologies and high-value manufacturing.

Furthermore, the reaffirmation of the goal to boost bilateral trade to $150 billion by 2030 underscores the robust economic ties between our nations. This partnership is crucial, especially as Vietnam navigates complex geopolitical pressures, including U.S. scrutiny over trade routes. By diversifying our technological and energy cooperation, Vietnam strengthens its economic sovereignty and positions itself as a key player in the global high-tech landscape. This collaboration is not merely about trade; it's about building a sustainable, technologically advanced future for Vietnam.

“

We will support Vietnamese businesses in joining South Korea's production, supply and distribution chains, contributing to the development of an independent and self-reliant economy.