Yoon Dines with 205 Economic Envoys: "Vietnam, a New Opportunity for Korea"

Vietnam's Challenge to Become an Advanced Country by 2045
"Overcoming Crisis Is Essential for Vietnam"... Emphasizing the Spirit of Challenge

Leading the largest economic delegation since his inauguration, consisting of 205 members, President Yoon Suk-yeol made a state visit to Vietnam and held a dinner with the economic delegation and related economic organization leaders on the first day, the 22nd (local time).

In his welcoming speech at the 'Meeting with Accompanying Businesspeople' held at a hotel in downtown Hanoi, President Yoon said, "New opportunities are opening up for Korea, which has a stronger bond with Vietnam than any other country," and urged, "I ask Korean companies to take the lead and take on challenges."

As Vietnam is actively working on creating an innovation ecosystem, accelerating economic development, and improving infrastructure to reach advanced country status, he also encouraged businesspeople to engage in active business activities.

[Image source=Yonhap News]

President Yoon emphasized, "The business environment is very difficult due to the global economic slowdown, supply chain disruptions, and energy and climate crises. We can find solutions to overcome these crises here in Vietnam, which is a hub for global supply chain restructuring and an emerging consumer market," adding, "Vietnam is accelerating the creation of an innovation ecosystem to reach advanced country status by 2045."

He stated, "The achievements you create will become a new driving force for our economy," and said, "If there are any difficulties or unreasonable matters, please do not hesitate to inform our government," pledging, "As sales representatives of the Republic of Korea, if it helps our companies' product exports and orders, we will put everything else aside and actively support you."

He also said, "Seeing the businesspeople from both countries filling the trade consultation hall and the youth from both countries cheering at the cultural event, I felt the bright future of our two countries," and urged, "I hope that substantial results will be produced in various fields such as consumer goods and services at tomorrow's business forum."

The dinner was attended by heads of major conglomerates including Lee Jae-yong, Chairman of Samsung Electronics; Chey Tae-won, Chairman of SK Group; Chung Eui-sun, Chairman of Hyundai Motor Group; Koo Kwang-mo, Chairman of LG Group; Shin Dong-bin, Chairman of Lotte Group; and Kim Dong-kwan, Vice Chairman of Hanwha Group, as well as representatives of medium and small enterprises such as Park Jae-beom, CEO of One Spirits, and key economic organization leaders.

At the head table where President Yoon and First Lady Kim Keon-hee were seated, were Chairman Chey Tae-won, President of the Korea Chamber of Commerce and Industry, Choi Sang-mok, Senior Secretary for Economic Affairs at the Presidential Office, Ambassador Oh Young-joo to Vietnam, and CEOs of medium and small enterprises.

Also accompanying the delegation were Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho, Minister of Foreign Affairs Park Jin, Minister of Trade, Industry and Energy Lee Chang-yang, Minister of Employment and Labor Lee Jeong-sik, and Minister of Agriculture, Food and Rural Affairs Jeong Hwang-geun.

This content was produced with the assistance of AI translation services.