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00707012
2011.10
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KOREAN

‘Korea-Vietnam Economic Cooperation: Prospects for 2020’   Academic Forum Marks 20th anniversary of Bilateral

The Korea Foundation supported an academic conference on “Economic Cooperation between Vietnam and Korea: Prospects for 2020,” held at the Hanoi Daewoo Hotel in Vietnam on August 25, in commemoration of the 20th anniversary of diplomatic relations between the countries. The conference was co-hosted by the National Economics University (NEU) of Vietnam and the Korean Association of Trade and Industry Studies (KATIS to reflect on the development of bilateral relations over the past two decades and to draw up a blueprint for a strategic partnership toward 2020.


Strategic Partnership
Some 60 Vietnamese economists and scholars of Korean Studies
and 40 KATIS members participated in the conference.
Also present were, among other dignitaries, NEU President
Nguyen Van Nam, Korean Ambassador to
Vietnam Ha Chan-ho, KF President
Kim Byung-kook, and Mai Xuan Hung,
vice chairman of the Vietnamese National
Assembly’s Committee for Economics.

In his opening remarks, NEU President
Nguyen called on the participants to
engage in constructive discussion to explore
ways to further strengthen cooperative relations
between the two nations, so as to upgrade the level
of their ties in accordance with a mutual agreement in
October 2009 to realize a strategic partnership. He also
emphatically noted a sharp increase in bilateral trade between
Vietnam and Korea.



Korea Foundation President Kim Byung-kook, during his congratulatory remarks, pointed out that state power tends to be expressed at diver dimensions in today’s changing global environment as a result of globalization, pro-democracy movements and the IT revolution. In this light, he noted, the academic gathering was especially timely as it pursued measures to increase economic cooperation between Korea and Vietnam at a regional beyond national boundaries. He pledged the Foundation’s continued support for future endeavors to enhance bilateral cooperation.

Productive Discussion

KF President Kim Byung-kook, on behalf of the Foundation, receives a plaque of appreciation from Vietnam’s National Economics University. The conference had two sessions, in which a total of 27 papers were submitted, including four keynote presentations. A majority of the papers addressed issues related to trade, investment and economic cooperation, along with recent trends in Korea’s foreign direct investment in Vietnam, and potential areas of mutual economic cooperation.

The participants spent considerable time discussing Vietnam’s rising trade deficit with Korea in the past two decades and possible measures to mitigate this problem. In particular, the KATIS members drew attention for their active participation in presentations and discussions to contribute their expertise in international commerce and economics toward practical resolution of relevant problems.

Wrapping up the conference, the NEU president urged economic specialists of both countries to help develop workable solutions to overcome the current trade imbalance and to continue efforts to bolster bilateral relations in qualitative terms. He added that, as a think tank for the Vietnam government, his university would also suggest constructive steps, based on the input from business and academic circles.

Meanwhile, the NEU presented a plaque of appreciation to the Korean Foundation in recognition of its public diplomacy initiatives and contributions to expanding academic and cultural exchange between Korea and Vietnam since the two nations established diplomatic relations in 1992.

Moon Jae-seung Korean Studies Department

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