South Korea and Vietnam Set Ambitious Trade Targets, With ‘Almost Identical’ Strategic Goals

South Korean President Moon Jae-in and his Vietnamese counterpart Tran Dai Quang meet at the Presidential Palace in Hanoi, Vietnam, March 23, 2018 (AP photo by Nguyen Khanh).
South Korean President Moon Jae-in and his Vietnamese counterpart Tran Dai Quang meet at the Presidential Palace in Hanoi, Vietnam, March 23, 2018 (AP photo by Nguyen Khanh).
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On March 23 in Hanoi, South Korean President Moon Jae-in and his Vietnamese counterpart, Tran Dai Quang, announced plans to rapidly increase trade between their two countries from more than $60 billion today to $100 billion by 2020. Bilateral trade has been growing quickly since South Korea and Vietnam signed a free trade deal in 2015, building on economic ties formed after diplomatic relations were established in 1992. In an email interview, Lee Jaehyon, a research fellow and director of the Center for ASEAN and Oceania Studies at the Asan Institute for Policy Studies, discusses South Korea and Vietnam’s deepening […]

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