Samsung Electronics Vietnam factory in Bac Ninh was established in 2008. Photo: VGP Vietnam and RoK’s economic cooperation gains many achievements According to Deputy Minister of Foreign Affairs Nguyen Minh Vu, currently, the RoK ranks first in terms of direct investment in Vietnam, second in official development assistance (ODA), labor and tourism, and third in commercial cooperation. Vietnam is also RoK’s largest economic partner in ASEAN, accounting for 30% of investment and 50% of total trade turnover between the RoK and ASEAN. This shows that the relationship between Vietnam and the RoK developed effectively and substantively, bringing practical and concrete benefits to the people and businesses of the two countries. Yoo Jeong Yeol, president of the Korea Trade-Investment Promotion Agency (KOTRA), said that the bilateral trade turnover between Vietnam and the RoK reached an all-time high of US$87.7 billion, making Vietnam the third largest trading partner of the Ro...