Vietnam, S Korea agree to boost bilateral relations to new level

08:13, June 09, 2011      

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South Korea and Vietnam both agree to boost the bilateral relations to strategic partnership, said South Korean Ambassador to Vietnam Ha Chan-Ho at a press conference Wednesday.

South Korea and Vietnam have set up cooperation strategy during the 2011-2015 period, focusing on sustainable growth, environment and green growth, human resource training, infrastructure upgrading, rural development, enhancement of institutional competence and healthcare, said Ha.

Regarding to South Korean businesses in Vietnam, Ha said that their activities are always connected with social responsibility and for economic development in Vietnam. In 2010, although facing with economic difficulties, they organized 32 charity events, mostly in education, social and medical charity works.

By the end of 2010, South Korea is Vietnam's second biggest Official Development Assistance (ODA) donor, with approved loans of over 1.2 billion U.S. dollars. It is expected to provide another 215 million U.S. dollars to several projects in Vietnam this year.

South Korea and Vietnam have established diplomatic relationship for 19 years, and both sides are preparing for the 20th anniversary in 2012.

Source: Xinhua
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