The three ‘P’s in Korea’s new policy towards Vietnam and ASEAN

The three 'P's in Korea's new policy towards Vietnam and ASEAN 0

The three ‘P’s in Korea’s new policy towards Vietnam and ASEAN

President Tran Dai Quang, right, and South Korean President Moon Jae-in shook hands at the Presidential Palace in March. Photo: Giang Huy.

`Relations with ASEAN are indispensable for Korea’s prosperity and peace, and Vietnam lies at the center of that relationship,` said Korean Foreign Minister Kang Kyung-wha during the `Korea Night` event.

In order to bring cooperation with ASEAN in general and Vietnam in particular to a new level, Korean President Moon Jae-in outlined the New Southern Policy on the occasion of attending the APEC Summit in Da Nang last year, Ms.

The three Ps of the New Southern Policy were discussed by President Moon with Vietnamese leaders during his state visit in March, in order to accompany Vietnam’s national priorities, including the

Foreign Minister Kang said that the Korean government considers the increasing number of Vietnamese – Korean families to be a valuable resource in the `Human` element of bilateral cooperation.

To invest in the `Human` factor, Vietnam’s Ministry of Science and Technology and the Korea International Cooperation Agency (KOICA) in March coordinated to start construction of the Vietnam Institute of Science and Technology –

The three 'P's in Korea's new policy towards Vietnam and ASEAN

Korean Foreign Minister Kang Kyung-wha spoke about the New Southern Policy.

In addition to investing in people, Korea is also promoting the introduction of potential projects to Vietnam and ASEAN countries to respond to the challenges brought by the fourth industrial revolution as well as promote

The goal of this activity is to create momentum for growth for a sustainable future, applying achievements of the fourth industrial revolution such as smart cities, 5G and advanced IT technology.

With the `Peace` factor, the Korean Foreign Minister emphasized that diplomatic efforts over the past year have changed the situation on the Korean Peninsula from tense confrontation to cohesion and dialogue, opening up opportunities for cooperation.

Appreciating the accompanying and supportive role of ASEAN in this process, Ms. Kang affirmed that a denuclearized and completely peaceful Korean peninsula will connect Southeast Asia and Northeast Asia in an atmosphere

`To achieve this goal, Korea will continue to rely on the comprehensive support of ASEAN and its member countries,` said Foreign Minister Kang.

The head of the Korean diplomatic agency said that the special Korea-ASEAN summit scheduled to take place at the end of 2019 on the occasion of the 30th anniversary of the dialogue partnership will be an opportunity for Korea to strengthen

Vietnam and Korea became strategic partners in 2009. Vietnam is the largest trading partner in ASEAN and is also Korea’s most popular investment destination in ASEAN.

The two countries strive to achieve a trade turnover of 100 billion USD by 2020. The number of Korean tourists visiting Vietnam last year reached 2.4 million people.

Thanh Nguyen

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