Vietnam's National Assembly Chairman to Visit South Korea, Mongolia

Chairman of the National Assembly of Vietnam, Tran Thanh Man, will embark on official visits to South Korea and Mongolia. These trips are being undertaken at the invitations of Speaker of the South Korea's National Assembly Cho Jeong Sik and Chairman of the State Great Hural of Mongolia Sandag Byambatsogt. Vietnam and South Korea established diplomatic relations on December 22, 1992. The bilateral ties were elevated to a Comprehensive Partnership in August 2001, a Strategic Partnership in October 2009, and a Comprehensive Strategic Partnership in December 2022. South Korea is currently Vietnam's second-largest foreign investor, its second-largest source market for tourists, and its second-largest ODA provider. It is also the third-largest importer of Vietnamese manpower. The two-way trade between Vietnam and South Korea reached US$89.5 billion in 2025, an increase of 9.6 percent compared to the previous year. Of this figure, Vietnam's export value stood at US$28.9 billion, up 12.7 percent year-on-year. In the first seven months of this year, trade between the two countries saw a significant surge, soaring by 41 percent year-on-year to US$70 billion. On the investment front, South Korea is the leading foreign investor in Vietnam, with 10,567 active projects worth US$102.6 billion. This accounts for 23 percent of Vietnam's total foreign-funded projects and 18.2 percent of the total registered investment capital. Meanwhile, Vietnam and Mongolia set up diplomatic relations on November 17, 1954. Their ties were elevated to a Comprehensive Partnership on September 30, 2024. In 2025, the two-way trade between Vietnam and Mongolia reached US$155 million, of which Vietnam's exports stood at US$100 million. Source: Bao Chinh Phu