Korea and Vietnam boost economic ties by signing an MOU worth $4 billion
Korea and Vietnam boost economic ties by signing an MOU worth $4 billion
  • 01
    REPUBLIC OF KOREA. Korea and Vietnam boost economic ties by signing an MOU worth $4 billion, Korea-Vietnam Summit in Hanoi / June 23, 2023
  • 02
    CURRENT ECONOMIC SITUATION IN KOREA, JUNE 2023

    The MOU aims to explore and carry out large-scale infrastructure projects for transportation, healthcare, and climate change response in Vietnam.

    • Increasing the limit for the Economic Development Cooperation Fund to $2 billion
    • Offering up to $2 billion worth of the Economic Development Promotion Facility
  • 03
    The MOU is expected to expand Korean firms' inroads into Vietnam¡¯s high value-added infrastructure projects, including high-speed, medium-capacity, and metro rail projects