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South Korea, Vietnam Deepen Partnership With 12 MOUs and a Push on Nuclear Energy

Hanoi signaled openness to Korean roles in energy and infrastructure.

Overview

  • President Lee met Prime Minister Le Minh Hung and the National Assembly chairman Thursday, following Wednesday's summit, and sought Korean access to flagship projects while asking for fixes to tax and regulatory hurdles faced by Korean firms.
  • The two governments signed 12 memorandums that span nuclear power, electricity infrastructure, science and technology, culture, health services, and water security.
  • Vietnam’s top leader To Lam welcomed Korean participation in a possible nuclear program, and KEPCO and a Vietnamese state energy group inked MOUs to launch feasibility and financing studies for potential projects.
  • Both sides advanced a critical minerals plan that includes a joint technology center funded by a five‑year, 16.6 billion won aid program running from 2025 to 2029.
  • A business forum drew leaders from Samsung, SK, LG, Lotte, POSCO and others as dozens of corporate deals were expected, including rail rolling stock for Ho Chi Minh City, to strengthen supply chains for rare earths and urea solution used to cut diesel emissions.