Prospects for Developing Economic, Trade and Investment Cooperation between Vietnam and Korea in the Coming Years

This study examines the evolving economic relationship between Vietnam and the Republic of Korea, analyzing current trade patterns, investment flows, and future cooperation prospects through 2030. With bilateral trade reaching $81.8 billion in 2024 and South Korea being Vietnam's largest cumulative foreign direct investor with $92 billion in total registered capital, the partnership has transformed from labor-intensive manufacturing to high-technology sectors including semiconductors, renewable energy, and artificial intelligence. Both nations have set ambitious targets to increase bilateral trade to $150 billion by 2030, supported by the comprehensive strategic partnership established in 2022. This research employs quantitative analysis of trade data, sectoral investment patterns, and policy frameworks to assess cooperation prospects. Key findings indicate significant growth potential in emerging sectors, with Korean investments shifting toward advanced manufacturing, green energy, and digital technologies. The study identifies critical challenges including infrastructure development, skilled workforce requirements, and regulatory harmonization, while highlighting opportunities in semiconductor manufacturing, renewable energy projects, and smart city development. Policy recommendations emphasize the need for enhanced technological cooperation, streamlined investment procedures, and coordinated industrial development strategies to achieve the ambitious bilateral targets.