South Korea, Vietnam Eye Doubling Trade to $150 Billion by 2030
South Korea and Vietnam have agreed to work towards doubling their bilateral trade to $150 billion annually by 2030. This agreement was reached during a meeting between the top leaders of the two countries. The primary goal is to mitigate the impact of the tariffs imposed by former US President Donald Trump on both countries, which are major exporters. The two Asian nations are seeking to strengthen their economic ties and expand their trade relationship to offset the challenges posed by the tariffs. This move is seen as a strategic effort to diversify their trade and reduce their reliance on the US market. The agreement highlights the growing economic cooperation between South Korea and Vietnam, two of the major players in the global export market.
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