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Vietnam Prez Lee Jae Myung to Host South Korean Leader
16 Apr
Summary
- President To Lam to host South Korean President Lee Jae Myung next week.
- Meeting scheduled for April 23, with potential for cooperation agreements.
- Samsung delegation accompanies Lee, discussing semiconductor factory investment.
Vietnam's President To Lam is scheduled to host South Korean President Lee Jae Myung in Hanoi next week, with the meeting anticipated on April 23. This visit is significant as it will be the first by a foreign leader to Vietnam since Lam assumed the presidency.
President Lee will be accompanied by a substantial business delegation, including representatives from Samsung. The discussions are expected to result in the signing of government cooperation agreements. South Korea, a major investor in Vietnam, is particularly interested in infrastructure projects like railways and nuclear power.
Samsung is reportedly in advanced talks with Vietnamese authorities to establish a semiconductor testing and packaging facility. While specific investment figures have not been finalized, the potential outlay could be substantial and expand over time. This meeting represents the leaders' second encounter in approximately eight months.
