Why Korea and Vietnam Are Getting Closer Than Ever

This week, Lee Jae-myung, President of South Korea, visited Vietnam—an event that highlights just how strong the relationship between the two countries has become.

But this isn’t just about diplomacy.
Korea and Vietnam are now deeply connected through business, people, and culture.

📊 A Fast-Growing Partnership

South Korea and Vietnam established diplomatic relations in 1992.
Since then, their relationship has grown rapidly.

Today:

  • Vietnam is one of Korea’s key trading partners
  • Korea is one of the largest foreign investors in Vietnam
  • People-to-people exchanges continue to rise every year

This makes Vietnam one of the most important countries for Korea in Southeast Asia.

🏭 Korean Companies in Vietnam

Korean companies play a major role in Vietnam’s economy.

Some of the biggest names include:

  • Samsung Electronics – operates large-scale manufacturing hubs
  • LG Electronics – produces home appliances and components
  • Lotte Group – active in retail and real estate
  • CJ Group – focuses on food and entertainment

These companies contribute significantly to job creation and exports in Vietnam.

🚄 Big Projects: The 100 Billion Dollar Railway

One of the most exciting developments is Vietnam’s plan to build a high-speed railway connecting:

  • Hanoi
  • Ho Chi Minh City

Key facts:

  • Total length: about 1,540 km
  • Estimated cost: around $100 billion
  • Target completion: around 2035

Countries like Japan, China, France—and Korea—are all competing for this project.

Korea is participating through a “one-team” strategy involving:

  • Korea Railroad Corporation
  • Korea Rail Network Authority
  • Hyundai Rotem

👥 Strong People-to-People Ties

The human connection between the two countries is also growing fast.

  • Over 150,000 Koreans live in Vietnam
  • Over 200,000 Vietnamese live in Korea
  • Includes workers, students, and multicultural families

This creates a strong foundation beyond just business and politics.

📚 Why So Many Vietnamese Are Learning Korean

Korean is becoming one of the most popular foreign languages in Vietnam.

Why?

  • Job opportunities with Korean companies
  • Study abroad programs in Korea
  • Cultural interest

Institutions like King Sejong Institute are expanding Korean language education across the country.

🎬 The Power of Korean Culture

Korean culture plays a big role in this relationship.

K-pop, Korean dramas, and movies are widely popular in Vietnam.

This leads to:

  • Increased interest in learning Korean
  • Growing demand for Korean products
  • More tourism between the two countries

🌏 What This Visit Means

The visit by Lee Jae-myung is more than a formal event.

It reflects:

  • Strong economic cooperation
  • Expanding infrastructure partnerships
  • A long-term strategic relationship

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