The event aims to establish policy networks between experts on diplomacy and security of the two sides.

To be co-hosted by the Korea National Diplomatic Academy and the Diplomatic Academy of Vietnam, the dialogue will be held in a blended online format given that a face-to-face meeting is not possible due to the global spread of the COVID-19, the ministry said.

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At the meeting, the participants will have discussions on assessments and prospects for the regional strategic landscape, including growing strategic competition between the U.S. and China, amid the spread of the COVID-19; the way forward for upgrading the RoK’s New Southern Policy; and ways to increase cooperation between the RoK and ASEAN.

The RoK was ASEAN’s fifth largest trade partner and seventh biggest investor in 2019, with two-way trade reaching USD 156.5 trillion, making up 5.6 percent of ASEAN’s total trade transaction value with external partners.

The RoK’s foreign director investment (FDI) in ASEAN stood at USD 2.6 billion, accounting for 1.6 percent of the total FDI poured in the grouping.

Source: VNA