Vietnam

BANGKOK — With summer around the corner, soaring prices and other complications from the war with Iran are straining the tourism-dependent economies of Cambodia, Thailand, Vietnam and other countries in Southeast Asia.

The region’s peak tourist summer season is at risk as elevated jet fuel costs coupled with ceasefire uncertainties prompt flight cancellations and higher ticket prices.

Tourism in Asia has yet to fully recover from the COVID-19 pandemic. Now, many countries are coping with the war’s repercussions on global energy supplies and prices, which hit Asia first and hardest. Some families are pulling back on travel as gas and groceries get more expensive worldwide. Crowds have thinned at some places once synonymous with travel.

“With gasoline prices rising and tourism declining, how can we make money?” asked Siv Pech, a 58-year-old rickshaw driver in Siem Reap, home to Cambodia’s centuries-old Angkor Wat temple complex.

Tourism is an economic lifeline for many developing nations. It contributes nearly 13% of gross domestic product in Thailand and nearly 9% in Vietnam, and it underpins millions of jobs in Cambodia. Travelers bring in much-needed foreign currency for import-dependent economies such as the Philippines and Nepal.

Those tourism dollars are more crucial than ever as war-driven spikes in oil prices push up the cost of fuel imports, especially for parts of the world that relied on the Strait of Hormuz off Iran’s coast as a conduit for much of their oil and gas. Iran essentially shut down the strait to commercial traffic after the U.S. and Israel launched the war more than three months ago.

The war will determine which tourism businesses can survive long enough to benefit from the eventual return of travelers, said Jitsai Santaputra of the Lantau Group, an energy industry consulting firm. “This, happening within five years of each other, first the pandemic and now the war, is horrible for the tourism industry,” she said.

Travel costs

Jet fuel shortages and surging costs have led Vietnam Airlines, the Malaysia-based AirAsia group, Hong Kong’s Cathay Pacific and other carriers to cut flights or otherwise adjust schedules.

European carriers face a squeeze for similar reasons.

Airspace closures across the Persian Gulf early in the war and the intermittent closures of certain Persian Gulf airports cut off key layover locations for Asia-bound flights or forced commercial airplanes to take longer, costlier routes.

Airfares have jumped, with airlines such as Air India and Cathay Pacific implementing sharp increases in fuel surcharges.

Cathay Pacific’s fuel surcharge for medium-haul flights has jumped to $80, up from $34 before the war. For long-haul flights, it increased to $174, up from $73.

“Jet fuel prices remain at highly elevated levels” and have increased cost pressures, said Lavinia Lau, Cathay’s chief customer and commercial officer. Travelers are booking closer to their departure dates, she said, indicating growing unease.

Sandra Awodele, a freelance travel writer in the Washington area, often plans year-round international trips and hoped this summer would be when she finally crossed off Asia from her bucket list.

In March, she began planning a long-awaited vacation to Thailand, envisioning one to two weeks of exploring. Her plans hit a wall when she checked airfares.

“I looked at flight options and that’s where it ended,” Awodele said.

On the ground, rising fuel costs in tourism-dependent Southeast Asia are squeezing taxi and ride-hailing app drivers.

Pech, the Cambodian rickshaw driver, said he used to earn up to $20 a day toting tourists around Siem Reap. That’s plummeted to about $5 a day.

His gas bill eats half of that. The rest goes to food. “Some days, I don’t earn even a cent,” he said.

Slow summer expected

Tourism is vital for many regional economies, accounting for nearly 11% of economic activity in the Assn. of Southeast Asian Nations in 2019, according to the World Travel and Tourism Council.

An analysis by Moody’s Analytics estimated effects from the war would probably reduce economic growth across the Asia-Pacific region by 0.1 to 0.4 percentage points in 2026.

“The conflict will weigh on growth mainly through higher production costs and consumer prices, along with weaker external demand from trade and tourism,” said Albert Park, chief economist at the Asia Development Bank.

Higher airfares and weaker travel confidence can quickly spill over into household livelihoods and public revenues in economies where visitor arrivals are a major source of jobs, income and foreign exchange, according to a recent report by the United Nations Development Program.

Travel is often the first expense people cut when the economy worsens, said Le Tuyet Lan, who runs bed-and-breakfast properties in Vietnam’s Hanoi and Ho Chi Minh City.

In times of crisis, luxury travelers tend to shift toward mid-range options, mid-range travelers move toward budget hotels, and the cheapest tier of the market becomes the most vulnerable.

“This will disrupt the whole industry,” she said.

‘We are feeling it’

Tourism in Thailand is “a big industry and we are feeling it,” said Santaputra with the Lantau Group in Bangkok, one of Southeast Asia’s most visited cities.

The number of visitors to Thailand fell 7% year-on-year in April, while European arrivals fell almost 16% and Middle Eastern arrivals sank 57%, according to the Ministry of Tourism and Sports.

In neighboring Cambodia, Sokha Sambo, owner of the popular Sambo Khmer & Thai Restaurant in Siem Reap, said the rising price of liquefied petroleum gas used for cooking has strained her budget, hindering her ability to dish out her signature green curries.

“I’m worried about gas and goods inflation. It makes the business less profitable and difficult to cover employees’ salaries,” said Sambo, who has 14 staff members.

In the first four months of 2026, the number of recorded international and domestic visitors to Siem Reap dropped by 37.5% compared with the same period last year, according to the province’s tourism department.

“This has greatly affected all of us,” Sambo said.

Delgado and Chan write for the Associated Press and reported from Bangkok and Hong Kong, respectively. AP writers Aniruddha Ghosal in Hanoi and Rio Yamat in Las Vegas and freelance journalist Sinorn Thang in Phnom Penh, Cambodia, contributed to this report.

May 3 (Asia Today) — Japan and Vietnam agreed to deepen cooperation across key economic security sectors, including energy, critical minerals, semiconductors, artificial intelligence and space, as Tokyo seeks to strengthen supply chains and reduce reliance on China.

Prime Minister Sanae Takaichi met with Vietnam’s top leadership, including Communist Party General Secretary and President To Lam and Prime Minister Le Minh Hung, during her visit to Hanoi. After the meetings, she said both countries had designated economic security as a top priority in bilateral cooperation.

According to Vietnamese media and Reuters, the two countries agreed Saturday to elevate their comprehensive strategic partnership and signed six memorandums of understanding covering technology, climate response and information and communications.

Energy cooperation at the forefront

A key outcome was in energy. Vietnam said Japan will support crude oil supplies to the Nghi Son refinery through a $10 billion “Power Asia” initiative aimed at strengthening energy resilience in the region.

The program, introduced by Takaichi last month, is designed to help Southeast Asian countries affected by disruptions in the Strait of Hormuz by supporting oil procurement, storage and supply chain resilience.

Japan’s Idemitsu Kosan has already decided to send about 4 million barrels of crude oil to Vietnam via routes that bypass the Strait of Hormuz. The shipment, equivalent to about 10 days of refinery operations, followed a request from Vietnam earlier this year.

Strategic message on China

In a speech at Vietnam National University, Takaichi emphasized the risks of overdependence on a single country for critical supplies, a remark widely interpreted as targeting China.

“Overreliance on one country often stems from abnormally low prices,” she said, calling for a “level playing field” in global trade.

She also stressed that regional supply chains depend on secure and open sea lanes, referencing both the Strait of Hormuz and the South China Sea.

The speech reaffirmed Japan’s vision of a “free and open Indo-Pacific,” a framework originally proposed by former Prime Minister Shinzo Abe and now updated for what Takaichi described as a more challenging global environment.

Expanding cooperation in critical minerals

The two countries also agreed to expand cooperation on critical minerals, as Japan seeks to diversify supply chains heavily dependent on China.

Vietnam holds significant reserves of rare earth elements and gallium but lacks refining capacity, leaving it reliant on Chinese processing. Strengthened cooperation could help Japan secure alternative supply sources.

Japan remains one of Vietnam’s largest economic partners, with bilateral trade exceeding $50 billion last year. It is also Vietnam’s largest provider of official development assistance.

Takaichi highlighted Vietnam’s growing role in global manufacturing, citing production of Apple AirPods and Nintendo Switch devices, as part of efforts to encourage renewed Japanese investment.

She is scheduled to travel to Australia next, where she will meet Prime Minister Anthony Albanese to mark the 50th anniversary of bilateral relations and upgrade ties to a “special strategic partnership.”

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260503010000231

Takaichi signs six agreements with Vietnam, including on technology, agriculture and space, during a trip to Hanoi.

Japan’s Prime Minister Sanae Takaichi says the country will boost ties with Vietnam, with a focus on energy and critical minerals.

Takaichi met her Vietnamese counterpart, Le Minh Hung, on Saturday in Hanoi, where they signed six agreements on issues ranging from infrastructure to agriculture to space cooperation.

“The two sides identified economic security as a new priority area for bilateral ‌cooperation,” Takaichi told reporters after the meeting.

“With regard to critical minerals … both sides agreed to strengthen close coordination to ensure stable supplies and reinforce supply chains,” she added.

Hung said the two leaders also “reaffirmed the importance of resolving disputes in the South China Sea through peaceful means based on international law”.

Japan and Vietnam share concerns about China’s territorial claims in the East and South China Seas, and both have sought to hedge against United States-driven trade disruptions by broadening economic and security ties.

Crude oil supplies

The push for deeper cooperation between the two states comes after ⁠new investment in Vietnam from Japan, one of its largest foreign investors, fell about 75 percent year-on-year to $233m in the first quarter, even as bilateral trade rose 12.3 percent to $13.7bn over the same ⁠period, according to Vietnamese government and customs data.

Vietnam ⁠has been seeking support from Japan and other countries ⁠for oil supplies as conflict in the Middle East drives prices higher and disrupts supply chains.

Under the $10bn Power Asia Initiative to support Asian countries’ energy self-reliance, Japan will assist in arranging crude oil supplies ⁠for Vietnam’s Nghi Son Refinery and Petrochemical Complex, Hung said.

Takaichi was also set to meet President To Lam, who is also the general secretary of the Communist Party of Vietnam, on Saturday afternoon and deliver ⁠a keynote speech at Vietnam National University, marking a decade since former Prime Minister Shinzo Abe introduced Japan’s “Free and Open Indo-Pacific” strategy.

WASHINGTON — If agony in high places is any measure, the war in Bosnia is already President Clinton’s Vietnam.

The President says that it is the issue he cannot stop worrying about at the end of the day; he takes the problem home at night and hashes it over with his wife, Hillary Rodham Clinton. The tragedy in the Balkans is “not only heartbreaking,” he said this week, “it’s infuriating.”

And Secretary of State Warren Christopher, a notably unemotional man, throws up his hands at the subject. “This is a problem from hell,” he declared. On Wednesday, Christopher met privately with author and Holocaust survivor Elie Wiesel to discuss the issue’s moral implications.

Clinton’s advisers have huddled for hours over the last three weeks to thresh out options for diplomatic and military action–and still have not reached a decision.

Like Lyndon B. Johnson, whose presidency was wrecked by the American military intervention in Vietnam, Bill Clinton faces an agonizing conflict between his international ideals and the potential cost of achieving them.

Beginning in last year’s presidential campaign, Clinton declared that the United States had a responsibility to stop the onslaught of Bosnia’s Serbs against the republic’s other ethnic groups, the Croats and Muslims. “We have an interest in standing up against the principle of ‘ethnic cleansing’ . . ,” he said earlier this month. “If you look at the other places where this could play itself out in other parts of the world, this is not just about Bosnia.”

Yet the President’s attempt to stop the Serbs through diplomatic pressure has failed. So Clinton, only three months into his presidency, faces an unpalatable choice between escalation and retreat–that, and a swelling national debate over the limits of American responsibility.

Since the fall of Saigon in 1975, Americans have argued over every potential military intervention in terms of Vietnam, whether the battlefield was Lebanon, Central America, the Balkans and even Desert Storm in its early days. Is Bosnia another quagmire, a war America should not enter because its price in blood will inevitably run too high? Or is it, as Christopher has asked, another Holocaust–a tragedy America must stop because the cost in innocent lives–and to America’s moral conscience–is too great to ignore?

All historical analogies are inexact, of course. But Vietnam and the Holocaust are the twin phantoms that haunt the Clinton Administration’s debate over what to do in the Bosnian highlands.

Last week, at the opening of Washington’s new Holocaust Memorial Museum, Clinton found himself confronted directly with one of history’s unwelcome ghosts, when Wiesel appealed to him to stop the war in Bosnia: “Something, anything must be done,” Wiesel pleaded.

At the same time, members of Congress and senior military officers are increasingly warning of the other pitfall. “All of us want to stop the tragedy in Bosnia,” said Sen. John McCain (R-Ariz.), a former pilot who spent five years as a prisoner of war in North Vietnam. “But . . . I’m not willing to risk another Vietnam.”

Clinton has tried to defuse such fears by promising that he is only considering the use of air power in Bosnia, not the introduction of ground troops. Responds McCain, “The fact is, militarily, if you want to affect the situation, you have to inject massive (numbers of) ground troops.”

The President and his advisers do not like the Vietnam analogy but they cannot escape it. Their own careers, their ways of thinking, were forged in the crucible of the nation’s longest war.

White House National Security Adviser Anthony Lake resigned his first White House job–under Richard M. Nixon, in 1970–to protest the relentless escalation of the war. Defense Secretary Les Aspin served as a young Army lieutenant on the Pentagon staff that planned the conflict. Secretary of State Warren Christopher, then a Justice Department official, was assigned to quell the sometimes-violent protests that followed.

And Clinton spent his college years struggling with the issue of the war–whether to volunteer, to resist the draft or, as he finally chose, to maneuver his way out of military service.

On the ground, diplomats and military experts say, Bosnia is not much like Vietnam at all–except, perhaps, for its mountains. In Vietnam, the United States faced a well-armed guerrilla army hardened by years of war against the colonial French. In Bosnia, the Serb militias are said to be ill-trained and ill-disciplined, and their weapons, while effective against their lightly armed Muslim foes, would have little effect against U.S. air power.

In Vietnam, the Communists had an important strategic ally in the Soviet Union. “That had a restraining influence on Johnson, who didn’t want to risk a nuclear confrontation with Moscow,” noted Patrick Glynn of the American Enterprise Institute. “The Serbs don’t have a big brother with nuclear weapons.”

Where the Vietnam analogy is most telling, officials said, is not in the hills of Bosnia but in the corridors of official Washington. Once again, an Administration is thinking about intervention in a tangled civil war–and hoping to find a low-cost way to do it.

“Are we looking at a pattern of decision-making that looks like Vietnam?” asked Glynn, who has advocated military intervention in Bosnia. “I worry that the Administration is falling into an old pattern–a gradualist approach that commits us to action but takes only small steps that don’t solve the problem.”

“The idea of taking only intermediate steps is very dangerous,” agreed John Steinbruner of the Brookings Institution.

“I really do sympathize with Clinton’s dilemma,” he added. “This could blow him out of the water. But I don’t think he can stay out and get away with it. And I don’t think he can do it the easy way. I’m afraid he’s going to have to organize an international coalition and intervene in a big way.”

So far, no one in the Administration has publicly called for that kind of massive intervention, which would presumably include the use of U.S. and allied ground troops. Instead, Clinton and his Cabinet appear closely divided over more limited options–principally, lifting a U.N. embargo to allow the Bosnian Muslims to import weapons and launching air strikes against the Serbs to stop their offensive and force them back to peace talks.

Clinton himself initially tried to stay away from the issue, aides said, hoping he could avoid being diverted from his ambitious domestic agenda. But in recent weeks, he has reluctantly concluded that he cannot escape. “I think it is a challenge to all of us . . . to take further initiatives in Bosnia,” he declared at the Holocaust museum last week. “I accept it.”

And Clinton has accepted the argument that a small, symbolic military action would be worse than none at all. “That shouldn’t be done just to say that people . . . will feel better that we did something,” he said in an interview with the Boston Globe earlier this week.

But he has not worked out how to enforce those high principles in practice. “The essence of the matter isn’t just punishing the Serbs. It’s establishing a principle that this is a breakdown in the world’s civil order and the world has to respond,” said Steinbruner.

Clinton, Christopher and others like to note that the dilemma in Bosnia is one that they inherited from the previous Administration of President George Bush.

But that is becoming cold comfort, as the problem rapidly becomes theirs as well.

“If Bush were in power, he’d be facing the same problems,” Steinbruner noted. “But Bush ignored the problem. The Democrats are reacting the way they do because they have a harder time writing these things off. They’re less ruthless about it. They worry more about the moral questions in foreign policy . . . and so they fall into the natural trap of trying to do something, but not too much.”

April 30 (UPI) — On this date in history:

In 1789, George Washington was inaugurated as the first president of the United States.

In 1803, the United States more than doubled its land area with the Louisiana Purchase. It obtained all French territory west of the Mississippi River for $15 million.

In 1812, Louisiana entered the union as the 18th U.S. state.

In 1927, Douglas Fairbanks and Mary Pickford became the first movie personalities to leave their footprints in concrete at Grauman’s Chinese Theater in Hollywood.

File Photo by Jim Ruymen/UPI

In 1939, Franklin D. Roosevelt became the first U.S. president to appear on television when he was shown on opening day at the New York World’s Fair.

In 1945, the burned body of Nazi dictator Adolf Hitler was found in a bunker in the ruins of Berlin.

In 1948, 21 countries of the Western Hemisphere formed the Organization of American States.

In 1967, Muhammad Ali was stripped of his world heavyweight boxing championship title after he refused to be drafted into the U.S. military.

In 1975, South Vietnam unconditionally surrendered to North Vietnam. The communists occupied Saigon and renamed it Ho Chi Minh City.

In 1997, Ellen DeGeneres’ character came out as gay on the popular sitcom Ellen, making it the first sitcom to feature a gay leading character. The local ABC affiliate in Birmingham, Ala., refused to air the episode so gay rights advocates arranged for a satellite downlink to beam the show.

In 1993, tennis star Monica Seles was stabbed and injured by a self-described fan of Steffi Graf during a break between games in a match against another player in Hamburg, Germany. Seles, who won nine grand-slam singles titles in her career, was out of competitive tennis for more than two years after the attack.

In 2006, rebel factions in Sudan rejected a peace agreement in the Darfur conflict. Officials estimated the fighting had killed at least 180,000 people and driven more than 2 million from their homes.

File Photo by Debbie Hill/UPI

In 2009, Chrysler filed for bankruptcy protection in a key move of a restructuring plan backed by the Obama administration.

In 2012, Israel began construction of a wall that would be 23 feet high and less than a mile long on its border with Lebanon. Security officials said the concrete wall would protect residents in the Matulla area from sniper fire from nearby Lebanese villages.

In 2013, Queen Beatrix, the 75-year-old monarch of the Netherlands, signed a formal declaration abdicating in favor of her eldest son, Willem-Alexander, 46, who became the country’s first king in 123 years.

In 2019, Japanese Emperor Akihito, 85, formally abdicated his throne, becoming the nation’s first monarch to step down in 200 years. His son, Crown Prince Naruhito, ascended to the throne, starting the Reiwa era.

In 2022, country legend Naomi Judd, one half of duo the Judds, died at the age of 76.

File Photo by Frederick Breedon/UPI

It’s best known for its mighty concrete jungle, but Chris Granet discovers Hong Kong’s greener side, with forested peaks to hike and pristine coastline and islands to explore

The sunshine glittered off the jade waters as we chugged gently out of the busy harbour. Surrounding us were dozens of traditional fishing boats, like the one I was on. Surrounding them was a horizon full of hills, soaring out of the sea and carpeted in lush forests.

Our destination was Sharp Island in the distance, a tiny coral-encircled gem that could’ve been Thailand, Vietnam, or any remote region of Southeast Asia. Surprisingly, I was in Hong Kong. I say that surprisingly because when you think of Hong Kong, you think of the typical Asian megacity. Dense urban living. High-rises and hustle. Manic traffic and neon nightscapes. All of which are true of Hong Kong, and fantastic to experience, but what most people don’t realise is that you can also get off the beaten track within minutes and find pristine nature and beaches.

Formed by supervolcanic eruptions, the territory comprises 430 subtropical square miles across 263 islands, endless peninsulas, and swathes of craggy mainland. Nestled at the heart of this is the main Hong Kong Island and city, which for me has to be one of the world’s best cities for natural settings. However, it’s far from remote – it’s the fourth most densely populated region in the world, with 7.5 million residents. Everywhere you look in the city are tightly packed groves of skinny tenement blocks. It’s like nowhere I’ve ever seen. “We have very little flat land here,” explained our guide. “Most of it is made from demolished hills or reclaimed from the sea – we have to build upwards, not outwards.” But this also means 53% of the land is still forest, with 40% designated as country parks.

The quickest way to experience this would be to journey up Victoria Peak, which stretches up behind the city but is usually obscured by the vertiginous towers. We headed over to the Peak Circle Walk, which gently loops around the summit, on a stroll that encompassed tranquil woodlands and cinematic views of the world-famous skyline and bay below. Magnificent. If you want to avoid the crowds, then there are several trails back down to the city, which are made all the more pretty in the evening once the towers start turning on their technicolored light shows. Hong Kong Island’s southern side is another quick escape into nature, with curving coastal roads, low-rise neighbourhoods, cute coves, and those ubiquitous jungled hills.

It was a gloriously sunny day when I walked the Dragon’s Back trail on the most southeastern peninsula. The name is attributed to the ridge rolling between gentle peaks that resembles the mythical creature’s spine, tumbling down to a bay on one side, and the sea on the other. Despite it being November, it felt like summer as we then made our way down through the woodlands to Big Wave Bay, a glorious golden arc of sand that’s just one of over 100 beaches in the territory. We sat and had a light lunch and a glass of vino in the shade of an outdoor cafe while watching the surfers ride the crashing waves. Bliss.

Nearby, giant Lantau Island has plenty of options. Connected to the mainland by bridges, it’s home to the massive airport – but I took a different sky ride in the glass-bottomed Ngong Ping 360 cable car. It whisked us up and away from a generic concrete suburb over swathes of that lush greenery to the lofty Po Lin Buddhist monastery. The walk from the cable car terminal to the monastery was lined on both sides with tourist shops – not quite the spirit of immaterialism Siddhartha had intended, but handy for those, like me, in need of another coffee. The ornately pretty monastery is famous for its large seated Buddha statue, which we reached via a long flight of stairs as breathtaking as the panoramic views at its summit. On the coastline nearby is the picturesque fishing village of Tai O, with scores of ramshackle wooden houses precariously propped up on stilts on the sides of a little estuary. It was all very quiet as we wandered its maze of backstreets, feeling a hundred miles and years from Hong Kong city. But it perked up as we reached its busier center, and at The Crossing Boat restaurant overlooking the river, we sat at a spinning table and shared a sizzling seafood lunch. Prawn, scallops and fish all locally caught, plus an array of Cantonese stir fries.

If you want proper pristine, then head up to the 58 square mile Hong Kong Unesco Global Geopark on a wild peninsula, with a cluster of islands fanning out from the mainland. It’s the epicentre of the volcanic drama that shaped the region, sculpting surreal honeycombed sea caves, hexagonal rock columns and sheer cliffs, softened over the eons by ocean erosion and dusted with white sand beaches. Truly spectacular. It’s here that Sharp Island is located. It’s easily accessible from the chirpy tourist town of Sai Kung, with its busy harbourfront heaving with seafood restaurants and boat crews clamouring to offer you tours and rides to the many destinations around the Geopark. The usual price for a return ticket to Sharp Island is 50-60 Hong Kong dollars per person (approx £6), but our group of six paid 150HKD pp (approx £15pp) as we chartered the whole boat. Said boat was a little wooden fishing vessel, like most of the others in the harbour, all prettily painted in nautical blues and greens.

I sat perched at its front basking in the high sun for the 15 minutes it took to chug over to the little island’s southern tip. There, our surly boatman dropped us off, then made his way to the northern tip, where he collected us up later. We hiked the 1.5 mile long trail, a ridge walk similar to Dragon’s Back, offering more postcard-worthy views. Branching off Sharp’s northwestern shore is its Instagram-famed bar of shingle and rock that connects it to Kiu Tau islet. It’s only visible during low tide and was sadly in the process of being re-swallowed by the sea as we arrived.

Further offshore are plenty of snorkelling opportunities as, incredibly, Hong Kong is home to more coral species than the entire Caribbean combined, as well as over a quarter of all of China’s marine biodiversity.

Back at Sai Kung harbour, we indulged in more sizzling seafood, with hearty dishes big enough to share, like the fully stacked braised crab roe and shrimp casserole, at a reasonable £10 a pop. Very nice indeed. As I sat digesting our meal, staring out to sea and watching the Saturday afternoon crowds ambling through the sunshine, it was easy to forget that I was still in the midst of a roaring megametropolis.

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April 22 (Asia Today) — South Korean President Lee Jae-myung held summit talks with Vietnam’s top leader on Tuesday to strengthen cooperation in nuclear energy, infrastructure and supply chains, as both countries seek to navigate rising global uncertainties.

Lee met with To Lam in Hanoi during a state visit, where the two sides discussed expanding strategic cooperation across key sectors, including energy security and critical minerals.

The talks come as prolonged conflict in the Middle East heightens concerns over global energy supply disruptions, prompting both countries to pursue more resilient and diversified supply chains.

South Korea and Vietnam, each among the other’s top three trading partners, agreed to deepen cooperation not only in trade and investment but also in nuclear power, infrastructure, defense and other strategic industries.

The two countries have set a goal of increasing bilateral trade from $94.6 billion in 2025 to $150 billion by 2030.

Lee is expected to express support for South Korean companies seeking to participate in major Vietnamese infrastructure projects, including a new urban development project valued at about 1.1 trillion won ($740 million) and a new airport project estimated at 102.7 billion won ($69 million).

The leaders are also expected to discuss expanding cooperation in science and technology, climate response, artificial intelligence semiconductors and cultural industries, as well as boosting people-to-people exchanges such as tourism.

Ahead of the summit, Lee said relations between the two countries had reached a “comprehensive strategic partnership” following the 30th anniversary of diplomatic ties in 2022.

“Through this visit, we aim to further develop our highest-level cooperation into a more future-oriented and strategic partnership,” Lee said during a meeting with Korean residents in Vietnam.

Lee also paid tribute at the mausoleum of Ho Chi Minh before the summit and is scheduled to attend a state banquet hosted by the Vietnamese leadership.

On Wednesday, Lee is expected to meet Vietnam’s prime minister and National Assembly chair, and attend a business forum with executives from major South Korean conglomerates, including Lee Jae-yong, Chey Tae-won and Koo Kwang-mo.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260422010007161