South Korean President Lee Jae-Myung will host Vietnamese leader To Lam on a four-day state visit starting Monday, as the two countries aim to strengthen economic and strategic ties amid a challenging global trading environment. The summit is expected to result in at least 10 memoranda of understanding, covering cooperation in nuclear energy, renewable energy, monetary policies, financial policies, science and technology, with specific agreements also planned for Vietnam's Southeast Asian location. South Korea and Vietnam will deepen their economic and strategic cooperation during a summit on August 11, with President Lee Jae-myung hosting Vietnamese leader Lam To as his first state guest since taking office. The two leaders plan to sign at least 10 memoranda of understanding, focusing on nuclear and renewable energy, monetary policies, and science and technology. This visit aims to create a favorable environment for South Korean businesses to invest in major infrastructure projects in Vietnam, particularly in the fields of nuclear energy and LNG power plants. Major companies like Samsung Electronics have already benefited from Vietnam's lower labor costs and tax incentives, but recent US tariffs imposed by President Donald Trump have increased uncertainty over future business commitments.