SEOUL (Reuters) -South Korea and Vietnam will pledge deeper economic and strategic cooperation when their leaders hold a summit on Monday as the former Cold War-era foes seek to leverage their business ties to navigate a challenging global trading environment.

South Korean President Lee Jae Myung hosts Vietnamese leader Lam To as his first state guest since taking office on June 4 and will discuss promoting trade and investment in the Southeast Asian country, Lee’s office said.

Lam, who is the Vietnamese Communist Party general secretary, leads a delegation of industry, trade, foreign and technology ministers and senior party and parliament members on the four-day state visit.

The countries plan to sign at least 10 memoranda of understanding at the summit meeting, pledging cooperation i

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