Korea Expo underway in Hanoi
The Korea Trade Investment Promotion Agency (KOTRA) and the Vietnam National Trade Fair & Advertising JSC (Vinexad) are co-hosting the Korea Expo 2016 in Hanoi from November 30 to December 1.
At the opening ceremony (Source: thanglong.chinhphu.vn)Chairman of KOTRA Kim Jae Hong said the event draws 67 businesses from the Republic of Korea (RoK) along with 65 ASEAN enterprises and 350 Vietnamese ones.
On display are popular made-in-Korea products such as cosmetics, jewelry, fashion items, kitchen-household gadgets, food and beverages, LED devices, kid toys and light industry materials.
Speaking at the opening ceremony, Chairman of the municipal People’s Committee Nguyen Duc Chung said the RoK is the largest investor of Hanoi, with 1,175 projects worth over 5 billion USD by November 2016, making up 31 percent of total valid projects and 20.86 percent of total registered foreign capital in the city.
The projects mainly focus on real estate, health, education, processing-manufacturing, and construction services, he said.
Hanoi is home to six projects worth around 15 million USD funded by the RoK’s official development assistance (ODA). They are being carried out in the fields of vocational training, healthcare, urban management, and infrastructure building.
According to KOTRA, the free trade agreement between Vietnam and the RoK came into force in 2015 with the removal of a number of tax lines.-VNA
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