RoK firms see Vietnam as potential market
Ho Chi Minh
City (VNA) – Industrial and agricultural firms from the
Gyeongsangbuk province of the Republic of Korea see Vietnam as a great
potential market for their products, according to the province’s Vice Governor.
Addressing a trade
seminar in HCM City on November 2, Vice Governor Woo Buyng Yoon said Gyeongsangbuk
province is the largest farm produce granary in the RoK with around 200 kinds
of products.
Woo said Vietnam
attracts RoK firms as the country has one of the highest growth rate in Southeast
Asia region, along with a big population is big and fast growing consumption
demand.
Vietnam can also
be a gateway to other countries in the ASEAN region, he said.
Nearly 30 RoK firms
operating in agricultural products, health food, and cosmetics introduced their
products at the seminar and answered questions from Vietnamese enterprises to
seek import partners and distributors.
Tran Ngoc Liem,
Deputy Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s office
in HCM City, said RoK products have both high quality and attractive packaging.
Products from
the RoK will help diversify goods in Vietnam, putting pressure on Vietnamese
enterprises to reform technology, improve quality and boost competitiveness of
Vietnamese goods, Liem added.
In recent years,
Vietnam-RoK trade exchange has grown strongly with two-way trade value expected
to hit 40 billion USD in 2016.-VNA