Businesses anticipate opportunities to increase exports to RoK

Farm produce exporters in Vietnam are being urged to study the Republic of Korea market thoroughly to gain a firm foothold, especially given the two countries recently signed a free trade agreement.
Businesses anticipate opportunities to increase exports to RoK ảnh 1Processing cashew nuts for export (Source: VNA)

Farm produce exporters in Vietnam are being urged to study the Republic of Korea (RoK) market thoroughly to gain a firm foothold, especially given the two countries recently signed a free trade agreement.

According to Vietnamese export businesses, the RoK is a choosy market in Asia since all products allowed to enter the market must overcome a strict quality control process.

According to Le An Hai, Deputy Head of the Ministry of Industry and Trade’s Asian-Pacific Markets Department, fresh fruits and vegetables imported by the RoK must receive plant quarantine certificates issued by the country’s authorised agencies while processed fruits and vegetables must meet requirements on production lines, processing and product preservation.

Unimpressive packing is also affecting the choice of Korean consumers.

As such, Vietnamese businesses need to strictly follow production processes and procedures in accordance with RoK criteria in order to bring their products closer to RoK consumers.

According to Lotte Mart Administration Director Yoon Byung Soo, there are a number of vegetable and fruit varieties available in Vietnam but not in the RoK due to climate dissimilarities.

He suggested Vietnamese exporters pay attention to the RoK market to uncover which products have high demand but insufficient supply, invest more in packaging, and ensure delivery time.

Inviting RoK purchasing companies to inspect Vietnam’s production areas is also a way to increase their trust in local products, he added.

Vietnamese businesses can gain access to the RoK market through the country’s major distribution channels like Lotte Mart and Imart supermarket chains and Dole company, said Hai.-VNA

VNA

See more

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.

A high-tech corn, sorghum and grass farm in Nghe An province (Photo: VNA)

Realising circular economy to achieve sustainable development goals

Developing a circular economy has been recognised as one of the priority directions to achieve overarching goals such as waste management, efficient resources utilisation, environmental protection, disaster prevention, and climate change adaptation in the country's next development phase.

National Highway 61C (Photo; baohaugiang.com.vn)

Hau Giang, JICA to upgrade national highway

National Highway 61C linking Can Tho city with Hau Giang province will feature four lanes for motor vehicles and two for non-motorized traffic, with an estimated cost of over 5.17 trillion VND (206.8 million USD).

At the ceremony (Photo: nhandan.vn)

Ha Nam grants investment certificates for two key projects

Ha Nam province on February 13 licenced the high-precision circuit board manufacturing plant of Red Board Technology (Vietnam) Co., Ltd., and the kitchenware and related metal products manufacturing plant of Casla Kitchenware JSC.