Politics

Da Nang-RoK trade ties blossom

The central city of Da Nang has seen rapid developments in trade relations with the Republic of Korea (RoK), with two-way trade reaching 82.5 million USD last year.
The central city of Da Nang has seen rapid developments in traderelations with the Republic of Korea (RoK), with two-way tradereaching 82.5 million USD last year.

The information was released at a Da Nang-RoK investment promotion seminar held in the Vietnamese city on December 5.

At present, there are 35 valid RoK projects in Da Nang city with atotal investment capital of 705 million USD. They focus on real estate,garment and footwear.

In 2012, 12 representative offices of RoK businesses were set up in Vietnam .

Last year, two-way trade between Vietnam and the RoK hit a recordturnover of 21.7 billion USD, up from the previous year’s figure of 18.6billion USD.

The Korean investment in Vietnam has so far amounted to 25.7 billion USD.-VNA
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