Business

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.
Trịnh Linh Hà
Korea Expo underway in Hanoi ảnh 1At the opening ceremony (Source: thanglong.chinhphu.vn)
Hanoi (VNA) – The KoreaTrade Investment Promotion Agency (KOTRA) and the Vietnam National Trade Fair& Advertising JSC (Vinexad) are co-hosting the Korea Expo 2016 in Hanoifrom November 30 to December 1.

Chairman of KOTRA Kim Jae Hong saidthe event draws 67 businesses from the Republic of Korea (RoK) along with 65 ASEANenterprises and 350 Vietnamese ones.

On display are popular made-in-Koreaproducts 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, Chairmanof the municipal People’s Committee Nguyen Duc Chung said the RoK is thelargest investor of Hanoi, with 1,175 projects worth over 5 billion USD byNovember 2016, making up 31 percent of total valid projects and 20.86 percentof total registered foreign capital in the city.

The projects mainly focus on realestate, health, education, processing-manufacturing, and construction services,he said.

Hanoi is home to six projects wortharound 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 tradeagreement between Vietnam and the RoK came into force in 2015 with the removalof a number of tax lines.-VNA
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