Seoul (VNA) – The Ministry of Small- and Medium-sized Enterprises and Startups (MSS) of the Republic of Korea on July 10 signed a tripartite memorandum of understanding with Lotte Mart and Lotte Global Logistics to support Korean SMEs to export products to Vietnam.
Accordingly, qualified products of Korean SMEs will be supported to be sold at Lotte Mart Vietnam while Lotte Global Logistics will transport the products with its lowest international shipping rates.
Under the MoU, the three sides agreed to establish a cooperation system and support the export of high-quality products of Korean SMEs.
The MSS planned to organise a promotional even called “Companion Festival” in September to stimulate the consumption of excellent Korean products in Vietnam with the support of Lotte Mart and Lotte Global Logistics.
Meanwhile, SMEs will receive consultations from logistics experts to establish logistics strategies that are cost-effective and suited to the products’ characteristics. If needed, logistics services such as storage, management and delivery of products will be provided through overseas warehouses owned by Lotte Global Logistics./.
