Business

Made-in-Korea products pour into Vietnam

The Vietnamese retail market is still attractive to businesses from the Republic of Korea (RoK), heard a recent workshop in Hanoi.
Made-in-Korea products pour into Vietnam ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The Vietnamese retail market is still attractive tobusinesses from the Republic of Korea (RoK), heard a recent workshop in Hanoi.

GeneralDirector of the Korea Trade-Investment Promotion Agency Park Chulho said the freetrade agreement (FTA) between Vietnam and the RoK took effect in 2015 with severaltax lines removed.

The FTAbetween ASEAN and the RoK has also opened up opportunities for the businesscommunity, especially Vietnam and the RoK, to realise the two-way trade targetof 70 billion USD by 2020, he added.

He citedmore than 170,000 Korean people and 5,500 enterprises living and operating inVietnam, and the RoK is also the third biggest trade partner of Vietnam, afterthe US and China.

Hong Sun,Secretary General of the Korea Chamber of Commerce and Industry, said Vietnamimported 22.4 billion USD worth of goods from the RoK.

Foreign investorsare attracted to the Vietnamese market as they see the country’s potential andrising goods consumption.

Ko Sang Goo,president of the RoK’s K&K trading company, revealed its strategy ofbringing Korean products to Vietnam in the coming years.

He said 67Korean companies will sell products subject to tax reductions under the Vietnam– RoK FTA in the Southeast Asian market at the end of 2016.

This isconsidered a big campaign to make inroads into one of the largest markets inthe region, he added.

Koreanlawyer Choi Jiung said that with current policies, there are plentyopportunities for overseas businesses to penetrate Vietnam.

He urged thetwo sides to optimise the Vietnam – RoK free trade pact for mutual benefits.

SinceSeptember 2016, a series of Korean convenience stores opened in Vietnam, anumber expected to hit 200 in the next five years.

E-Mart,Korea’s No.1 discount store, signed an agreement to inject 4 trillion VND (17.6billion USD) into Ho Chi Minh City to build a large-scale retail network.-VNA
#two-way trade #retail market Korea (RoK) Vietnam
Follow VietnamPlus

Related News

See more

An overview of the meeting between IMF Managing Director Kristalina Georgieva and ASEAN Finance Ministers and Central Bank Governors (Photo: VNA)

Vietnam strengthens financial cooperation at IMF-World Bank annual meetings

The Vietnamese Governor underscored the complementary roles of global and regional financial cooperation mechanisms, including the Chiang Mai Initiative Multilateralisation (CMIM) and the ASEAN+3 Macroeconomic Research Office (AMRO). He also highlighted the importance of technical assistance in fintech, digital transformation, cybersecurity and risk management.

Representatives of the organising committee at the opening ceremony of the fair (Photo: VNA)

Vietnam-Cambodia trade expo promotes bilateral economic cooperation

The Vietnam-Cambodia Business Networking and Product Promotion Exposition has become a key trade promotion event, creating business and investment opportunities while strengthening mutual understanding and trust between the two countries’ armies, people and enterprises.

Vietjet Air’s Airbus A330 taxis at Vaclav Havel Airport in Prague, the Czech Republic. (Photo: VNA)

Vietnam’s airlines expand international networks

The Civil Aviation Authority of Vietnam forecasts that the country’s aviation market will handle 94 million passengers and more than 1.6 million tonnes of cargo in 2026, up 13% and 9.3%, respectively, from 2025.

A representative of Sumika Electronic Materials Vietnam (VSIP Bac Ninh Industrial Park, Tu Son Ward) briefs the delegation from Customs Sub-department Region V on the company's operations. (Photo: báo bắc ninh)

Bac Ninh customs facilitates clearance to boost exports

Pham Chi Thanh, head of Customs Sub-Department Region V, said the unit is focusing resources on developing a digital customs model and streamlining professional procedures to shorten clearance times and reduce costs for businesses while maintaining effective state management.

At the sixth Golden Brand Awards 2026 ceremony (Photo: VNA)

Ho Chi Minh City honours top 50 brands for 2026

The awards aim to recognise brands that can lead their industries, drive innovation and create a ripple effect across the business community, lifting the city’s standing in a new growth stage.

Luxury apartment projects in downtown Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City's housing market sees price stabilisation, sharper buyer segmentation

According to Avison Young Vietnam, improved planning and infrastructure development have helped ease market uncertainty and prevented a complete freeze. More than 25,000 apartments are expected to enter the market in multiple launches between 2027 and 2030, with many projects scheduled to benefit from infrastructure improvements around 2030.

Vietnamese Deputy Minister of Industry and Trade Phan Thi Thang speaks at the forum (Photo: VNA)

Vietnam, Georgia look to more business opportunities

For Vietnamese firms, Georgia can serve as a gateway to broader regional markets, given its strategic location connecting the South Caucasus, Central Asia and China with European markets via the Black Sea.

Chairman of the Vietnamese Business Association in Laos (AVILA) Duong Dinh Bang (Photo: VNA)

PM’s visit injects fresh momentum into Vietnam-Laos special relations

At the 2026 Laos-Vietnam Investment Promotion Conference in Vientiane, the two PMs held direct dialogue with businesses and investors from both countries, affirming their determination to address bottlenecks in institutional frameworks, administrative procedures, transport infrastructure and payment connectivity. The goal of these efforts is to boost bilateral trade to 10 billion USD by 2030.