Business

RoK seafood firms seek opportunities in Vietnam

A B2B meeting was organised by the VCCI and K-Fish Trade Support Centre in HCM City, providing opportunities for 12 firms from the RoK and 50 local seafood companies to seek and foster partnerships.
RoK seafood firms seek opportunities in Vietnam ảnh 1Korean seafood companies hoping to find Vietnamese partners at a B2B meeting in HCM City on July 24 , 2018 (Source: VNA)

HCM City (VNA) - A business-to-business (B2B) meeting was organised by theVietnam Chamber of Commerce and Industry and K-Fish Trade Support Centre in HCMCity, providing opportunities for 12 firms from the Republic of Korea (RoK) and 50 localseafood companies to seek and foster partnerships.

The RoK firms said they are looking to exportraw and processed seafood to Vietnam and import raw seafood from the SoutheastAsian nation for processing.

Bae Byeong-Cheol, chief representative ofK-fish, said: “RoK seafood is plentiful in terms of variety, and because of thedifference in climate and location, the RoK can supply a great deal ofhigh-quality products unavailable in Vietnam”.

“We are striving to help more Vietnamese enjoy RoKseafood,” he added.

Consumers in both countries have shown theirfavour and would like to try more of each other’s seafood products, he said.  

Le Thi Nguyet of the Van Kim Commercial JointStock Company said RoK seafood products are very safe and of very high quality,but are usually more expensive than products from Southeast Asian countries,which could deter many Vietnamese from consuming them.

Bae said several RoK companies are facingdifficulties in exporting raw seafood to Vietnam because of the lengthy customsand other formalities involved, and would like to see the process streamlined.

Vietnamese seafood exports to the RoK reached 390.7million USD in the first six months of this year, accounting for 9.8 percent ofthe total seafood export turnover of the country, the General Department ofVietnam Customs reported.

In recent years, K-Fish Trade Support Centre has regularly organised events topromote exchange and trade links between the two countries’ enterprises, makingit easy for RoK firms to introduce traditional processed products to Vietnameseconsumers.

The two countries aim to lift their two-way trade to 100 billion USD by 2020.

The RoK is now the biggest foreign investor in Vietnam, and also one of itsmost important trade partners.-VNA
VNA
#business-to-business (B2B) meeting #K-Fish Trade Support Centre #RoK firms #seafood companies #high-quality products #seafood export #two-way trade #Vietnam #RoK #foreign investor #trade partner #Vietnamplus #Vietnam News #Vietnam News Agency Korea (RoK)
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