Minister of Agriculture and Environment Trinh Viet Hung said in the initial phase, each country will designate two enterprises eligible to export processed chicken products, expressing confidence that this starting point will pave the way for expanding participation and scaling up exports in the future.
Vietnamese enterprises will meet 19 companies from the Republic of Korea’s Jeollanam-do province during a virtual event to be held by the Korea Trade-Investment Promotion Agency (KOTRA) in Hanoi from October 18 – 22.
Visiting Deputy Prime Minister Vuong Dinh Hue and host Prime Minister of the Republic of Korea Lee Nak-yeon on June 21 agreed to try to lift two-way trade to 100 billion USD by 2020 from 65 billion USD in 2018, together with reducing Vietnam’s trade deficit.
The Democratic Party of Korea (DPK) wants to strengthen its friendship and cooperation with the Communist Party of Vietnam (CPV), helping to push the Vietnam-Republic of Korea (RoK) relations to a new height, said DPK Chairman Lee Hae-chan.
Meeting tougher technical standards in production and preservation is the key to helping Vietnam’s agricultural products, including fruits, actively raise their export volume and value, an official has said.
A quarter-century of diplomatic relations between Vietnam and the Republic of Korea has yielded impressive progress, especially in investment and trade, said Kim Jaehong, Chairman of the Korea Trade-Investment Promotion Agency (KOTRA).
Trade relations between Vietnam and the Republic of Korea has reached new development milestones, with two-way trade surging 80 times to 40 billion USD in 2016 from only 0.5 billion USD in 1992.
