Vietnamplus

Vietnam is now considered a highly potential market for businesses from the Republic of Korea (RoK) which have dominated some sectors in the Southeast Asian nation.

Vietnam exported 1,700 tonnes of mango to the Republic of Korea (RoK) for 7.4 million USD over the past 11 months of 2022, up 19% in volume and 25% in value year-on-year, according to the Agency for Foreign Trade under the Ministry of Industry and Trade.

The Republic of Korea (RoK)’s International Trade Association (KITA) and the Seoul-based Convention and Exhibition Centre (COEX) have said they will resume overseas exhibitions after an almost-three-year hiatus caused by the COVID-19 pandemic.

Sectors that are inviting investment, along with investment incentives and benefits, in special economic zones and industrial parks of ASEAN countries were introduced to businesses of the Republic of Korea (RoK) at a workshop held in Seoul on October 6.

Vietnam was up the sixth largest supplier of bananas to the Republic of Korea (RoK) during the first five months of the year, according to the Korea International Trade Association (KITA)

The Vietnam – Korea Business Forum with the theme of “Cooperation for a sustainable future” was held virtually on July 8.

The Vietnam Chamber of Commerce and Industry (VCCI) and the Korea International Trade Association (KITA) will host the Vietnam-Korea Business Forum on July 8.

The Korea International Trade Association (KITA) and its arm Convention & Exhibition Centre (COEX) said on March 8 that they have signed a contract with Vietnam’s Becamex IDC to run the World Trade Centre Binh Duong New City Expo in the southern province of Binh Duong.

The Republic of Korea’s fashion firms based in Vietnam are expected to benefit from the free trade agreement between the Southeast Asian country and the European Union (EVFTA), which came into effect this month.

Cambodia and the Republic of Korea (RoK) agreed on July 9 to launch official negotiations for a bilateral free trade agreement (FTA), paving the way for the RoK, Asia's No. 4 economy, to make further inroads into the Southeast Asian market and boost exports.

Vietnam and the Republic of Korea (RoK) have secured successful outcomes in the textiles sector based on their establishment of a cooperative system that supplements one another with technology and human resources.

ASEAN and the RoK need to forge closer ties and cooperation in e-commerce as Chinese e-commerce giants are expanding their business in ASEAN through huge investments in companies, said Lee Hyuk, Secretary General of the ASEAN-Korea Centre.

The Institute for International Trade under the Korea International Trade Association (KITA) listed Vietnam as one of the top five importers of the Republic of Korea (RoK) in 2017 in its report released on June 20.

The Republic of Korea is now the fourth biggest importer of Vietnamese fruits and vegetables.

Vietnam is likely to surpass the United States to become the Republic of Korea’s second biggest importer by 2020, thanks to a bilateral free trade agreement.

Exports of the Republic of Korea (RoK) to Vietnam increased impressively in 2017, making its trade surplus with the Southeast Asian country surpassing that with the United States.

The Republic of Korea's exports of steel products to the United States posted a two-digit growth in 2017 from a year earlier.

Overall trade of the Republic of Korea (RoK) is projected to exceed one trillion USD in 2017, a year-on-year rise of 11.5 percent.

The ninth Vietnam International Retail and Franchise Show (VIETRF 2017) kicked off at the Saigon Exhibition and Convention Centre of Ho Chi Minh City on June 1.

The Republic of Korea (RoK) exported more to Vietnam in the first quarter of 2016 compared to the same period last year.