Up to 93 percent of the businesses from the Republic of Korea (RoK) are satisfied with their investments in Vietnam, according to a recent survey conducted by the Korea Trade and Investment Promotion Agency (KOTRA).
Vietnam's export to the Republic of Korea (RoK) in the period after the Vietnam-Korea Free Trade Agreement (VKFTA) came into effect (2016-2018) reached an average growth of 26.9 percent per year.
Vietnamese shrimp exporters need to improve quality of their products, and update procedures and requirements in the Republic of Korea (RoK) to overcome technical barriers that hinder the shipments, experts have said.
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.
The enforcement of the Vietnam-Korea Free Trade Agreement (VKFTA) has been bringing new opportunities to businesses of both nations, but the number of Vietnamese firms capitalising on the deal is lower than expected.
The Vietnam-Korea Free Trade Agreement (VKFTA), which took effect on December 20, 2015, has played an important role in attracting investments from the Republic of Korea (RoK) to Vietnam and helping the Southeast Asian nation integrate deeper into the regional economy, said a local official.
The 28th Vietnam International Trade Fair (VIETNAM EXPO) in Hanoi from April 11-14 will mark the two decades that the Republic of Korea has ran a national pavilion at the event, one of the biggest trade fairs in Vietnam.
Many goods imported from the Republic of Korea (RoK) into Vietnam will be exempted from import taxes in 2018, due to the Vietnam-Korea Free Trade Agreement (VKFTA).
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