Business

Vietnam seeks to export more agricultural products to RoK

A Vietnam - the Republic of Korea (RoK) business exchange was held in Hanoi on March 22, aiming to introduce Vietnam’s agricultural products to two major retail firms of the RoK – K-holdings and Coupang.
Vietnam seeks to export more agricultural products to RoK ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNA) – A Vietnam - the Republic ofKorea (RoK) business exchange was held in Hanoi on March 22, aiming to introduceVietnam’s agricultural products to two major retail firms of the RoK – K-holdingsand Coupang.

The RoK firms were interested in importing spices,packed products made of rice, frozen seafood, dried fruits, coffee, chocolate,cashew, peppercorn, dried meat, fresh fruits, and other processed food products,from Vietnam.

Currently, the RoK is among important strategicpartners of Vietnam and the country’s leading investor.

According to Do Kim Lang, Vice Director of the TradePromotion Agency under the Ministry of Industry and Trade, thanks to theVietnam-RoK free trade agreement, from December 2015, the RoK has become thethird biggest trade partner of Vietnam after China and the US.

In 2017, two-way trade reached 61.5 billion USD, up 41percent year on year, including Vietnam’s exports of 14.8 billion USD, a riseof 30 percent over 2016.

Popular Vietnamese products in the RoK includedaquatic products, cassava and cassava products.

In the first two months of 2018, Vietnam earned 2.79million USD in the RoK market, a surge of 44 percent over the same time lastyear, noted Lang.

Meanwhile, Nguyen Minh Duong, Director of Minh Duongcompany said that his firm is selling its products such as potato, sweetpotato, cashew and dried products through such big distributors as Big C andVingroup.

He said that Vietnamese farm products have beenaccepted in China and the RoK, adding that the firm has exported a large amountof products to the two markets and is seeking to expand the market.

Bui Viet Truong, Third Secretary of Office for TradeAffairs under the Vietnamese Embassy in the RoK said that each year, the RoKspends about 33 billion USD to import agro-fishery products.

However, he held that Vietnam should seek solutions tofurther its presence in the market as currently only five Vietnamese fruits areallowed to be sold in the RoK, including pineapple, coconut, dragon fruit,mango, and banana.

In the coming time, Coupang, the leading onlineshopping company of the RoK, will give a space in its website to introduceVietnamese foodstuff. It aims to sell about 1,800 products of Vietnam via itswebsite in 2019.

Experts advised that Vietnamese firms should paygreater attention to design and packaging of their products, while updatingquarantine regulations in the market.-VNA
VNA
#Vietnam -RoK business exchange #K-holdings #Coupang #Vietnam’s agricultural products #Vietnam-RoK free trade agreement #the Republic of Korea #Vietnam #Vietnam news #Vietnam News Agency Korea (RoK)
Follow VietnamPlus

Related News

See more

Vietnamese Ambassador to the RoK Vu Ho (first, left) and other participants in the conference in Seoul on July 14 (Photo: VNA)

Vietnam, RoK strengthen investment links at Seoul conference

Vietnamese Ambassador to the RoK Vu Ho said bilateral relations are currently enjoying the best conditions, underpinned by what he described as the three key factors of “favourable timing, geographical advantages, and strong public support”.

Electricity generation is monitored at the plant of the Hai Phong Thermal Power Joint Stock Company. (Photo: VNA)

Energy security “shield” must be built in layers: Expert

In an interview recently granted to the Vietnam News Agency, Dr Nguyen Van Tu, General Director of the Vietnam Petroleum Institute (VPI), said petroleum reserves are a critical line of defence, but a genuine energy security “shield” must be built in layers.

Reducing emissions is not only essential for tackling climate change but also brings tangible benefits to farmers and businesses. (Photo: VNA)

Vietnam steps up low-emission farming to support green growth

Vietnam is among the world's leading producers and exporters of agricultural products, including rice, coffee and a wide range of fruits. However, key export markets such as the US, the European Union (EU) and Japan are tightening sustainability requirements for agricultural products, making the transition to low-emission farming increasingly important.

Fresh fruit products of Vietnam are introduced to German customers. (Photo: VNA)

"Live data" paves way for Vietnamese farm exports

Achieving Vietnam's target of more than 74 billion USD in agricultural, forestry and fishery exports in 2026 will require stronger traceability systems, initially focusing on key export commodities, high-value products and major markets such as the EU, the US and China.

An enterprise in the southern province of Dong Thap invests in modern technologies and machinery for production. (Photo: VNA)

Broadening financing channels key to unlocking SME growth

As the private sector takes on a more central role under the Politburo's Resolution No. 68-NQ/TW, experts and business representatives say Vietnam needs a more comprehensive approach to supporting SMEs. This includes improving institutions, making financial support tools more effective and reshaping the financial system to better suit the characteristics of SMEs.

Phase 1 and Phase 2 of the Tan Thuan Wind Power Plant in Tan Thuan commune, Ca Mau province, have a combined installed capacity of 75 MW, comprising 18 wind turbines. (Photo: VNA)

Energy storage unlocks renewable power potential, cuts emissions

Energy transition is not simply about replacing fossil fuels with wind and solar power. It also requires building a sustainable energy ecosystem in which clean power generation, energy storage, smart grids and material recycling chains develop in parallel. Such an integrated approach will improve energy efficiency, further reduce greenhouse gas emissions and help Vietnam achieve green growth and net-zero emissions targets by 2050.

Vietnamese food is increasingly diverse in varieties and packaging, meeting domestic demand. (Photo: VNA)

Government urges vigilance as inflation pressures mount in H2

The Government's inflation target remains within reach despite mounting headwinds. Several forecasts suggest inflation can stay below 4.5% this year if international oil prices continue to retreat. Extending domestic fuel tax incentives through year-end, along with stable electricity prices, healthcare fees and exchange rates, would offer additional relief.

Construction is underway at the Tu Lien Bridge project in Hanoi. (Photo: nhandan.vn)

Public investment drives Hanoi’s growth momentum

In the first half of 2026, Hanoi disbursed 64 trillion VND (2.4 billion USD) in public investment, equivalent to more than 53% of the annual plan assigned by the Prime Minister – the highest mid-year disbursement rate recorded in many years.

Representatives of relevant parties at the sponsorship signing ceremony on July 13, 2026 (Photo: Vietjet)

Vietjet, Vikki Digital Bank named official partners of ASEAN United FC events

As the Official Airline Partner of the ASEAN United FC events, Vietjet connects fans and destinations across Southeast Asia through the region's leading football competitions, kicking off with the ASEAN Hyundai Cup™ 2026, the jewel in the crown of ASEAN football and the region's biggest sporting event.