Vietnam-RoK business week opens in HCM City hinh anh 1At the event (Photo: VNA)

HCM City (VNA) – The Consulate General of the Republic of Korea (RoK) in Ho Chi Minh City and the municipal Department of External Affairs on October 31 launched a Vietnam-RoK business week targeting sustainable development.

In his remarks, Vice Chairman of the municipal People’s Committee Vo Van Hoan noted that the 2,000-strong Korean business community is one of the largest in Vietnam, and is continuously growing.

The week offers an opportunity for the Vietnamese and RoK business communities to introduce their technologies and products, exchange information, and establish new partnerships.

Executive Vice President for Economic Cooperation & Trade Affairs at the Korea Trade-Investment Promotion Agency (KOTRA) Kim Tae-ho stressed that Vietnam and the RoK have become indispensable partners during their development process.

Vietnam is the RoK’s third biggest trade partner, only after China and the US, while the RoK is the Southeast Asian country’s largest investor with more than 9,000 projects in different fields.

The programme will focus on B2B trade promotions in areas spheres as environmentally friendly technologies, smart farms and smart medicine, along with workshops and field trips to industrial parks near HCM City, he said.

According to Sungil Kwak, Director of the Economic and Security Strategy Department at the Korea Institute for International Economic Policy, Korean firms will continue to look for optimal solutions to cope with new challenges like green growth and smart technologies.

He suggested the two sides step up institutional cooperation, better utilise free trade agreements, increase transparency in intellectual property rights, work to create a fair investment environment, cooperate to form regional value chains, and enhance collaboration in new industries such as digital economy and energy./.