A business delegation from Gyeongnam province in the Republic of Korea (RoK) participated in a “Vietnam-RoK trade exchange” held in Ho Chi Minh City on April 20.
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Illustrative photo (Source:Internet)
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The event was co-orrganised by the Vietnam Chamber of Commerce and Industry (VCCI) and Gyeongnam province’s representative office in HCM City to boost cooperation between the two countries’ enterprises.
Head of the RoK delegation Im Changho said the exchange programme serves as the first step for Gyeongnam’s businesses to bring their products into the Vietnamese market, especially fruits and processed fruit products.
He also committed to helping Vietnamese agricultural products enter the global market.
Hoang Van Anh from the VCCI said the RoK side could assist Vietnamese enterprises in developing agricultural products and building brand names for them.
According to VCCI statistics, the RoK is among the leading foreign investors in Vietnam with over 4,000 projects. The East Asian nation is also the Vietnam’s sixth largest trade partner.
Bilateral trade between Vietnam and the RoK has increased 57 folds over the past decades, from 500,000 million USD in 1992 to 28.8 billion USD in 2014.
According to the General Department of Customs, in the first 11 months of 2015, bilateral trade hit 33.6 billion USD, a year-on-year rise of 27.6 percent./.