Korea-Vietnam Business Forum 2013 opens

(VOV) - Hundreds of business representatives from Vietnam and the Republic of Korea (RoK) discussed the possibility of establishing stronger partnerships at a joint forum in Seoul on April 19.

In his address, Korea Chamber of Commerce and Industry (KCCI) Vice-Chairman Lee Dong-geun said the forum created a valuable opportunity for the two business circles to exchange experiences, negotiate deals, and strengthen mutual understanding.

He quoted statistics saying RoK businesses have achieved the highest profit margin of all foreign companies operating in Vietnam over the years.

The Saigon-Hanoi Commercial Joint Stock Bank, in coordination with Vietnam Chamber of Commerce and Industry (VCCI), opened the 2013 Korea-Vietnam Business Forum in Seoul, the Republic of Korea (RoK) on April 19.

For his part, Vietnamese Ambassador to the RoK Tran Trong Toan highlighted Vietnam’s great national development achievements, including recording an annual economic growth rate of 7.26 percent over 2001­–2010, eliminating poverty, and completing a number of the United Nations Millennium Development Goals 10 years ahead of schedule.  

The forum offers Korean businesses the chance to focus on the potentially lucrative Vietnamese market and update their knowledge of Vietnam’s development demands with a view to 2020, he noted.

Delegates examined reports on Vietnam-RoK trade relations, Vietnam’s foreign direct investment policies, and the country’s investment possibilities.