According to the Korean Agro-Fisheries Trade Corp (aT), this fourth largest economy in Asia imported US$250 million worth of soft drinks last year, where US$103.7 of the value were paid to Vietnam.
A representative from aT stated that Vietnamese soft drinks have become more popular in the RoK.
Besides Vietnam, the RoK has also imported soft drinks from Thailand, the US, Germany and China.
The RoK has been the third-largest trade partner of Vietnam only after China and the US since the Vietnam-RoK Free Trade Agreement (VKFTA) came into force in December 2015. In the first half of this year, the two countries’ total import-export value reached US$29.1 billion, rising by 45.5% against the same period last year. Products, which enjoy tax incentives obtained high growth, such as seafood (up to 28%) and fruit and vegetables (up to 12%).