Exchange enhances Vietnamese, Korean trade links
(VOV) -As many as 20 Korean and Vietnamese small and medium enterprises (SMEs) held a trade exchange at the New World Hotel in Ho Chi Minh City on September 4.
The event provided a good opportunity for representatives of the two countries business communities to locate business partners and negotiate investment and trade deals.
The friendship and cooperative relations between Vietnam and the Republic of Korea (RoK) have continually developed in all fields since the two countries established diplomatic ties in December 1992.
Most notably ties were bolstered by the visit of RoK President Lee Myung-Bakto Vietnam in October 2009, during which the bilateral relationship was elevated to an equal strategic partnership.
Additionally, President Park Geun-hye’s official visit in September 2013 was a milestone in trade and investment cooperation between the two nations.
Currently, the RoK is one of largest foreign investors in Vietnam, investing heavily in the fields of information technology and garments and textiles.
Bilateral trade turnover is expected to hit a record high US$20 billion in 2015.
Pham Hai Tung, Chairman of Small and Medium Enterprises Association in the Southern Region said Vietnam wants to attract Korean investors in the areas of its strengths such as processing industry, manufacturing, infrastructure, energy, and services.