Vietnamese, Korean firms seek to enhance connectivity in new context

The Business Association of Vietnamese in Korea (BAVIK) has hosted a networking event to connect members and expand its activities, bringing together representatives of ministries and BAVIK members, as well as banks, associations, businesses, and entrepreneurs of the Republic of Korea (RoK).

Addressing the event, Dao Tuan Hung, President of BAVIK, said the association has increasingly played a connecting role, steadfastly upholding its mission as a community-focused organisation and a common home for all Vietnamese businesses and entrepreneurs in the RoK.

With the support of the Vietnamese Embassy in the RoK, BAVIK has strengthened ties with Vietnamese associations to share information and support each other’s development. The association is gradually expanding its membership, organising more frequent networking events, and enhancing members’ business and production knowledge and experience. The association has also actively sought partnerships with professional associations of the two countries to promote trade and create new opportunities for its members.

Looking back on 2025, Hung noted that despite challenges caused by political and social upheavals in the RoK during the first half of the year, BAVIK carried out many activities that helped enhance its image and impact within the Vietnamese community in the country.

The association has actively contributed to policy discussions on issues important to Vietnam, including support for small- and medium-sized enterprises, artificial intelligence (AI) and sovereignty, as well as AI and semiconductor development policies in the RoK, while proposing recommendations for Vietnam.

Vietnamese Ambassador to the RoK Vu Ho highly valued BAVIK’s efforts amid recent regional and local geopolitical shifts, noting that the RoK’s political and social developments in 2025 impacted many aspects of life, including the Vietnamese community. Nevertheless, in the second half, the community overcame challenges and achieved significant progress, with Korean businesses consistently supporting their Vietnamese counterparts.

The diplomat highlighted the success of the 14th National Congress of the Communist Party of Vietnam (CPV), saying it marked Vietnam’s entry into a new era with a renewed mindset, enhanced position and a refreshed national image.

In this strategic development period, businesses and entrepreneurs serve as vital “cells” of the economy, contributing to the country’s development, Ho said, noting that the Vietnamese community in the RoK, now exceeding 350,000 people, has made active contributions to the local economy and society.

He expressed his hope that the OV community and businesses in the RoK will stay proud and united, and contribute to a stronger and more prosperous homeland.

Established with the support of the Vietnamese Embassy in the RoK, BAVIK brings together individuals and businesses in the country, providing a platform to share information, promote business development and build professional networks. The association represents its members, promotes fair business practices, and contributes to strengthening Vietnam–RoK cooperation.

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