Vietnamese, RoK enterprises to introduce products during B2B meeting

VOV.VN - Vietnamese firms are set to meet 19 companies from the Republic of Korea’s Jeollanam-do province during an online event from October 18 to October 22 which will be held by the Korea Trade-Investment Promotion Agency (KOTRA) in Hanoi.

During the course of the B2B meeting, Korean companies are expected to introduce a broad array of products in agriculture and fisheries, cosmetics, industry, and energy, with the purpose of seeking Vietnamese partners who can distribute their goods domestically.

Located in the southwestern region of the RoK, Jeollanam-do represents the country’s large producer of rice, wheat, barley, beans, potatoes, vegetables, cotton, and fruits thanks to its favourable climate and success in applying high technology in terms of developing agriculture, according to KOTRA Hanoi.

The Korean province has also established representative offices globally, including in the nation and has been exporting organic and high-quality agricultural and fisheries products, such as mushrooms, abalones, and pears to the Vietnamese market.

Last year saw the RoK as the third largest Vietnamese trading partner, behind only China and the United States, with two-way trade hitting US$66 billion. Vietnamese exports of agricultural and fisheries products, along with processed food to the East Asian country, totaled US$1.2 billion.

During the opening eight months of this year bilateral trade reached US$49.17 billion, of which Vietnamese exports to the RoK were worth US$14.12 billion and imports stood at US$35.05 billion, respectively.