Vietnamese, Korean enterprises connect to boost two-way trade

SGGP
The Vietnam Chamber of Commerce and Industry (VCCI)’s Ho Chi Minh City branch organized a conference bringing together Vietnamese and Korean businesses in the city on June 19.

Vietnamese, Korean enterprises connect to boost two-way trade

Statistics shows that the ROK’s exports to Vietnam increased 60.5 percent in the 2015-2017 period while its imports from Vietnam was up more than 61 percent.
In the first two months of this year, the ROK’s exports to Vietnam valued US$7.5 billion, presenting a year-on-year increase of 28.1 percent.
South Korea has been the second-largest trading partner of Vietnam while the country has become the ROK’s fourth-largest trading partner.
The two countries expect the two-way trade turnover will reach US$100 billion by 2020, making Vietnam to become the 2nd largest destination for Korean products after China.
South Korea is the Largest Foreign Direct Investor in Vietnam with more than 6,760 projects worth US$59 billion.

By MINH HAI- Translated by Kim Khanh

Other news

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.