Vietnamese, Korean firms introduce products on the sidelines of the conference (Photo: VNA)
Hanoi (VNS/VNA) - An e-commercetrading floor will be set up to sell products from the Republic of Korea, aconference heard in Seoul on April 15.
Hoang Ngoc Huan, Chairman of the Vietnam CableTelevision Corp, said his enterprise was preparing for an online/offlineproduct distribution project, backed by a strong marketing network.
The project would establish a new tradingplatform dedicated to selling reliable and quality Korean products, hesaid.
During the event, VTVcab, the Korea SMEs andStart-up Agency (KOSME) and Phu Thai Group signed an agreement aiming tosupport Korean enterprises in advertising and distributing their products in Vietnam.
Pham Dinh Doan, Chairman of Phu Thai Group, saidthe agreement would help Korea small and medium-sized businesses to effectivelylaunch their distribution channels in Vietnam.
Hosted by VTVcab and KOSME, the Vietnam BusinessExport Conference 2019 witnessed the participation of nearly 220 enterprisesfrom the two countries.
KOSME director Lee Sang Jik said hehoped the event will contribute to improving the bilateral trade between thetwo countries.
Two-way trade has skyrocketed in the pastfrom a modest 500 million USD in 1992 to 60 billion USD in 2017 andapproximately 63 billion USD in the last 11 months of 2018.
Vietnam and the Republic of Korea aimedto boost bilateral trade turnover to 100 billion USD by 2020 with abalanced trade direction, following an action plan signed between the twonations late last year.
Under the plan, from now until 2020, the twocountries will cooperate to support Vietnamese enterprises in enhancing theircompetitiveness in the fields of spare parts manufacturing, automobiles, garmentand textiles, footwear and electronics while facilitating agricultural tradebetween the two sides.
The Republic of Korea is now the biggest foreigninvestor in Vietnam with total direct investment reaching 64 billion USD as ofMarch 2019, accounting for 18.4 percent of the nation’s total foreign directinvestment.-VNS/VNA
Executives from 20 companies based in the Republic of Korea’s Gyeongsangbuk-do Province met with nearly 90 Vietnamese counterparts in HCM City on December 1 to discuss business opportunities.
The Free Trade Agreement between Vietnam and the Republic of Korea (RoK), which came into effect two years ago, has served as a catalyst for the two countries’ trade growth.
Vietnam is likely to surpass the United States to become the Republic of Korea’s second biggest importer by 2020, thanks to a bilateral free trade agreement.
Many cosmetics businesses from the Republic of Korea plan to introduce more products in Vietnam, revealed the Korea Chamber of Business in Vietnam (KORCHAM).
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Vietnamese, Korean firms introduce products on the sidelines of the conference (Photo: VNA)
