Vietnam continues to be the Republic of Korea (RoK)’s export market with the highest growth rate, according to a report released by the RoK Ministry of Trade, Industry and Energy (MOTIE) on April 1.
Seoul (VNA) – Vietnam continues to be the Republic of Korea (RoK)’s export market with the highest growth rate, according to a report released by the RoK Ministry of Trade, Indu🎐stry and Energy (MOTIE) on April 1.
In March, exports from the RoK to Vietnam enjoyed an increase of 13.5 percent compared to the same period last year. The figure was followed by the European Union with 12.7 percent, and India with 11.7 percent.
The report showed that the RoK’s overall export turnover reached 42.9 billion USD last month, a drop of 8.2 percent from a year earlier. It was the 15th consecutive month the RoK’s exports fell.
Exports to China, the world's single-largest market for RoK products, dwindled for nine consecutive months, plunging 12.2 percent on-year in March; but the rate of decline is slowing, from a 21.5 percent cut in January to a 12.9 percent drop in the following month, it said.
Vietnam and the RoK signed a free trade agreement in May last year, under which Vietnam will remove its import duties on 89.9 percent of all products from the RoK over a 15-year period, following its implementation.
The RoK will do the same on 95.4 percent, or 11,668 out of the total 12,232 products imported from Vietnam.
Trade between the two countries exceeded 26 billion USD in 2014, the highest value since the two estab🥂lished diplomatic ties in 1992.-VNA
ASEAN member countries and the Republic of Korea have not effectively taken advantage of the ASEAN – RoK Free Trade Area (AKFTA), which came into force in 2008.
Vietnam and the Republic of Korea began a fresh round of negotiations for a bilateral free trade agreement (FTA) in Seoul on May 20, in a joint effort to reach the signing of the document by the end of this year.
Vietnam and the Republic of Korea (RoK) will hold the ninth round of negotiations on their bilateral free trade agreement (FTA) from December 8-12, according to the RoK Ministry of Trade, Industry and Energy on December 7.
More result-oriented action programmes are needed for Vietnam and the Republic of Korea to realise their cooperation in the fields of nuclear power, energy, minerals, technology, industry and trade.
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.
Illustrative photo (Source:VNA)
