An online event to connect firms of Vietnam and the Republic of Korea (RoK) is taking place as part of activities to mark the 30th founding anniversary of the diplomatic ties between the two countries.
Hanoi (VNA) – An online event to connect firms of Vietnam and the Republicof Korea (RoK) is taking place as part of activities to mark the 30th founding anniversary of the diplomatic ties between the two countries.
Hosted by the Korea Trade-Investment Promotion Agency (KOTRA) in Hanoi,the five-day eventstarting from March 21 sees the participation of 58suppliers from Daegu, Jeonju, Incheon, Gyeongbuk of the RoK and 76 Vietnamese businesses.
According to head of KOTRA Hanoi Tran Thi Hai Yen, business delegations from theRoK localities every year maintain trade connections with Vietnam.
High-quality products of the RoK firms introduced at the event include food-beverage,supplement foods, cosmetics and beauty equipment, mother and baby products, andhousehold items.
Businessesof the two countries focus their discussion on issues related transportingsamples from the RoK to Vietnam for testing, requirements for quality certificationof Korean and international standards, and conditions to become a distributor.
Somepotential agreements are hoped to be discussed in more detail in the nearfuture.
Afterthe programme, enterprises of both sides will continue to receive support fromKOTRA Hanoi in negotiations, thus towards signing and performing export-importcontracts.
Yensaid Vietnamese firms have intended to import from the RoK market, adding thatthe two countries’ businesses are very active in finding ways to support eachother.
Since theCOVID-19 outbreak started in early 2020, KOTRA Hanoi has changed all face-to-face tradeevents between the two sides’ businesses to online events in order to ensure uninterruptedcommercial activities.
Lastyear, nearly 900 Korean firms bought Vietnamese goods via 1,910 online tradeexchange programmes. Many Vietnamese companies also quickly partnered withKorean suppliers to import commodities.
Expertssaid Vietnam is still a promising market for Korean exporters. In particular,Vietnam has gradually implemented a roadmap to reduce import tariff from the RoKunder the Korea – Vietnam free trade agreement with convenient administrativeprocedures.
Vietnam’seconomic growth along with stable politics, and good performance in COVID-19 control have helped create a firm belief for Korean businesses tocontinue eyeing the Vietnamese market, they said./.
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Illustrative image (Photo:qdnd.vn) 
