Made-in-Vietnam goods are more competitive than those of other Asian countries in the Republic of Korea (RoK) thanks to the effective implementation of the Vietnam-RoK and ASEAN-RoK free trade agreements, experts said at a workshop in Ho Chi Minh City on November 2.
HCM City (VNA) – Made-in-Vietnamgoods are more competitive than those of other Asian countries in the Republicof Korea (RoK) thanks to the effective implementation of the Vietnam-RoK andASEAN-RoK free trade agreements, experts said at a workshop in Ho Chi Minh Cityon November 2.
Apart from making use of preferential tariffs,Vietnamese businesses are aware of the significance of studying the market andinvesting in designs to create high-quality products.
Notably, Vietnam’s southern economic hub of HoChi Minh City has many opportunities to expand its presence in the RoK.
According to the municipal Department ofIndustry and Trade, the RoK is the fifth biggest importer of the city, makingup nearly five percent of its total export turnover. HCM Citymainly exports garment-textile, footwear, electronic products and spare parts,computers, wood and timber products.
In the first ten months of 2017, the cityexported 29.15 billion USD worth of goods through the country’s border gates, ayear-on-year rise of 13.3 percent.
Deputy Director of the department Nguyen HuynhTrang said Vietnam has signed 12 free trade agreements, including 10 effectiveones.
To promote exports to the RoK, Vietnamese firmsshould address shortcomings in packaging and papers declaration and map out aproper strategy to increase competitiveness in the market, she suggested.-VNA
A quarter of a century of diplomatic relations between Vietnam and the RoK has yielded substantial progress, especially in investment and trade, said Bui Huy Son, head of Vietrade.
A high-level seminar on the reform of public sector, theme of the second-year research between Vietnam and the Republic of Korea (KOICA), took place in Hanoi on October 20.
A trade exchange event was held in Seoul, the Republic of Korea (RoK) on October 24 to seek to increase the presence of Vietnamese products, especially farm produce and consumer goods, in the RoK market.
More than 100 scientists, policy makers, researchers, lecturers and press experts from Vietnam and the Republic of Korea (RoK) were brought together at a workshop in Hanoi on November 1 to share experience in communicating public policy to promote social consensus in specific arenas such as healthcare and nuclear energy.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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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.
Vietnamese goods favoured in RoK (Photo VNA)
