HCM City (VNA) – Vietnam is a potential market for firms specialised on processed agricultural products from the Republic of Korean (RoK).
This statement was made by Im Chang Ho, Chief of Hamyang County in the RoK’s southeast Gyeongnam province at the Vietnam-RoK trade exchange held on November 8 in Ho Chi Minh City.
RoK agricultural goods, which are produced by hi-technology, are internationally recognised for their safety and high quality, said Im Chang Ho.
He also said Hamyang County is famous for mountain ginseng, fruit juice and nature-based beauty care products which have been favoured by many Vietnamese customers, especially those in Ho Chi Minh City, adding the exchange is a good opportunity for RoK firms to seek partners and boost exports.
Speaking highly of the quality of RoK processed agri-products, Tran Ngoc Liem, Deputy Director of the Vietnam Chamber of Commerce and Industry (VCCI)-HCM City Branch, said Vietnamese enterprises should learn experience in organising trade fairs and products launching events of their counterparts.
He also added that by welcoming RoK products, Vietnamese agri-businesses approach hi-technologies to improve planting techniques, thus enhancing the quality and added value of their farm products.
According to VCCI, agricultural trade value between the two countries has increased since the Vietnam-RoK free trade agreement took effect in late 2015.
In the past 10 monꦜths of 2016, import value of RoK agricultural products to Vietnam rose 10 percent while export value of Vietnamese farm goods to the🐷 RoK surged over 30 percent from the same period last year.-VNA
Free trade agreement between Vietnam and the Republic of Korea (VKFTA) would be an effective channel to increase the bilateral trade to 70 billion USD in 2020.
Nearly 100 businesses from the Republic of Korea (RoK) were brought together at a workshop in Seoul on June 1 to explore cooperation opportunities in food processing and beverages in Vietnam.
A Vietnam-Republic of Korea trade connectivity conference, themed “Cooperation for mutual development”, took place in the southern province of Ba Ria – Vung Tau on November 4.
Businesses from Vietnam and the Republic of Korea have signed 10 contracts and memoranda of understanding worth nearly 1 billion VND (44,900 USD) during a five-day industry-trade-tourism fair.
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.
RoK's mountain ginseng - Illustrative photo (Photo: Internet)
