Enterprises from Vietnam and the Republic of Korea are expected toexpand cooperation and trade exchange opportunities in themanufacturing, food, cosmetics and consumer goods distribution sectors.
This forecast has arrived after the VietnamChamber of Commerce and Industry on May 12 held a meeting with theKorean companies and signed a cooperation agreement with DaeguTechnopark .
Hee Jun Cho, from the researchinstitute Deagu Technopark, said that RoK enterprises have recentlyshown great interest in Vietnam and are seeking opportunities topenetrate into the market.
He hoped that withsupport and cooperation from the two countries’ governments and businesscommunities, the two sides will realise their potential in trade andinvestment exchanges.
Pham Quang Thinh, DeputyHead of the VCCI’s International Relations Division, said the RoK is oneof Vietnam’s most important partners both in terms of investment andtrade.
Thinh said besides many bilateral andregional trade and investment agreements, the two countries recentlysigned the Vietnam-RoK Free Trade Agreement (FTA), providing a legalframework for policy enforcement and trade exchange.
The RoK has 4,140 valid projects in Vietnam with a combined capitalof 37.43 billion USD. Its leading corporations, including Samsung, LG,Hyundai and Lotte, have their manufacturing facilities or services inVietnam.-VNA
This forecast has arrived after the VietnamChamber of Commerce and Industry on May 12 held a meeting with theKorean companies and signed a cooperation agreement with DaeguTechnopark .
Hee Jun Cho, from the researchinstitute Deagu Technopark, said that RoK enterprises have recentlyshown great interest in Vietnam and are seeking opportunities topenetrate into the market.
He hoped that withsupport and cooperation from the two countries’ governments and businesscommunities, the two sides will realise their potential in trade andinvestment exchanges.
Pham Quang Thinh, DeputyHead of the VCCI’s International Relations Division, said the RoK is oneof Vietnam’s most important partners both in terms of investment andtrade.
Thinh said besides many bilateral andregional trade and investment agreements, the two countries recentlysigned the Vietnam-RoK Free Trade Agreement (FTA), providing a legalframework for policy enforcement and trade exchange.
The RoK has 4,140 valid projects in Vietnam with a combined capitalof 37.43 billion USD. Its leading corporations, including Samsung, LG,Hyundai and Lotte, have their manufacturing facilities or services inVietnam.-VNA
