CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Local businesses seek ways to penetrate Korean food market
12:57, 2014/10/30
​Vietnam takes the lead in the world in rice export. It ranks ninth in exporting high quality seafood, vegetables and tropical fruit, said the Republic of Korea’s Consul General Oh Jae Hack at a seminar in HCM City on October 29.
However, the Consul General emphasised that the export value remains low as a complete supply chain is not established yet.
 
He said first of all, the two nations should strengthen trade exchange in order to add value to Vietnam’s export items and help it further penetrate the RoK’s market,. Meanwhile, trade promotion agencies and associations should find practical solutions to help the business community cooperate to introducing high quality Vietnamese farm produce while taking full advantage of the RoK’s processing technology.
In the first ten months of the year, two-way trade turnover reached some US$23.3 billion. Especially, the RoK now tops foreign investors in Vietnam with a total investment capitalisation of US$2.5 billion in the reviewed period.
According to Ms Bui Thi Thanh An, deputy director of the Vietnam Trade Promotion Agency (Vietrade), local businesses should exert greater efforts to fully tap the potential market and enhance their capacity to meet the strict requirements of product quality.
In addition, the business community of both nations should always be prepared to seize opportunities of the Vietnam-RoK Free Trade Agreement (FTA) expected to be signed late this year and will give fresh impetus to the development of bilateral trade and investment.
During the seminar, several RoK businesses expressed hope to seek Vietnamese partners to further introduce Vietnamese products to the RoK market. 
Comments
Other news
17:56, 2025/02/22
Vietnam imposes anti-dumping tariffs on certain Chinese steel products
The investigation was launched in response to a request from two domestic producers.
17:50, 2025/02/21
Finance Ministry flags digital currency risks in Vietnam’s upcoming financial centers
Digital assets and cryptocurrencies remain unregulated in Vietnam.
12:58, 2025/02/21
Vietnam to escape middle-income trap with sustained high growth through 2045: PM
An average growth rate of just 7% per year would not be enough to achieve the country's ambitious targets.
15:25, 2025/02/19
Vietnam's economy could surpass US$500 billion this year
If Vietnam’s GDP exceeds $500 billion this year, the country’s economy could rank between 31st and 33rd in the world.
14:57, 2025/02/19
Vietnam’s food delivery service posts highest growth in SEA
Vietnamese consumers increasingly prefer to order ready-to-eat meals via apps due to the convenience and various promotional offers.
14:03, 2025/02/17
Vietnam set to increase power imports
Vietnam is pushing for double-digit economic growth in the coming years, which is expected to drive annual electricity demand growth of 12-14%.