Vietnam and South Korea Business Matching

About 50 Vietnamese and South Korean companies have recently gathered in Hanoi to meet, exchange and seek business opportunities in such fields as office, telecom, robotics, toy, and petrochemical. The event was part of the “Searching direct business partners for Vietnamese and South Korean enterprises” programme.

 

The programme was jointly held by the Vietnam Chamber of Industry and Trade (VCCI) and South Korea’s Daejeon Business Development Association to support Vietnamese small and medium enterprises to promote trade, expand markets, and set up new business ties.

 

So far, the relations between South Korea and Vietnam have been furthered enriched and strengthened. South Korea is now the fourth largest trader partner of Vietnam, the seventh exporting market of Vietnam and the second importing market of Vietnam. South Korea also provides official development assistance (ODA) for Vietnam.

 

The two-way trade turnover between Vietnam and South Korea is on the sharp rise. The value reached US$6.587 billion in 2007, US$8.85 billion in 2008, US$9.04 billion in 2009. In 2010, bilateral trade revenue may top US$11 billion.