Vietnam is South Korea’s 4th biggest trade partner
(VOVWORLD) - South Korea's imports of Vietnamese agricultural and livestock products jumped 34 percent two years after the two nations' bilateral free trade deal came into force.
 South Korean agricultural products are available in Vietnam. (photo: KTĐT) |
The data compiled by the Korea Rural Economic Institute (KREI) showed that two-way trade between the two countries has risen since the deal went into effect in December 2015, making Vietnam the fourth-largest trading partner of South Korea.
South Korea imported 980 million USD worth of Vietnamese farm and livestock goods last year, compared with 730 million USD in 2015. Vietnamese goods accounted for 3.5 percent of South Korea's total farm and livestock imports last year. The KREI predicted that the pace of growth in South Korea's imports of Vietnamese farm products is expected to quicken over the bilateral trade deal.