Vietnam, RoK enjoy more trade cooperation opportunities

(VOVworld) - A business matching event opened in Hanoi on Friday with more than 50 South Korean importers participating.

Vietnam, RoK enjoy more trade cooperation opportunities - ảnh 1
Deputy Minister of Trade and Industry, Do Thang Hai spoke at the event

Speaking at the event, Deputy Minister of Trade and Industry, Do Thang Hai, expected the finalization of a free trade deal between Vietnam and South Korea late this month will facilitate bilateral trade and investment. Chairman of Korean Association of Importers, Shinn Tea Yong, spoke of his expectations following the free trade agreement:“Significant progress has been recorded following the latest round of talks on Vietnam Korea Free Trade Agreement last month. I expect 19,000 product items from the Korea and 6,000 items from Vietnam will benefit from the agreement. This will boost bilateral trade transaction between the two countries.”

Vietnam and South Korea have recorded an annual growth of 23.4% in two way trade revenue over the past decade.

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