Vietnam – a potential market for RoK businesses
The Vietnam Chamber of Commerce and Industry (VCCI) and the Seoul Businesses Association (SBA) jointly held a meeting in Hanoi on Oct. 2 to seek further opportunities for cooperation between Vietnam and the Republic of Korea ’s enterprises.
Addressing the function, Deputy Head of VCCI’s International Relations Department, Pham Quang Thinh, praised the excellent prospects of the two countries’ cooperation in economic, trade and investment areas in the future.
He said he believes that Vietnam will continue to be a potential and sustainable market for RoK’s investors and businesses and that the SBA would help to attract more businesses wishing to invest in Vietnam and import its products.
The move will contribute to promoting relations on trade, import-export and investment that the two countries’ governments attach great importance to, he added.
The RoK is one of Vietnam ’s leading partners and its cooperative and trading relations with Vietnam have been steadily developing over recent years.
In the first six months of 2008, the RoK’s recorded a total of 3 billion USD in exports to Vietnam , with total imports from Vietnam reaching 1 billion USD.
By the end of 2007, the RoK took the lead among 55 countries and territories investing in Vietnam with a total registered capital of 5.3 billion USD.
The RoK’s business delegation attending the meeting includes providers of online gaming software, security devices and solutions and pharmaceutical products.
VNA
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