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South Korea firms seek partners
South Korean businesses are keen on increasing trade and investment ties with Viet Nam, says Chae Byeong Yong, general director of the Korea Industrial Complex Corporation (KICOX).
Yong was speaking on the sidelines of business-to-business (b2b) meetings held between a visiting delegation of 14 South Korean firms and Vietnamese businesses in HCM City on Wednesday.
He said the Korean delegation comprised of businesses dealing in industrial machinery, information technology, electronics, semi-conductor production, solar energy, food processing, fashion and cosmetics.
Nguyen Doan Thong, representative of the Viet Nam Chamber of Commerce and Industry, expressed high appreciation of KICOX's activities in creating favourable conditions for Vietnamese and South Korean businesses to foster investment relations.
He said b2b meetings were an opportunity for enterprises from both countries to exchange information on products and prices and seek strategic partners.
In the last two years, the RoK has surpassed Japan to become Viet Nam's second largest supplier of goods, including garment accessories, footwear, machinery spare parts and plastics.
The RoK is also the fourth largest market importing Vietnamese goods, accounting for 4 per cent of Viet Nam's export turnover.
Viet Nam's Asiatech Environment and Technology Development Co, which specialises in wastewater treatment, and the Republic of Korean (RoK) 's Puree Chem Co signed a co-operation agreement during the b2b meetings on Wednesday
vietnamnews
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