AloTrip

Where do you travel?

Vietnam products interest Korean market

Mon, 08 Dec 2014. Last updated Sun, 03 May 2015 20:44

Related stories

In a recent trade conference between Vietnam and Korea, many Korean firms expressed their desire to cooperate with Vietnam businesses in more fields. Especially, Korea takes special interest in Vietnam products including agriculture and fishery products.

Accordingly, Korean enterprises want to make business cooperation with Vietnam in both import and export. On the import side, Korean businesses desires to import metal (aluminum, copper), chemicals (inorganic, organic), plastics, rubber, coal; pharmaceuticals, functional foods, herbs, health care products; fisheries such as shrimp, fish, and so on. Especially, Korean enterprises are quite interest in Vietnamese foods. In details, Korea wants to import raw foods, dairy products, wheat, cooking oils, processed foods, organic foods, alcoholic beverages, wheat flour, canned meat, soybeans, coffee, black pepper, white sugar, etc. In terms of export, Korean enterprises wish to export generators, compressors, energy-saving system; semiconductors; lubricants; food, health care products, and so forth.

Vietnam shrimp export

Speaking at the conference, Chairman of Korean Importers Association (KOIMA) Tae Yong Shinn said that KOIMA has over 8,000 member businesses cooperating with Vietnam enterprises before. Mr. Shinn stated: "Korean businesses want to make extensive cooperation in diverse fields with Vietnam enterprises. This time, Korean firms come to Hanoi to explore Vietnam market, assess the potentials, and establish trade relations with Vietnam businesses." Also at the conference, Deputy Minister of Vietnam industry and Trade Do Hai Thang highly appreciated Vietnam - Korea trade cooperation between in recent years. Specifically, in the first ten months in 2014, Korea invested in Vietnam 415 new projects.

Buon Me Thuat Coffee

Currently, Korean investors has invested in 11/18 fields in Vietnam national economy. In the early ten months of this year, almost Korean projects focused in the fields of manufacturing and processing industries, which accounted for 85.1% the total registered capital in Vietnam. Besides, real estates and hotels and restaurants also took the relative proportion. According to Mr. Do Hai Thang, until October 2014, Korea has 4,020 investment projects in Vietnam with the total registered capital of 33.4 billion USD. Vietnam- Korean trade relations are currently governed by many trade agreements. In the next times, when Free Trade Agreements (FTA) between Vietnam and Korean is signed, it is expected that there are many new breakthroughs in the strategic relations between two countries.

According to Deputy Director of Asia Pacific market Le Hai An, 2015 is an important year for Vietnam to join Asian Economic Community (AEC) and start 5-year development plan. Mr. Hai said that this was a very wonderful opportunity for Korean enterprises investing in Vietnam. Vietnam has many advantages for exports with important commodities such as rice, coffee, pepper, etc. that Korean enterprises take interest.

  • View
    3404
  • Share
    0
  • Comment
    0
  • 0
  • 0
  • 0
Vietnam Textile and Garment export can reach 24.5 billion USD
Vietnam Textile and Garment export can reach 24.5 billion USD

Vietnam Textile and Garment export 2014 is more likely to reach 24.5 billion dollars, an increase of over 19% in comparison to the previous year. It have been said that this is the largest increase in three preceding years.

Vietnam coffee price strongly increases
Vietnam coffee price strongly increases

Coffee output of Brazil falls sharply, which will be a great chance for Vietnam coffee to surpass world coffee market. By dint of this, the price of Vietnam coffee will increase significantly, creating benefit for farmers planting coffee in Vietnam.

First batch of Vietnam longan exported to the US market
First batch of Vietnam longan exported to the US market

On December 8th, the first batch of Vietnam longan was exported to the US market by airway. Although the price of air freight is much higher than sea freight, it is expected that the price of Vietnam longan will fluctuate from 20 to 25 dollars/ 1 kg.

Vietnamese products attract interest in South Africa fairs
Vietnamese products attract interest in South Africa fairs

On June 22th, the 21st South Africa International Trade Exhibition has been opened in Johannesburg City of South Africa. During the exhibition, international importers show great interest in Vietnamese products.

Comprehensive Vietnam - Australia cooperation set
Comprehensive Vietnam - Australia cooperation set

In the framework of the official visit to Australia, on March 18, Prime Minister Nguyen Tan Dung met seniors of Australia to discuss about Comprehensive Vietnam - Australia cooperation in many fields such as human resource and economic sectors.

Vietnam and Russia hold conference of investment promotion
Vietnam and Russia hold conference of investment promotion

On May 20th, the conference of investment and commerce promotion between Vietnam and Russia was held in Ho Chi Minh City with the theme of “Hanoi – Moscow Center for Culture, Trade and Hotel: the commercial bridge between Vietnam and Russia.

Vietnam products attract Russian market
Vietnam products attract Russian market

Recently, Vietnam – Russia Business Forum was organized in Ho Chi Minh City by Vietnam Chamber of Commerce and Industry. In this forum, both Vietnam and Russia express cooperative spirit to boost Vietnam products development in Russia and vice versa.

Vietnam enterprises invests in international markets
Vietnam enterprises invests in international markets

While several Vietnam enterprises are trying to fend off economic crisis, others continue to expand exponentially into international markets where competition is extremely fierce.

Vietnam encourages investment from Bulgarian businesses
Vietnam encourages investment from Bulgarian businesses

In Vietnam and Bulgaria businesses talk, Prime Minister Nguyen Tan Dung wished more Bulgaria investment in Vietnam will be encouraged from businesses in Bulgaria in modern agricultural projects, pharmaceuticals, clean energy, and mechanical engineering.

Agribank in Top 10 biggest Vietnam businesses
Agribank in Top 10 biggest Vietnam businesses

In the list of VNR 500, Agribank was honored in top 10 biggest Vietnam businesses. The bank contributes 78.4% of t otal mobilized capital. Along with the bank, there are many state-owned enterprise listed in the Top 10.

Vietnam market is the hottest market of Apple
Vietnam market is the hottest market of Apple

According to a recent report of Apple, Vietnam has become the hottest market of this company. The revenue of Vietnam Apple market has tripled in the first half of 2014, especially the sales of iPhone has doubled.

Vietnam real estate market 2015 will flourish
Vietnam real estate market 2015 will flourish

In a workshop on a subject of "Forecasting Vietnam real estate market in 2015" held in Hanoi and Ho Chi Minh City in this month, real estate experts predicted that according to Housing Development Strategy 2020, Vietnam real estate 2015 will flourish.

The groundbreaking ceremony of Gia Nghia Commercial Center
The groundbreaking ceremony of Gia Nghia Commercial Center

On June 30, 2014, in Gia Nghia Town, Saigon Commercial Cooperative Union, Saigon Co.op and Gia Nghia People's Committee organized the groundbreaking ceremony of Gia Nghia Town Commercial Center, the first and biggest commercial center in Dak Nong.

Investment in Hanoi attracts more foreign capital
Investment in Hanoi attracts more foreign capital

After Vietnam joined WTO, investment projects come to Vietnam more and more. Hanoi is one of the leading localities participating in appealing foreign investment in Northern Vietnam. Investment in Hanoi has gained significant achievement.

Start Phan Thiet Airport project
Start Phan Thiet Airport project

Recently, Phan Thiet Airport was inaugurated to construct under a BOT project. It is the first airport in Vietnam applies the construction form. The airport is expected to contribute greatly to the socio-economic development of Binh Thuan.

Vietnam stock market receives huge investment from Singapore
Vietnam stock market receives huge investment from Singapore

Vietnam is becoming a potential destination for foreign investors. The clearest evidence is that Vietnam stock market continuously receives positive information from Singaporean investors in the early months.

Vietnam Italy Exhibition: Colori Distanti
Vietnam Italy Exhibition: Colori Distanti

In the framework of the Italy - Vietnam 2014 program, the Embassy of Italy organizes Vietnam Italy Exhibition: Colori Distanti of Italian photographer, Maurizio Cofini on 14/11 in Hanoi. The event is expected to bring great and meaningful moments.

Bach Dang Bridge in Quang Ninh to be built
Bach Dang Bridge in Quang Ninh to be built

Bach Dang Bridge construction inauguration is another phase in project of Halong Haiphong Highway. The Bach Dang Bridge will contribute to the development of the city in particular and the region in general.

Vietnam greatly contributes AMM47 success
Vietnam greatly contributes AMM47 success

In AMM-47, Vietnam has greatly contributed to implementing the main and priority points of ASEAN and the region on building community, connection, cooperation in many fields, as well as the orientation of ASEAN development after 2015.

First Vietnam Airlines A350 XWB tested by Airbus
First Vietnam Airlines A350 XWB tested by Airbus

In the coming time, Vietnam Airlines will welcome the first Airbus A350 XWB. Vietnam Airlines will be come the first carrier in Asia owning the latest aircraft of Airbus. At the same time, the airline will receive its Boeing B787-9 Dreamliner this month.