B2B meeting to connect Vietnamese, RoK enterprises

Monday, October 11, 2021  12:00

Hanoi (VNA) – Vietnamese enterprises will meet 19 companies from the Republic of Korea’s Jeollanam-do province during a virtual event to be held by the Korea Trade-Investment Promotion Agency (KOTRA) in Hanoi from October 18 – 22.

During the B2B meeting, Korean firms are expected to introduce a wide variety of products in agriculture and fisheries, cosmetics, industry and energy with the purpose of seeking Vietnamese partners for distributing the goods in Vietnam.

Located in the southwestern region of the RoK, Jeollanam-do is the country’s large producer of rice, wheat, barley, beans, potatoes, vegetables, cotton and fruits thanks to its favourable climate and success in applying high technology in developing agriculture, according to KOTRA Hanoi.

The Korean province has established representative offices all over the world, including Vietnam. It has been exporting organic and high-quality agricultural and fisheries products, such as mushrooms, abalone and pear, to Vietnam.

Last year, the RoK was Vietnam's third largest trade partner, after China and the United States, with the two-way trade reaching 66 billion USD. Vietnam's exports of agricultural and fisheries products, and processed food to the East Asian country totalled 1.2 billion USD.

In the first eight months of this year, the bilateral trade was valued at 49.17 billion USD, of which Vietnam's exports to the RoK were worth 14.12 billion USD and imports 35.05 billion USD./.