Chuncheon City firms promote biotech products in Vietnam

15:36 | 14/09/2017 Science - Technology

(VEN) - Eighteen members of South Korea’s Chuncheon Bioindustry Foundation (CBF) have introduced more than 100 biotechnology products to Vietnamese consumers at a three-day (September 13-15) promotional event in Ho Chi Minh City.

CBF President Mr. Jeon Ju-Su said the 18 biotech firms – 8 cosmetic companies, 6 functional food companies, 2 environmental companies, and 2 medical equipment companies – are presenting at least 120 products manufactured in Chuncheon Bio Town, which represents the Republic of Korea’s bioindustry today.

He said the 18 firms are hoping that the event will help more Vietnamese consumers access and select high-quality products from Korea.

The event is being held in cooperation with Vietnam’s Lien Hoa Group and the Ben Tre Business Club.

This is the second time that businesses from Chuncheon City are introducing their products to Vietnamese consumers, the first being at the Vietfood & Beverage - Propack 2017 exhibition held in early August, also in HCMC.

Lien Hoa Group General Director Mrs. Truong Thi Nhi said: “This event will continue to open up broad opportunities for Korean and Vietnamese businesses to share information and seek partnerships in areas that Chuncheon City is strong in, including cosmetics, functional foods, medical equipment and environmental products. At the same time, it will also help local enterprises in provinces of Ben Tre, Tien Giang, Dong Thap and HCMC access investment, expand production and export hi-tech agricultural products to the RoK, taking advantage of the FTA between the two countries.

“The Lien Hoa Group officially opened a representative office in the RoK on September 1, 2017. Through the representative office, the Group wishes to create conditions for promoting trade and investment activities, and to act as a reliable bridge between businesses of both two countries.”

Mr. Choi Dong-Yong, Mayor of Chuncheon City, said: “Chuncheon has been striving hard to bring up bioindustry as a way to attain sustainable growth while keeping the natural environment clean. These efforts have been supported by the Central Government of Korea, including with funding of US$200 million since the mid 1990s, when Chuncheon was selected as the model city for bioindustry development for the first time in the country.

“Through this event, Chuncheon City, along with CBF, wishes to establish a firm foundation for a win-win partnership between Korea and Vietnam, share the technology and know-how we have accumulated in bioindustry development.”