15:04 | 24/10/2019 Trade
The Korea Federation of SMEs (KBIZ) held a seminar in Ho Chi Minh City on October 22 to discuss measures to develop export and import markets in Southeast Asia.
|Illustrative image - Photo: VNA|
Speaking at the event, chief of KBIZ representative office in Vietnam Kim Duck-lyong said since the beginning of 2019, it has been the fifth time KBIZ has taken Korean firms to Vietnam to promote trade.
They mostly operate in machinery and spare part manufacturing and steel materials used for interior and exterior décor, air purifiers, industrial gas pumping equipment, among others. He said the event helps Vietnamese and Korean enterprises learn more about each other, their products, share experience and explore the possibility of cooperation.
In early 2019, Vietnamese Deputy Prime Minister Vuong Dinh Hue hosted a reception for KBIZ Chairman Kim Ki-mun. Kim said under the Republic of Korea’s New Southern Policy, the Korean government is building industrial parks in many countries. Apart from Myanmar, Korean enterprises have also been interested in Vietnam.
As one of the top important economic partners of Vietnam, the RoK is also the largest investor, the second largest supplier of official development assistance and the third largest trade partner of the country. Both sides are striving to raise two-way trade to 100 billion USD in 2020.