Economic forum to further cement South Korean economic ties

October 28, 2015 | 15:48

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On November 13, the Vietnam Chamber of Commerce and Industry (VCCI) will organise a Vietnamese-South Korean economic forum in Hanoi.

The forum is expected to attract more than 400 representatives from enterprises and economic experts from the two countries.

The event aims to promote bilateral trade relationship in the context of Vietnam’s active participation in free trade agreements, as well as the rapidly increasing bilateral trade turnover between the two countries.

In the framework of the event, the two parties will focus on discussing cooperation opportunities in three sectors, namely supporting industry, agriculture, and infrastructure and energy. Besides, the two countries’ enterprises will have opportunities to strike up partnerships, as well as find investment opportunities in the industrial and economic zones and localities.

VCCI is an important bridge to increase trade between the two countries’ enterprises via organising trade events, economic forums, and workshops.

South Korea is currently one of the largest foreign investors in Vietnam. In the first nine months of this year, South Korea ranked first out of the countries investing in Vietnam, with the newly-registered investment capital of $1.97 billion to 510 projects and the additional investment capital of $3.76 billion.

The bilateral trade turnover between the two countries stood at $27 billion in 2014, up 31 per cent on-year. The figure is expected to reach $30 billion in 2015.

By By Kim Oanh

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