Korea expands distribution channels in Vietnam

May 10, 2016 | 14:16

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Eight Korean enterprises today attended a trading event organised by the Vietnam Chamber of Commerce and Industry (VCCI), in collaboration with Korea Complex Research and Development Institute (Dae-gu Technopark), to find Vietnamese partners.

The event aims to promote export opportunities to Vietnam via trade promotion programmes, finding a direct match of Korean enterprises and Vietnamese distributors, retailers, and manufacturers. In addition, the event helped to promote the image and brand names of Korean enterprises in Vietnam.

In the framework of the event, eight enterprises operating in food manufacturing, cosmetics, and biological products displayed their products and shared their criteria in selecting Vietnamese partners. Almost all of these enterprises are major large-scale players in their respective sectors, listing names such as cosmetic producers APHRM Ltd. and SLC Co., Ltd., food producer Chunil Food Company, and biological products manufacturer JEONJINBIO Co., Ltd..

The Vietnam-Korean Free Trade Agreement (VKFTA), through the provision of ample tax incentives, is considered an important opportunity to promote bilateral trade. In addition, it will open up numerous opportunities for the business co-operation between the two countries’ enterprises.

South Korea considers Vietnam one of its four strategic export markets, along with China, Iran, and Brazil.

By By Kim Oanh

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