RoK, VN start negotiation on FTA
This is seen as the two sides’ efforts to enhance bilateral economic ties, said the RoK Trade Ministry on August 29.
Last August, both countries agreed to start FTA negotiations after completing a joint research on the feasibility of the agreement in November 2011.
According to the RoK Trade Ministry, Vietnam is an emerging and quickly growing nation with an average economic growth of 5-8 per cent annually.
Last year, Vietnam was the 15 th biggest trade partner of the RoK, with RoK’s exports to Vietnam worth $13.55 billion, an increase of 40 per cent from 2010, and Vietnam’s exports to the RoK worth $5.08 billion, an increase of 53 per cent in the same period.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Logistics promise for foreign investors (October 17, 2024 | 16:02)
- Ensuring technological progress in northern midlands and mountainous regions (October 10, 2024 | 09:00)
- Manufacturing production suffers after Typhoon Yagi (October 01, 2024 | 17:11)
- Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC (October 01, 2024 | 16:46)
- Vietnam urges China to expand market access for agricultural products and strengthen trade ties (October 01, 2024 | 16:42)
- IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024 (September 30, 2024 | 18:26)
- Deli Group breaks ground on $270 million factory in Hai Duong (September 30, 2024 | 18:17)
- Government considering tax on multiple properties (September 27, 2024 | 20:17)
- Accuracy more vital than ever in dawn of AI (September 26, 2024 | 20:44)
- Vietnam remains attractive destination for US businesses (September 26, 2024 | 20:23)
Mobile Version