Gyeongsangnam-Do (South Korea) and SMEs- TAC ink deal

November 14, 2014 | 09:28

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South Korea’s Gyeongsangnam-Do recently inked a deal with the assistance centre for small and medium-sized enterprises in the south of Vietnam (SMEs –TAC) in a bid to support Vietnam’s small and medium-sized enterprises and promote trade links between the two sides.

The two partners will accelerate the activities to assist Vietnam’s small and medium-sized enterprises (SMEs) such as organising exhibitions to introduce products, sharing information networks among enterprises and export promotion, according to Nguyen Van Tuat, SMEs –TAC’s manager in the south.

Gyeongsangnam-Do is a coastal province located in South Korea’s southern region. It is the centre of the global shipbuilding and marine industry. The province also has other important industries like textile and garment, shoe, aircraft and car accessories.

Meanwhile, SMEs- TAC is currently managing 300,000 SMEs in 22 southern provinces, having advatanges to update information about SME members quickly and comprehend the strengths of each southern province.

“Therefore, this agreement can solve the weaknesses of Gyeongsangnam-Do and expand growth opportunities for SMEs,” said Tuat.

Yang Eun Ju, the representative from Gyeongsangnam-Do, said his province was looking forward to improving its commercial viability due to the shortage of market information.

“We hope Gyeongsangnam-Do will cooperate with more provinces in Vietnam and promote trade links between Vietnam and South Korea,” he said.

The cooperation agreement is a major step forward in assisting the SMEs in both countries.

By By Thanh Van

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