VN, S Korean businesses sign 10 contracts

November 09, 2016 | 08:56

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Ten contracts and memoranda of understanding worth nearly VND1 billion (US$44,800) have been signed between Vietnamese and South Korean businesses at an industry-trade-tourism fair which concluded on November 7.

Ten contracts and memoranda of understanding worth nearly VND1 billion (US$44,800) have been signed between Vietnamese and South Korean businesses at an industry-trade-tourism fair which concluded on Monday.- VNS Photo

The five-day fair themed "Viet Nam-South Korea Cooperation for Mutual Development" was held in the southernprovinceofBa Ria-Vung Tau.

Truong Van Thoi, director of the provincial Trade Promotion Centre, said the event attracted some 40,000 visitors who spent over VND6.5 billion. Wooden furniture businesses earned the highest revenue totalling VND1.7 billion, followed by firms in textile, garments and the retail sector. Meanwhile, South Korean companies posted total revenue of some VND1.1 billion.

The fair facilitated local enterprises and businesses of both sides to foster their trade promotion activities, share market information and exchange experiences, helping them find suitable partners.

The event featured 348 booths showcasing products of 194 firms, including 84 from Ba Ria-Vung Tau and 35 from outhKorea.

Participants brought to the fair various items, including wooden products, handicrafts, interior décor and garments, as well as seafood, plant varieties, cosmetics and other consumer goods.

VNS

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