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VietNamNews

Show promotes exports to S. Korea

Update: June, 25/2015 - 10:10
Lotus seeds being processed at Lai Hoai Company for export to South Korea, the third largest trading partner and the biggest foreign investor in Viet Nam. — VNA/VNS Photo Dinh Hue
HCM CITY  (VNS) — Many of Viet Nam's typical products like fruits and other agricultural products, seafood, garments, plastic, and handicrafts are on display at Lotte Mart Saigon South in District 7 until Sunday.

"Typical Vietnamese branded products" hopes to create favourable conditions for Vietnamese and South Korean firms to enhance co-operation and to promote consumption among Vietnamese consumers and South Koreans living in Viet Nam.

The event also aims to understand more about South Korean consumers' needs to select suitable products for export to South Korea.

Hong Won Sik, general director of Lotte Mart Viet Nam, said the event would help Vietnamese firms export to South Korea.

The supermarket plans to have the "Typical Vietnamese branded products" programme at more than 100 Lotte Mart supermarkets in South Korea in October, he said.

A conference and business meeting between South Korean and Viet Nam will be organised today at Lotte Legend to enable government agencies, business associations, and businesses to understand more about the opportunities and challenges thrown up by the Viet Nam-Korea Free Trade Agreement.

The event was organised by Cong Thuong newspaper, Lotte Mart Viet Nam, Small and medium Sized Enterprises Development Centre No 2, and the Investment and Trade Promotion Centre of HCM City.

Korea is the country's third largest trading partner and the biggest foreign investor.

Last year Viet Nam's exports to the country were worth US$7.11 billion, a year-on-year increase of 7.7 per cent, while it spent $21.74 billion on imports. — VNS

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