Economy
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| Việt Nam is viewed as a major market for RoK multinational corporations such as Lotte and LG, as the companies have expanded investment in the country. — Photo VOV |
Viet Nam News
HCM CITY — An event connecting technology ventures from Việt Nam and the Republic of Korea (RoK) was held in HCM City on Wednesday to strengthen cooperation and trade activities between businesses of the two countries.
It was organised by Vuccess Co., Ltd of the RoK, with support from the State Agency for Technology Innovation of the Ministry of Science and Technology, the Vietnam Trade Promotion Agency (Vietrade) of the Ministry of Industry and Trade, along with the Korea Institute of Science and Technology and Korea Techno-Ventures Foundation.
At the event, Vietnamese firms were updated on the latest technology and cooperation opportunities through 11 leading businesses of the RoK in various fields, including information technology, communications, power-electronics, garment-textile, chemistry, construction, energy and environment.
Bùi Hoàng Yến from Vietrade said that since Việt Nam and the RoK established diplomatic relations in 1992, their bilateral friendship has thrived. The countries have paid attention to fostering multifaceted co-operation, especially in economy.
The RoK is currently the third largest trade partner of Việt Nam, as well as the country’s leading foreign investor.
Việt Nam is viewed as a major market for RoK multinational corporations such as Samsung, Lotte and LG, as the companies have expanded investment in the country.
In addition, the RoK Government has introduced incentives for the effective implementation of the Việt Nam-Korea Free Trade Agreement, which paves the way for small- and medium-sized enterprises from the RoK to enter the Vietnamese market. — VNS
