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VN, S Korean businesses sign 10 contracts

Update: November, 08/2016 - 19:00
Viet Nam News

BÀ RỊA-VŨNG TÀU – Ten contracts and memoranda of understanding worth nearly VNĐ1 billion (US$44,800) have been signed between Vietnamese and South Korean businesses at an industry-trade-tourism fair which concluded on Monday.

The five-day fair themed “Việt Nam-South Korea Cooperation for Mutual Development” was held in the southern province of Bà Rịa-Vũng Tàu.

Trương Văn Thôi, director of the provincial Trade Promotion Centre, said the event attracted some 40,000 visitors who spent over VNĐ6.5 billion. Wooden furniture businesses earned the highest revenue totalling VNĐ1.7 billion, followed by firms in textile, garments and the retail sector. Meanwhile, South Korean companies posted total revenue of some VNĐ1.1 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 Bà Rịa-Vũng Tàu and 35 from South Korea.

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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