Southern localities of Vietnam has been a major destination for investment from the Republic of Korea (RoK) in recent years, and local textile-garment and footwear industries have proved to be a magnet for an influx of capital from this country.

The Republic of Korea (RoK) continues to be the largest foreign investor in Vietnam thus far, making it a big investment success story in the country.

Vietnamese exporters should improve quality of their products if they want to increase their shipments to the Republic of Korea (RoK), the market that is enforcing more stringent control on imported products, experts have said.

Vietnam’s policy on tightening control over import and decreased domestic consumption as well as exports in South Korea have prompted South Korean investors to set their car part production bases in Vietnam.

2017 marked the 25th anniversary of bilateral relations between Vietnam and Korea (December 22, 1992-2017), with numerous outstanding achievements in the fields of economy, trade, investment, and social and cultural co-operation.

A quarter of a century of diplomatic relations between Vietnam and the Republic of Korea (RoK) has yielded substantial progress, especially in investment and trade, said Bui Huy Son, head of the Ministry of Industry and Trade’s Vietnam Trade Promotion Department (Vietrade).

Viet Nam is likely to reach US$70 billion of bilateral trade with South Korea by 2020, an official said at a seminar on export promotion to South Korea held on Friday in HCM City.

The Việt Nam-South Korea Free Trade Agreement, which came into effect in December 2015, has given a big boost to economic ties between the two countries, a Korean diplomat told a seminar in HCM City yesterday

The Korea-Vietnam Free Trade Agreement has been the key driver in Korea’s soaring exports and investment into Vietnam, especially in the foodstuffs and consumer foods sector.

South Korean business executives in a dialogue on June 13 with the HCMC Customs Department complained the prevailing customs regulations are difficult to comply with and requested such rules be further streamlined.