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In spite of Vietnam’s prolonged trade deficit with the Republic of Korea (ROK), it is still no big concern as the Northeastern Asian economy aims to swell its investment and exports to its strategic partner for production and re-exports.

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The Vietnam – Korea Business Forum with the theme of “Cooperation for a sustainable future” was held virtually on July 8.

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Vietnam raked in US$369.2 million from exporting timber and wooden products to the Republic of Korea (RoK) during the five months of the year, an increase of 7% against the same period last year, according to the General Department of Vietnam Customs.

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Vietnam’s Ministry of Industry and Trade (MOIT) and the Republic of Korea’s Ministry of Industry, Trade and Energy held a joint online policy dialogue in the field of logistics and distribution on April 9.

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Consul General of the Republic of Korea Kang Myeong Il expressed his desire to boost cooperation between his country and Vietnam during a meeting with Ho Chi Minh City Mayor Nguyen Thanh Phong on March 12.

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A signing ceremony for a comprehensive strategic cooperation agreement was held in Ho Chi Minh City on December 31 to promote trade and investment cooperation between Vietnam and the Republic of Korea (ROK).

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The Ministry of Industry and Trade (MoIT) and the Ministry of Trade, Industry and Energy of the Republic of Korea (RoK) recently signed an exchange letter on the implementation of the cumulation of origin of textile between the two nations under the EU-Vietnam Free Trade Agreement.

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During her talks with Speaker of the RoK’s NA Park Byeong-seug in Hanoi on November 2, the top Vietnamese legislator welcomed his five-day official visit to Vietnam

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A business networking event to promote connection of technology supply and demand between enterprises of Vietnam and the Republic of Korea (RoK) took place in the northern port city of Hai Phong on November 3.

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Prime Minister Nguyen Xuan Phuc hosted a reception on July 29 in Hanoi for groups and businesses from the Republic of Korea (RoK) that are investing in Vietnam.

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