A B2B meeting was organised by the VCCI and K-Fish Trade Support Centre in HCM City, providing opportunities for 12 firms from the RoK and 50 local seafood companies to seek and foster partnerships.
Korean seafood companies hoping to find Vietnamese partners at a B2B meeting in HCM City on July 24 , 2018 (Source: VNA)
HCM City (VNA) - A business-to-business (B2B) meeting was organised by theVietnam Chamber of Commerce and Industry and K-Fish Trade Support Centre in HCMCity, providing opportunities for 12 firms from the Republic of Korea (RoK) and 50 localseafood companies to seek and foster partnerships.
The RoK firms said they are looking to exportraw and processed seafood to Vietnam and import raw seafood from the SoutheastAsian nation for processing.
Bae Byeong-Cheol, chief representative ofK-fish, said: “RoK seafood is plentiful in terms of variety, and because of thedifference in climate and location, the RoK can supply a great deal ofhigh-quality products unavailable in Vietnam”.
“We are striving to help more Vietnamese enjoy RoKseafood,” he added.
Consumers in both countries have shown theirfavour and would like to try more of each other’s seafood products, he said.
Le Thi Nguyet of the Van Kim Commercial JointStock Company said RoK seafood products are very safe and of very high quality,but are usually more expensive than products from Southeast Asian countries,which could deter many Vietnamese from consuming them.
Bae said several RoK companies are facingdifficulties in exporting raw seafood to Vietnam because of the lengthy customsand other formalities involved, and would like to see the process streamlined.
Vietnamese seafood exports to the RoK reached 390.7million USD in the first six months of this year, accounting for 9.8 percent ofthe total seafood export turnover of the country, the General Department ofVietnam Customs reported.
In recent years, K-Fish Trade Support Centre has regularly organised events topromote exchange and trade links between the two countries’ enterprises, makingit easy for RoK firms to introduce traditional processed products to Vietnameseconsumers.
The two countries aim to lift their two-way trade to 100 billion USD by 2020.
The RoK is now the biggest foreign investor in Vietnam, and also one of itsmost important trade partners.-VNA
The Republic of Korea (RoK) poured 2.32 billion USD in Vietnam in the first four months of 2018, making up nearly 30 percent of the inflow of investment in the Southeast Asian country.
The Republic of Korea's overseas direct investment plunged in the first quarter from a year earlier due to a base effect, according to the data compiled by the RoK’s Ministry of Strategy and Finance.
Many cosmetics businesses from the Republic of Korea plan to introduce more products in Vietnam, revealed the Korea Chamber of Business in Vietnam (KORCHAM).
A delegation of investors from the Republic of Korea (RoK) has visited Hoa Phat Group, one of the three largest steel producers in Vietnam, to seek partnership opportunities.
A delegation from the Vietnam-Republic of Korea Association for Society, Economy, and Culture (COVESECA) visited the Red River Delta province of Ha Nam on July 4 to study the locality’s investment climate.
Vietnam and the Republic of Korea (RoK) have secured successful outcomes in the textiles sector based on their establishment of a cooperative system that supplements one another with technology and human resources.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Korean seafood companies hoping to find Vietnamese partners at a B2B meeting in HCM City on July 24 , 2018 (Source: VNA)
