Today: 21/02/2020 12:39:35 (GMT+7)

RoK-Vietnam bilateral trade up 7 percent in 11 months

Two-way trade between the Republic of Korea (RoK) and Vietnam increased 7 percent in the first 11 months of this year compared with a year ago, the Korean Ministry of Trade, Industry and Energy announced on December 19. 

The bilateral trade volume reached 62.6 billion USD by the end of November, making Vietnam the RoK’s fourth-largest trade partner after China, the US and Japan.

RoK-Vietnam, bilateral trade, 11 months, Two-way trade, bilateral trade volume,  fourth-largest trade partner, biggest foreign investor

At a supermarket in the Republic of Korea.

The RoK's exports to Vietnam rose 1.9 percent on-year to 44.5 billion USD in the period, while its imports soared 22 percent to 18.1 billion USD on strong demand for displays and electronics parts produced in Korean factories in Vietnam.

Vietnam was the RoK's eighth-largest trade partner in 2014, but has become the fourth-largest partner since the bilateral trade pact went into effect on 2015 December, the ministry noted.

Meanwhile, the RoK is now the biggest foreign investor in Vietnam, with its direct investment in the first nine months of this year coming at 2.81 billion USD, a 24.5-percent rise from a year earlier.

A growing number of Korean companies, including Samsung Electronics Co., have built factories in Vietnam to manufacture advanced technology items, including semiconductors, displays and cell phones.


RoK firms present scholarships to 90 outstanding Vietnamese students
Representatives of Republic of Korea (RoK) companies operating in Vietnam granted 90 scholarships worth a total VND900 million (US$38,700) to 90 needy Vietnamese students who have recorded outstanding academic results at a programme held in Hanoi on December 17.
Delegation from the Trade Union of RoK’s Incheon city visits Bac Giang
(BGO) - On December 17, a delegation from the Trade Union of the Republic of Korea’s Incheon city led by its Secretary-General Lee Joon-seon visited and had a working session with the Labour Federation of Bac Giang province. The leaders of the provincial Labour Federation received the delegation.
RoK President congratulates Vietnam for triumph at AFF Suzuki Cup
President of the Republic of Korea (RoK) Moon Jae-in has congratulated Vietnam’s national football team and Korean head coach Park Hang-seo on their triumph at the AFF Suzuki Cup 2018 on December 15.
Vietnam, RoK share experience in communications development, education
A delegation from the Communist Party of Vietnam Central Committee's Commission for Information and Education, led by its deputy head Nguyen Thanh Long,is on a working visit to the RoK from December 10-14 to explore experience in communications development and education. 
Korean media highlights meeting of Vietnamese NA Chairwoman, RoK President
The meeting between Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan and President of the Republic of Korea (RoK) Moon Jae-in in Seoul on December 6 has grabbed the headlines of the Korean media.

Source: VNA

RoK-Vietnam, bilateral trade, 11 months, Two-way trade, bilateral trade volume, fourth-largest trade partner, biggest foreign investor
New comment has just been added. Click here
Sort:NewBest News