"Many Vietnamese agricultural products are favored by South Korean consumers due to their quality and competitive prices," Jeong Joon Kyu, CEO of the Korea Trade-Investment Promotion Agency in HCMC, said on the sidelines of the 2024 Vietnam-Korea Plus Partnership Week, which opened on Tuesday.

Most notably, coffee exports were up 39% at $75.6 million and pepper exports jumped by 147% to $19.8 million.

Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, said South Korea has become Vietnam's second largest fruit and vegetable export market.

Mango, longan, dragon fruit, banana, pineapple, and durian are the biggest exports to the market, he added.

Other exports like electronic components, computers, phones, machinery, and textiles increased by 2-14%. Overall exports topped $12 billion, up nearly 11%.

Speaking at the event, Do Nhat Hoang, director of the Foreign Investment Agency, said South Korean businesses have been investing more in Vietnam.

Of their nearly $87.5 billion so far, they have invested 75% in manufacturing. He expected the figure to rise by $10 billion in the near future.

During a visit to South Korea in late June Prime Minister Pham Minh Chinh met with many business executives who expressed interest in investing in Vietnam.

They include tech giant Samsung, which announced it would invest heavily in the country over the next three years.

Vietnam sees strong rice exports driven by rising prices

Vietnam’s rice export prices have reached close to 1,000 USD per tonne, far exceeding the prices seen in previous years.

Seven items post export value of over 7 billion USD in H1

In the first half of this year, Vietnam saw 7 export items posting a turnover of more than 7 billion USD, accounting for 65.6% of the country’s total export value.

Agro-forestry-aquatic product exports rise by 19% in six months

Vietnam shipped some 29.2 billion USD worth of agro-forestry-aquatic products abroad during the January-June period, a year-on-year increase of 19%, according to the Ministry of Agriculture and Rural Development.

Forestry exports up 21% in H1

The export value of timber and wood products hit $7.95 billion in the first half of 2024, up 21.2% year-on-year, the Forestry Department under the Ministry of Agriculture and Rural Development has reported.

Seven best-performing exports in first half of 2024

Vietnam had seven exports posting revenue of over 5 billion USD in the first six months of the year, accounting for 65.6% of the country’s total export turnover.

Source: VnEpxress