This is the first time Vietnam has become the largest trade partner of the RoK.

The ministry reported that the RoK’s export turnover to Vietnam last year totaled 60.98 billion USD, while it spent 26.72 billion USD on importing goods from the Southeast Asian nation.

A yarn production line of KSA Polymer Hanoi JSC invested by the RoK at Thuy Van Industrial Park in Phu Tho province.

An official from the ministry said that among the ASEAN countries, Vietnam is emerging as a production base for global companies, adding that Korean businesses are constantly making inroads into the Vietnamese market.

After Vietnam, the countries and territories that the RoK had large trade surplus included the US with 28.04 billion USD, Hong Kong (China) 25.79 billion USD, India 9.98 billion USD, and Singapore 9.86 billion USD.

Last year, the RoK’s export turnover hit a high record of 683.9 billion USD, leaping to the sixth position in the world. However, it also recorded a record high trade deficit of 47.2 billion USD as its imports soared amid rising energy prices.

President Nguyen Xuan Phuc meets Vietnamese community in RoK

President Nguyen Xuan Phuc met with staff of the Vietnamese Embassy and representatives of the Vietnamese community in the Republic of Korea (RoK) in Seoul on December 4, part of his ongoing State visit to the Northeast Asian country.

Vietnamese firms to have more chances to increase exports to the RoK: official

Vietnamese businesses, especially those operating in technology and electronics, have many favourable conditions and big opportunities to export their products to the Republic of Korea (RoK), according to Pham Viet Tuan, First Secretary in charge of investment at the Vietnamese Embassy in the RoK.

Hanoi hosts Vietnam – RoK culture exchange

A Vietnam – Korea culture exchange programme was held in Hanoi on November 20 by the Foreign Ministry’s State Commission for Overseas Vietnamese (SCOV) in coordination with the Association for Liaison with Overseas Vietnamese and the Vietnamese Buddhist Cultural Centre in the Republic of Korea (RoK).

Vietnam keen on promoting personnel training cooperation with RoK

Prof. Dr. Nguyen Xuan Thang, Politburo member and Chairman of the Central Theory Council and General Director of the Ho Chi Minh National Academy of Politics (HCMA) had a meeting with the Republic of Korea (RoK)’s Ambassador to Vietnam Oh Young-ju in Hanoi on November 14.

Provincial leader meets with overseas Vietnamese entrepreneurs in RoK

(BGO)- Permanent Vice Chairman of the provincial People’s Committee Mai Son on November 4 had a meeting with the delegation of overseas Vietnamese entrepreneurs in the Republic of Korea (RoK) headed by Ta Dao Binh, President of Korean Global Trading Company and Chairman of Vietnamese Business Association in RoK.

Source: VNA