According to the department, there is an ample room for Vietnamese firms to promote their export of the fruit to the RoK in the coming time. It urged Vietnamese exporters to fully tap advantages created by the Vietnam - Korea FTA (VKFTA) to boost exports to the country.

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Citing data from the Korea International Trade Association (KITA), the department said that the RoK’s mango import from Vietnam in the first three months of 2023 reached 8,000 tonnes worth 36. 4 million USD, down 18% in volume and 19% in value over the same period last year.

According to the Vietnam Trade Office in the RoK, in 2023, a number of factors will continue to affect Vietnam's exports to the country because the Korean economy faces huge inflationary pressure, and rising interest rates.

In order to promote the export of Vietnamese goods, especially agricultural and aquatic products and processed foods, to the RoK, Vietnamese businesses should pay special attention to meeting Sanitary and Phytosanitary Standards (SPS) of the nation.

Attention should be paid to strengthening exchanges and cooperation activities between domestic business associations and Korean counterparts, as well as with distribution corporations of the RoK such as Lotte Mart, E-Mart, Home Plus, and CJ Home Shoping, thus increasing sales opportunities in supermarkets and distribution channels in the RoK, the office said.

It also recommended other measures, including supporting Vietnamese enterprises to promote and sell their products at major Korean e-commerce sites such as Coupang and Gmarket, encouraging Vietnamese exporters to take part in prestigious trade fairs in the RoK, and organising field trips for RoK firms which are interested in setting up trade and investment cooperation with Vietnamese companies and business associations.

In particular, Vietnam needs a stronger mechanism to attract Korean businesses to cooperate and invest in producing agricultural products for export to the RoK, it added.

Rice export prices on the rise

Vietnam’s rice export prices grew 9.2% year on year to $532 per tonne in the first quarter of 2023, said the General Department of Vietnam Customs.

Four items with export turnover exceeding 5 billion USD in Q1 2023

Four export commodities posted turnover of more than 5 billion USD in the first quarter of 2023, accounting for 52.8 percent of Vietnam’s export turnover.

PM urges promotion of production, investment, import-export activities

Prime Minister Pham Minh Chinh has just signed and promulgated Official Dispatch No.238/CD-TTg on promoting production, business, construction investment, and import and export activities in the coming time.

Exports-imports via Lao Cai border gate thrive in Q1

Export-import activities via Lao Cai at the China border thrived in the first quarter this year, reaching nearly US$186 million, the local customs agency reported.

Vietnam eyes 30 billion USD in food, food stuff exports annually

Vietnam has issued a national action plan on building a transparent, responsible and sustainable food and food stuff system to 2030, with a goal of maintaining the export turnover of over 30 billion USD each year.

Source: VNA