Korean businesses learn about Nghe An products
(Baonghean.vn) - On the afternoon of June 9, after working with the province, the advance delegation of Gwangju city (South Korea) had a working session with the Department of Industry and Trade and Nghe An enterprises with export activities to South Korea.
Attending the meeting, on behalf of Gwangju city, there were Mr. Chang Kyoon Jeong - Director of the Department of Foreign Affairs of Gwangju city - Korea; ChaeSang Lim - General Director of Y-Mart Company. On behalf of Nghe An province, there were Mr. Pham Van Hoa - Director of the Department of Industry and Trade; Tran Khanh Thuc - Director of the Department of Foreign Affairs; representatives of the Center for Investment, Trade and Tourism Promotion; 18 enterprises wishing to export to the Korean market.
More than 54 enterprises export to the Korean market
Expressing his honor to welcome the Gwangju city advance delegation to work at the Department of Industry and Trade, Mr. Pham Van Hoa - Director of the Department of Industry and Trade said that Korea is one of the important and potential markets for Nghe An's export enterprises in recent years.
According to statistics, totalimport and export turnoverTwo-way trade between Nghe An and South Korea in 2021 reached 452 million USD, an increase of 45% compared to 2020. Of which, export turnover reached 246.1 million USD, accounting for 11.65% of the province's total export turnover, ranking 3rd after the Chinese and Hong Kong markets.
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Director of the Department of Industry and Trade Pham Van Hoa exchanged some information on Nghe An's import and export activities to Korea. Photo: Thu Huyen |
Currently, Nghe An has more than 54 participating enterprises.export to Korean marketwith 8 main product groups, including: Textiles; Electronic components and equipment; Electric wires and cables; Textile and footwear raw materials and accessories; Stone products of all kinds; Packaging; Processed fruits; Pine resin, pine incense;...
However, in the process of exporting to the Korean market, enterprises of the province have encountered many difficulties, especially the conditions and technical barriers of Korea tend to be tightened. Recently, the Department of Industry and Trade has had many solutions to support enterprises to promote exports to the Korean market such as: Organizing a meeting with the Vietnamese Trade Counselor in Korea with import-export enterprises of Nghe An province; providing information about the Korean market; Providing information on conditions and technical barriers of Korea to enterprises...
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Gwangju city delegation speaks at the working session with the Department of Industry and Trade. Photo: Thu Huyen |
In the coming time, with the aim of promoting trade relations between Vietnam and Korea in general and Nghe An province with Gwangju city in particular, Mr. Pham Van Hoa proposed to build a mechanism for providing and exchanging information to learn about culture, investment and trade situation between the two sides. Gwangju city government supports Nghe An to export some products with export conditions of Nghe An such as: Seafood (frozen, fish meal...), ginger, fruits and processed fruits (oranges, passion fruit, pineapple...). Proposing the Y - Mart supermarket chain through capturing information on products introduced at the meeting as well as other products to research and bring some products to sell in Korea.
Strengthening connections, bringing Nghe An goods to Korea
At the meeting, the two sides discussed, exchanged and prepared favorable conditions for trade cooperation between the two countries in general and Nghe An province with Gwangju city in particular.
Mr. ChangKyoon Jeong - Director of the Gwangju City Department of Foreign Affairs said that the city wishes to cooperate in various fields with Nghe An province and this working trip is an important premise to be able to move towards signing an agreement to establish friendly and cooperative relations with Nghe An. The connection between the two sides will create conditions for people of the two provinces and cities to access and use products of each country; Enterprises also have the opportunity to learn and connect for export and import to the Korean market.
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Mr. ChaeSang Lim - General Director of Y - Mart Company learned and discussed with Nghe An enterprises at the meeting. Photo: Thu Huyen |
On this occasion, Y-Mart Company also took the time to learn specifically about the products of Nghe An enterprises displayed and introduced at the meeting. Mr. ChaeSang Lim - General Director of Y-Mart Company said that the potential of goods, especially agricultural products of Nghe An is very large, however, some products can enter the Korean market, the list of imported goods of Korea must be reviewed. Currently, there are many citizens of Asian countries, including Vietnam, living and working in Korea; the demand for goods of Vietnamese origin is very high. Many Vietnamese products are favored by Korean people, such as pho, noodles, etc. In the future, after working sessions, connecting supply and demand for export and import, it is hoped that Nghe An goods will be more present in the Korean market.
