Nghe An meets online with Vietnamese Trade Counselor in Korea to promote exports

Director of the Department of Industry and Trade Pham Van Hoa presided at the Nghe An bridge. Photo: Thu Huyen

Speaking at the opening of the conference, Director of the Department of Industry and Trade Pham Van Hoa said that Korea has been one of the important and potential markets for Nghe An's export enterprises for many years.

The signing by the two countriesASEAN-Korea Free Trade Agreementas well as the Vietnam - Korea Bilateral Trade Agreement has expanded the legal framework for trade activities between the business communities of the two sides, creating conditions for Vietnamese goods in general and Nghe An goods in particular to promote their competitive advantages in the Korean market.

Delegates watch the conference online. Photo: Thu Huyen

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.

Up to now, Nghe An province has had more than 54 enterprises participating in exporting to the Korean market with 8 main groups of products, including: Textiles, electronic components, electric wires and cables, textile raw materials, footwear, stone products of all kinds, packaging, processed fruits, pine resin and pine. The current demand for connection with Korea focuses on the province's strengths such as: agriculture, seafood, stone of all kinds, construction materials, etc.

Export garment line of Haivina Kim Lien - Nam Dan Co., Ltd. Haivina is a company of HYUNJIN Group - Korea, operating in the textile and garment industry with nearly 25 years of experience.

At the conference, Mr. Pham Khac Tuyen - Head of the Trade Office, Embassy of Vietnam in Korea informed businesses about the Korean market; shared notes when exporting and importing to the Korean market. Businesses had the opportunity to exchange and discuss with the Counselor about the difficulties and obstacles in the import and export process as well as opportunities for connection in the coming time.

Producing spoon lips for export to the Korean market at Hong Son Production and Trade Company Limited, Do Lang Industrial Park, Nghi Lam Commune (Nghi Loc). Photo: Thu Huyen

With the aim of supporting businesses, Head of the Trade Office,Embassy of Vietnam in Koreaupdated the latest information on the Korean market regarding legal regulations, market demand, technical barriers, etc.; answered and supported businesses to resolve some difficulties and problems when exporting and importing to the Korean market; at the same time, sought solutions to effectively carry out export promotion activities for some specific products of the province to the Korean market in the coming time.