Korean Y-Mart Group signed a memorandum of understanding with Nghe An import-export enterprises

Attending the signing ceremony, on behalf of Y-Mart Group of Korea, there were Mr. Lim Chae Sang - General Director of Y-Mart Company; Na Byeong Su - Member of Board of Directors, Head of Product Quality Supervision Board of the Group; Kim Chang Hyeok - Secretary of the Chairman of the Board of Directors.

On the business side, there are Hong Son Production and Trading Company Limited; Bien Quynh Joint Stock Company; Green Farm Company Limited.

Comrade Pham Van Hoa - Director of the Department of Industry and Trade; representatives of the Department of Foreign Affairs and departments of the Department of Industry and Trade witnessed the signing ceremony.

Deputy Director of the Department of Industry and Trade Cao Minh Tu spoke at the signing ceremony of the memorandum of understanding. Photo: Thu Huyen

At the ceremony, Y-Mart Group signed a memorandum of understanding with import-export enterprises: Hong Son Production and Trading Company Limited; Bien Quynh Joint Stock Company; Green Farm Company Limited.

Previously, Y-Mart Group had surveyed and worked with businesses and the Department of Industry and Trade.

Y-Mart Group signed a memorandum of understanding with Hong Son Production and Trading Company Limited. Photo: Thu Huyen

Korea has been one of the important and potential markets for Nghe An's export enterprises for many years. According to statistics, the total two-way import-export turnover in the first 9 months of 2022 between Nghe An and Korea reached 388.9 million USD, an increase of 14.3% over the same period in 2021. Of which, the export turnover reached 219.5 million USD, accounting for 13% of the province's total export turnover of goods, ranking 3rd after the Chinese and Hong Kong markets.

Signing a memorandum of understanding with Green Farm Company Limited. Photo: Thu Huyen

Up to now, in Nghe An province, there have been 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 and footwear materials; Stone products of all kinds; Packaging; Processed fruits; Pine resin, pine incense;...

Recently, the Department of Industry and Trade has had many solutions to support businesses to boost exports to the Korean market such as: Organizing a meeting between the Vietnamese Trade Counselor in Korea and Import-Export Enterprises of Nghe An province; providing information about the Korean market; Providing information on conditions and technical barriers of Korea to businesses...

Signing a memorandum of understanding with Bien Quynh Joint Stock Company. Photo: Thu Huyen

Speaking at the ceremony, Deputy Director of the Department of Industry and Trade Cao Minh Tu wished to continue connecting with investors to cooperate in areas where the province has potential and advantages such as agriculture and aquaculture, textiles, processed foods, fish sauce, honey, rattan and bamboo products, turmeric starch, cassava flour, etc.

Propose Y-Mart Supermarket chain through capturing product information, researching cooperation to implement the technical standards of the Supermarket to continue to bring some products to be sold in Korea.

Leaders of the Department of Industry and Trade, Y-Mart Group, and businesses at the signing ceremony of the memorandum of understanding between the Korean Y-Mart Group and Nghe An import-export businesses. Photo: Thu Huyen

Thu Huyen