many different bright cargo containers on asphalt

Vietnam, South Korea aim to boost trade value to $100 billion next year

Vietnam and South Korea aim to increase bilateral trade from $78 billion last year to $100 billion next year and $150 billion by 2030.

The Vietnamese government said the South Korean and Vietnamese prime ministers agreed on the importance of maintaining peace and security as well as safety and maritime freedom in the South China Sea.

South Korea is Vietnam’s most important trading partner and the largest source of foreign direct investment for Vietnam.

Samsung Electronics Co. is the largest foreign investor in Vietnam.

Vietnamese customs data shows that Vietnam had a trade deficit of $34 Billion with South Korea last year. The main products imported from South Korea are electronic products, machinery, metals, plastics, textiles and fuels.

Leave a Reply

%d bloggers like this: