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Busan's trade delegation ventured out to enter the Vietnam, as the gateway to ASEAN market
On November 3rd, the Busan Economic Promotion Agency (BEPA) announced that it sent the '2025 Vietnam Trade Delegation' to Ho Chi Minh City and Hanoi, Vietnam, fon October 21-26, providing a stepping stone for local companies to expand overseas.
The trade delegation aimed to support the entry of small and medium-sized enterprises (SMEs) from Busan into the ASEAN market, with 10 companies participating in one-on-one export consultations and business meetings.
The participating companies included 5 SMEs in various fields such as cosmetics, machinery, and food, as well as 5 venture companies.
Through individual consultations with local buyers and market research, they explored practical business opportunities.
Vietnam has been the fourth-largest export destination for Busan over the past 10 years and is seen as a key hub for diversifying export markets and exploring new markets for regional companies.
A total of 99 export consultations took place during the event, resulting in contract negotiations worth USD 8.22 million.
In particular, food manufacturing company 'MS Myungsung Bio,' and cosmetics manufacturers 'ANC Corporation' and 'Amaranth' successfully signed 7 memorandums of understanding (MOUs).
An official from BEPA said, "Vietnam is a key hub for Busan companies to enter the ASEAN market and a strategic market where practical trade opportunities can be created in various sectors, including manufacturing and consumer goods. With the meaningful outcomes achieved from this delegation, we expect the potential for future Busan companies' expansion to grow significantly."
joseph@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.11.04
Views
100
According to Yonhap News,
On November 3rd, the Busan Economic Promotion Agency (BEPA) announced that it sent the '2025 Vietnam Trade Delegation' to Ho Chi Minh City and Hanoi, Vietnam, fon October 21-26, providing a stepping stone for local companies to expand overseas.
The trade delegation aimed to support the entry of small and medium-sized enterprises (SMEs) from Busan into the ASEAN market, with 10 companies participating in one-on-one export consultations and business meetings.
The participating companies included 5 SMEs in various fields such as cosmetics, machinery, and food, as well as 5 venture companies.
Through individual consultations with local buyers and market research, they explored practical business opportunities.
Vietnam has been the fourth-largest export destination for Busan over the past 10 years and is seen as a key hub for diversifying export markets and exploring new markets for regional companies.
A total of 99 export consultations took place during the event, resulting in contract negotiations worth USD 8.22 million.
In particular, food manufacturing company 'MS Myungsung Bio,' and cosmetics manufacturers 'ANC Corporation' and 'Amaranth' successfully signed 7 memorandums of understanding (MOUs).
An official from BEPA said, "Vietnam is a key hub for Busan companies to enter the ASEAN market and a strategic market where practical trade opportunities can be created in various sectors, including manufacturing and consumer goods. With the meaningful outcomes achieved from this delegation, we expect the potential for future Busan companies' expansion to grow significantly."
joseph@yna.co.kr
Source Text
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Source: Yonhap News (November 3, 2025)
** This article was translated from Korean.