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Gangwon lays the foundation to expand exports of local consumer goods and agricultural and fishery products into Vietnam
Gangwon State will provide a stepping stone to expand exports of local consumer goods and agricultural and fishery products into Vietnam.
On December 11, Gangwon State said it will sign an MOU with K&K Global, which was selected as one of Vietnam's top 100 brand companies, Gangwon State Economic Promotion Agency, and Gangwon Export in Vietnam on the following day.
By doing so, the province aims to diversify exports, reduce logistics costs, and expand exports of local companies.
The State has had difficulties in discovering buyers, licensing products, distributing and promoting consumer goods and agricultural and fishery products in Vietnam.
However, under the MOU, it will be able to utilize one-stop basis, from export to distribution, of K&K Global, which has 148 stores across Vietnam.
In particular, it is expected to expand export volume by reducing logistics costs, increasing exports of local companies by removing intermediate profits from distributors as well as increasing exports of excellent products in the province.
K&K Global Trading is a Korean company that has 148 K-market stores of various sizes and large distribution centers in Vietnam.
As part of this MOU, the province will hold a "Gangwon Inje Specialty Promotion Event" in cooperation with the State's office in Vietnam and the Inje Export Association at the K-Market Sapphire in Hanoi until December 16.
An official from the provincial government said, "this MOU will lay the foundation for Gangwon's consumer goods and agricultural and fishery products to be distributed throughout Vietnam," adding "By utilizing distribution channel and logistics system of K&K Global Trading, we expect to see expansion and diversification of exports products."
hak@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2024.12.13
Views
124
According to Yonhap News,
Gangwon State will provide a stepping stone to expand exports of local consumer goods and agricultural and fishery products into Vietnam.
On December 11, Gangwon State said it will sign an MOU with K&K Global, which was selected as one of Vietnam's top 100 brand companies, Gangwon State Economic Promotion Agency, and Gangwon Export in Vietnam on the following day.
By doing so, the province aims to diversify exports, reduce logistics costs, and expand exports of local companies.
The State has had difficulties in discovering buyers, licensing products, distributing and promoting consumer goods and agricultural and fishery products in Vietnam.
However, under the MOU, it will be able to utilize one-stop basis, from export to distribution, of K&K Global, which has 148 stores across Vietnam.
In particular, it is expected to expand export volume by reducing logistics costs, increasing exports of local companies by removing intermediate profits from distributors as well as increasing exports of excellent products in the province.
K&K Global Trading is a Korean company that has 148 K-market stores of various sizes and large distribution centers in Vietnam.
As part of this MOU, the province will hold a "Gangwon Inje Specialty Promotion Event" in cooperation with the State's office in Vietnam and the Inje Export Association at the K-Market Sapphire in Hanoi until December 16.
An official from the provincial government said, "this MOU will lay the foundation for Gangwon's consumer goods and agricultural and fishery products to be distributed throughout Vietnam," adding "By utilizing distribution channel and logistics system of K&K Global Trading, we expect to see expansion and diversification of exports products."
hak@yna.co.kr
Source Text
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Source: Yonhap News (December 11, 2024)
** This article was translated from Korean.