Invest KOREA

According to Yonhap News,

(SEOUL=Yonhap News) On July 16, the Ministry of Trade, Industry, and Energy (MOTIE) announced that it holds, jointly with KOTRA, "2019 Trade Policy Briefing Session in Foreign Countries" with 100 attendees from local companies and Korean companies having presence in Vietnam at Lotte Legend Hotel, Ho Chi Minh.

This event has been prepared to seek measures to increase exports by utilizing FTA network and address trade environment of Vietnam, in the amidst of uncertainties abroad due to U.S.-China trade disputes, etc.

Vietnam is one of Korea's four largest trading countries. Ho Chi Minh is the financial center of Vietnam, with highest per capita GDP. It has well-developed textile and footwear industries, garnering attention as an investment destination for foreigners, with a number of Korean companies entered.

Currently, Vietnam is intended to actively expand FTA networks with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) entering into force and FTA signing with EU.

At the event, trade experts from Korea and local experts from Vietnam will provide information on Vietnam's FTA networks.

Regarding trade and investment environment of Vietnam, KOTRA is to introduce its support measures for local companies and Vietnam's foreign investment support system, utilization of Vietnam FTA for tariff reduction and accumulation of origin.



sungjin@yna.co.kr

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Source Text

Source: Yonhap News (July 16, 2019)

** This article was translated from Korean.