50 Korean businesses to seek opportunities in Vietnam
(VOV) - A Republic of Korea’s business delegation representing 50 firms will attend the Korea Vietnam Show in Hanoi on December 2-3, according to the Korea Trade-Investment Promotion Agency.
During the event, they will introduce a wide range of products including cosmetics, food, drink, garment, consumer products, pharmaceuticals, medical equipment, electric and electronic equipment and industrial machines.
All these products will enjoy tax cut after the Vietnam-Korea Free Trade Agreement (VKFTA) comes into effect.
Four hundred Vietnamese businesses will take part in the event with the aim of seeking Korean partners in the fields of agriculture, handicraft, seafood , garment and footwear.
KOTRA Hanoi Director General Lee Kyu Seon said the VKFTA will open more cooperative opportunities for business communities from both countries. This year, KOTRA has organised 7 trade exchange events and three exhibitions in Hanoi.
VKFTA was signed in May 2015 after more than 2 years of negotiations and is expected to come into effect in 2016.