Vietnamese firms seek to expand high-quality product exports to RoK
Coming to the 2025 Korea Import Fair (KIF), Vietnamese firms are not only seeking buyers but also looking to gain deeper insights into consumer preferences and connect with strategic partners.
At the signing ceremony of a MoU between the Business Association of High-Quality Vietnamese Products and the Korea Importers Association (KOIMA). (Photo: VNA)
Seoul (VNA) – A delegation of the Business Association of High-Quality Vietnamese Products is taking part in the 2025 Korea Import Fair (KIF), held at the COEX Exhibition Centre in Seoul from July 7 to 9.
On July 8, the association signed a memorandum of understanding with the Korea Importers Association (KOIMA), marking a milestone in fostering strategic partnerships between the two business communities.
Vu Kim Hanh, Chairwoman of the association, told the Vietnam News Agency that representatives from the Vietnamese Trade Office and Embassy in the Republic of Korea (RoK) attended the fair, engaging directly with exhibitors, a gesture that reflects their strong support for trade promotion efforts.
She said that coming to the event, Vietnamese firms are not only seeking buyers ꦬbut also looking to gain deeper insights into consumer ꦕpreferences and connect with strategic partners.
Foreign visitors explore the Vietnamese booth. (Photo:VNA)
This year’s fair features over 200 companies and brands from 40 countries across Europe, Asia, and Africa. Products on display include food, consumer goods, specialty items, and concept products. A significant number of online and offline distributors are attending, with active B2B discussions and one-on-one meetings taking place throughout the event.
Beyond exhibiting at the fair and signing cooperation deals, the Vietnamese delegation is also exploring potential import partners and distribution channels in the RoK, according to Hanh.
With thorough preparation and suppoꩵrt from relevant authorities, the delegation hopes to achieve meaningful outcomes that will boost Vietnam’s exports and strengthen the international reputation of Vietnamese products./.
The 300,000 Vietnamese living, working, and studying in the RoK and the nearly 200,000 Koreans residing in Vietnam serve as a bridge for Vietnam-RoK relationship.
During the COVID-19 pandemic in 2020, the Ministry of Health swiftly launched a telemedicine programme, connecting more than 1,000 medical establishments nationwide. The model, which remains in operation, has benefited tens of thousands of patients, including foreign nationals.
Vietnam always regards the RoK as an important and long-term strategic partner; and hopes that the two sides will work together to further deepen the Comprehensive Strategic Partnership in a more substantive, effective, and comprehensive manner in the coming time.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
