Korea Import Association Holds 'Korea-Vietnam Business Forum' in Hanoi

At the 'Korea-Vietnam Business Forum' held on the 24th at the Viettel International Business Center in Hanoi, Vietnam, Kim Byung-kwan, President of the Korea Importers Association (left), and Do Tang Hai, Vice Minister of the Ministry of Industry and Trade of Vietnam, are posing for a commemorative photo.
[Photo by Korea Importers Association]

The Korea Importers Association (KOIMA) import delegation (led by Chairman Kim Byung-kwan) announced on the 24th that it held a Korea-Vietnam Business Forum at the Viettel International Business Center in Hanoi, Vietnam, to expand trade and strengthen trade cooperation. The event was attended by more than 70 KOIMA member companies, including Kim Byung-kwan, Chairman of KOIMA; Do Tang Hai, Vice Minister of the Vietnamese Ministry of Industry and Trade; Tran Dinh Tang, Director of the Economic Department of the Vietnamese Ministry of National Defense; Cao Duc Tang, Chairman and CEO of Viettel; Park Jong-kyung, Consul General of the Korean Embassy in Vietnam; Lee Hee-sang, Head of KOTRA Southeast Asia and Oceania Regional Headquarters (Director of Hanoi Trade Center); as well as key government officials and over 100 Vietnamese companies.

The Korea-Vietnam Business Forum held in Hanoi on the 24th [Photo by Korea Importers Association]

Do Tang Hai, Vice Minister of the Vietnamese Ministry of Industry and Trade, expressed gratitude, saying, "We appreciate the KOIMA import delegation’s visit to Vietnam and the organization of this business forum to expand trade between the two countries." He added, "We are pleased that since the 30th anniversary of Korea-Vietnam diplomatic relations last year, the diplomatic relationship has developed into a comprehensive strategic partnership. We look forward to more Vietnamese companies entering the Korean market and an increase in trade volume between the two countries."

Chairman Kim Byung-kwan mentioned that the trade volume between the two countries, which was $500 million at the time of establishing diplomatic relations in 1992, has increased more than 175 times to reach $87.7 billion last year. He stated that the association will strive to continuously form and expand trade networks in terms of trade and investment. Following the forum, a one-on-one global sourcing consultation between companies from both countries was held, where Vietnamese companies hoping to enter the Korean market in sectors such as fruits and vegetables, coffee, textiles, and apparel engaged in consultations with Korean importers.

This content was produced with the assistance of AI translation services.