During the B2B meeting, Korean firms are expected to introduce a wide variety of products in agriculture and fisheries, cosmetics, industry and energy with the purpose of seeking Vietnamese partners for distributing the goods in Vietnam.
Located in the southwestern region of the ROK, Jeollanam-do is the country’s large producer of rice, wheat, barley, beans, potatoes, vegetables, cotton and fruits thanks to its favourable climate and success in applying high technology in developing agriculture, according to KOTRA Hanoi.
The Korean province has established representative offices all over the world, including Vietnam. It has been exporting organic and high-quality agricultural and fisheries products, such as mushrooms, abalone and pear to Vietnam.
Last year, the ROK was Vietnam's third largest trade partner, after China and the United States, with the two-way trade reaching US$66 billion. Vietnam's exports of agricultural and fisheries products, and processed food to the East Asian country totalled US$1.2 billion.
In the first eight months of this year, the bilateral trade was valued at US$49.17 billion, of which Vietnam's exports to the ROK were worth US$14.12 billion and imports US$35.05 billion.
