Nevertheless, enterprises looking to enter this market in the last few years have faced multiple hurdles including strict food safety and branding regulations. A conference to promote Vietnamese brands in Korea was held in Hanoion Thursday.
According to the General Department of Vietnam Customs, between 1992 and 2016trade between Vietnam and South Korea increased 87-fold, from 0.5 billion USD to 43 billion USD.
Last year South Korea was the 3rd largest trade partner for Vietnam while Vietnam was the 4th biggest importer of Korean products.
