Vietnam to become South Korea's 2nd largest market

by VTV421 March 2018 Last updated at 14:35 PM

VTV.vn - According to the Korea International Trade Association, Vietnam will surpass the US to become South Korea's 2nd largest export market by 2020, thanks to the Vietnam - Korea Free Trade Agreement that has been effective since 2015.

In 2017 alone, Vietnam surpassed Hong Kong (China) to take the third position, a 3-level rise compared to 2014. In the last 10 years, the value of South Korean imports to Vietnam has risen continuously. It is estimated that bilateral trade turnover may hit 100 billion US dollars in 2020.

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