The future for bilateral trade is bright, says Park Chul Ho, General Director of the Korea Trade-Investment Promotion Agency (KOTRA) in Ha Noi. He was speaking on the occasion of the Korea Expo 2016 taking place in Ha Noi. The Viet Nam-Korea Free Trade Agreement (VKFTA) is expected to boost bilateral trade to US$70 billion in 2020. What are the reasons behind Korean interest and participation in Viet Nam’s retail market? Viet Nam’s retail market is growing rapidly, so it has potential, but it also poses great challenges for investors. The country has seen an average retail growth of 7.3 per cent a year between 2010 and 2015. In 2015, its market value reached US$112 billion, or an annual increase of 10.6 per cent. The modern retail market share accounted for 25 per cent of total retail sales – that is an average increase of 12 per cent between 2010 and 2015. Between 2016 and 2020, retail trade is expected to grow by 12 per cent a year, and its market value to exceed … [Read more...] about Viet Nam-Korea trade ties set to flourish
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Viet Nam-RoK forum connects SMEs
The Viet Nam-Korea Business Forum took place in Seoul on April 14 with the focus on opportunities for small and medium-sized enterprises (SMEs). The forum was organised by the Vietnam Association of Small and Medium Enterprises and the Vietnam Trade Office in the Republic of Korea to connect businesses in the two countries. — VNA/VNS Photo Hoang Hung SEOUL (Biz Hub) — The Viet Nam-Korea Business Forum took place in Seoul on April 14 with the focus on opportunities for small and medium-sized enterprises (SMEs). The forum was organised by the Vietnam Association of Small and Medium Enterprises and the Vietnam Trade Office in the Republic of Korea to connect businesses in the two countries. Present at the event were Vietnamese Ambassador to the RoK Pham Huu Chi, President of the Vietnam Coffee and Cocoa Association (VICOFA) Luong Van Tu, Second Deputy Head of the Trade and Investment Unit of ASEAN-Korea Centre Moon Ki-bong and representatives of about 50 SMEs … [Read more...] about Viet Nam-RoK forum connects SMEs
Viet Nam-Korea photo expo kicks off
Travellers Notes (30-06-2007) Viet Nam-Korea photo expo kicks off A Vietnamese-Korean tourism photography exhibition titled Hiding and Shining began at the Cultural Centre of Korea (49 Nguyen Du Street) in Ha Noi yesterday to mark the 15th anniversary of the establishment of diplomatic ties between the countries. Supported by the Korean Tourism Organisation and the Vietnamese Photographers’ Association, the exhibition showcases 35 works by 30 Korean and Vietnamese artists depicting the beauty of the two lands and people. The event runs until July 14. Hoi An blocks traffic for tourists Hoi An Town has made some of its streets off-limits for motor vehicles on three days of the week in a bid to become more tourist-friendly. At 8-11am, 2.30-4.30pm, and 7-9pm on Mondays, Wednesdays, and Saturdays, only pedestrians, bicycles, cyclos, pedicabs, and wheelchairs would be allowed into Minh An Ward. After the Quang Nam - Heritage Itinerary Festival 2007 to be held today, from which the town … [Read more...] about Viet Nam-Korea photo expo kicks off
Many famous artists attend Viet Nam – Korea food and culture festival 2016
The Viet Nam – Korea food and culture festival 2016 will take place in Ha Noi from November 11th-13th. The festival is co-organized by the Viet Nam’s Ministry of Culture, Sports and Tourism, Viet Nam’s Ministry of Agriculture and Rural Development, in collaboration with Korean Embassy in Viet Nam, Korean Community in Ha Noi, Korea Agro-Fisheries Trade Corp (aT), Korea Project on International Agriculture (KOPIA), and Korean Cultural Center in Viet Nam, and other sponsors. According to the organizers, participants have chance to enjoy exciting performances by Korean and Vietnamese artists/bands such as LABOUM, UKISS, Pyeon Seung Yeop, Hari Won, My Linh, Nhat Thuy, and Tien Tien. According to a representative from Korean Community in Ha Noi, apart from enjoying the typical cuisines from both nations like Tteokbokki, Gimbap, Kimchi, Vietnamese kebab rice noodles, “pho”, and spring roll; beautiful performances such as artistic performances, big games, … [Read more...] about Many famous artists attend Viet Nam – Korea food and culture festival 2016
Viet Nam, Korea art shines on traditional “poonah” paper
An exhibition hosted by the Hanoi-based Korean Cultural Centre (KCC) featuring art works using Vietnamese traditional “do” (poonah) paper is taking place from May 22nd - June 12th in Hanoi. Art lovers have chance to enjoy seventy-one contemporary art works created by Vietnamese calligrapher Xuan Nhu and painter Yoyo from the Republic of Korea (RoK), many of them going public for the first time. “The event follows the success of a similar event showcasing the RoK’s handicrafts made of its traditional “hanji” paper in April. The centre wants to host more activities to increase the mutual understanding and cultural-art exchanges between the two countries”, said Mr Park Nark Jong, KCC Director. The exhibition is expected to help visitors understand better about the development of this traditional material which serves as the base for a magical mixture of tradition and modern in the art works. Coming from the bark of the poonah trees in … [Read more...] about Viet Nam, Korea art shines on traditional “poonah” paper