Viet Nam News HÀ NỘI — The Việt Nam-Korea Free Trade Agreement (VKFTA), which took effect on December 20, 2015, has played an important role in attracting investments from the South Korea to Việt Nam and helping the Southeast Asian nation integrate deeper into the regional economy. Lê An Hải, Deputy Director of the Vietnamese Ministry of Industry and Trade (MoIT)’s Department of Asia and Africa Markets, made the statement at a forum on VKFTA utilisation and implementation held in Hà Nội yesterday. Việt Nam is currently the fourth largest recipient of foreign direct investment (FDI) from South Korea, while the East Asian country is the biggest foreign investor in Việt Nam with total registered capital of more than US$58 billion, Hải stressed. “The target of increasing bilateral trade volume to $100 billion by 2020 is possible towards creating more linkages between the two … [Read more...] about Việt Nam-Korea FTA gives boost to two-way trade
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Viet Nam-Korea trade ties set to flourish
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
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
Viet Nam-Russia handicraft exhibition opens
An exhibition showcasing handicraft and art articles of Viet Nam and Russia opened in Ha Noi on January 16. The event is a cultural exchange activity aiming at strengthening the traditional cooperation, solidarity and friendship between Viet Nam and Russia . Attending the opening ceremony were representatives from the RCSC and the Centres of Science and Culture of China, the Republic of Korea , Malaysia , Cambodia , Indonesia and Mongolia. The exhibition was jointly held by the Russian Centre for Science and Culture (RCSC) and the Viet Nam Handicraft and Art Articles Export and Import Joint Stock Company (ARTEXPORT Viet Nam). Source: VNA … [Read more...] about Viet Nam-Russia handicraft exhibition opens
Art exhibition highlights Viet Nam-South Korea
BA RIA-VUNG TAU (VNS)— An exhibition of 200 photographs and calligraphy works featuring Viet Nam and South Korea opened on Tuesday at the coastal province of Ba Ria-Vung Tau's Cultural Centre. It is one of many events being held to celebrate 20 years of diplomatic ties between the two countries. The exhibition highlights traditional culture as well as modern life in the two countries while introducing their long-standing relationship to younger generations through pictures illustrating renovation and socio-economic development. Addressing the opening ceremony, Le Thanh Dung, vice chairman of the provincial People's Committee, emphasised the significance of this exhibition and the cultural week as part of the Viet Nam-South Korea Friendship Year 2012. The exhibition will run until this Sunday. — VNS … [Read more...] about Art exhibition highlights Viet Nam-South Korea
Viet Nam attends Asian Fine Art Museum Directors’ Forum
Vietnam's Fine Art Museum. Photo: Wikipedia Representatives of the 10 ASEAN countries, including Viet Nam, and three dialogue partners, China, Japan and the Republic of Korea, have met in Beijing for the first Forum of Asian Fine Art Museum Directors. The forum, held within the framework of the ASEAN Cultural Week from Aug. 31-Sept.9, was aimed at boosting ties among art museums in the region, particularly ASEAN countries and its three dialogue partners. Participants at the forum exchanged views on contemporary fine arts as well as, research, preservation and introducing works at art museums in Asia. Director of the Viet Nam Fine Art Museum Truong Quoc Binh presented Viet Nam's wish to cooperate in organising specialised exhibitions in the region. Viet Nam asked China to cooperate in the preservation of silk paintings. Source: VNA … [Read more...] about Viet Nam attends Asian Fine Art Museum Directors’ Forum
South Korea taps into Viet Nam tourism
Ten South Korean travel agents attended a conference and art performance in Ha Noi last Friday to promote their country's tourism potential. During the event, the agents introduced MICE (Meeting, Incentive, Convention and Exhibition) tours, developed with high economic efficiency throughout South Korea. An exhibition on Seoul, Daejeon and Jeju travel took place alongside the seminar while Korean culture and dancing was presented during a MICE night. Over the past five years, the number of Vietnamese tourists to South Korea had doubled while Viet Nam promised to become a key tourism market in the near future, said Sim Hye-ryun, a representative of the Korean Tourism Organisation in Viet Nam. South Korea , in co-operation with Viet Nam, is voting for both Jeju Island and Ha Long Bay to become two of the seven new natural wonders of the world. * Vietnam Airlines adds nearly 850 flights for Tet The national flag carrier, Vietnam Airlines, has announced it will … [Read more...] about South Korea taps into Viet Nam tourism