January 22 workshop focused on matters arising from the Vietnam - South Korea FTA.
Vietnam Economic Times organized a workshop on January 22 at its head office in Hanoi on the opportunities to push trade between Vietnam and South Korea.
“I’ve been thinking about this workshop for many years given the level of cooperation between the two countries,” said Professor Dao Nguyen Cat, Editor-in-Chief of Vietnam Economic Times. “The two countries have been connected throughout history.” The recent cooperation between the two is especially significant, he added, as it covers economics, politics, and other important matters.
The workshop discussed the issues facing Vietnamese enterprises that will come from the Vietnam - South Korea Free Trade Agreement. “Vietnam Economic Times is always an active partner of Vietnam’s business community,” Ambassador Nguyen Phu Binh, Deputy Editor-in-Chief of Vietnam Economic Times, told the gathering.
At the opening of the workshop Mr. Hang Ha spoke highly of the cooperation between the two countries. “Last year South Korea was the second-largest investor in Vietnam and Vietnam’s exports to South Korea increased drastically,” he said. Vietnamese textile and agriculture products are now exported in larger volumes. Tariffs are being gradually cut, he added, presenting opportunities for cooperation between Vietnamese and South Korean enterprises.
The FTA is a next generation agreement for Vietnam, according to Mr. Le An Hai from MoIT. “The two countries have worked under the FTA between ASEAN and South Korea but found it necessary to expand their cooperation via a specific FTA,” he said.
Three main panels formed the workshop. The first summarized the FTA and the Vietnamese Government’s plans when it comes into effect. The second discussed the pros and cons for Vietnamese enterprises in benefiting from the FTA, while the third fielded questions from enterprises.
The workshop was attended by Mr. Ryu Hang Ha, Chairman of the Korea Chamber of Business in Vietnam (KorCham), Mr. Hong Sun, Secretary-General of KorCham, Mr. Mac Quoc Anh, Deputy Chairman of the Association of Hanoi Small and Medium Enterprises, Mr. Nguyen Tri Ngoc, Deputy Chairman and General Secretary of the General Council of Agriculture and Rural Development, and representatives from the Ministry of Industry and Trade (MoIT) and Vietnamese and South Korean enterprises.