RoK’s imports of Vietnamese farm produce soars after 2015 FTA
The Republic of Korea (RoK)’s imports of Vietnamese agricultural and livestock products rose by 34 percent in two years since the two countries’ free trade agreement took effect in December 2015.
Seoul (VNA) – The Republic of Korea (RoK)’s imports of Vietnameseagricultural and livestock products rose by 34 percent in two years since thetwo countries’ free trade agreement (FTA) took effect in December 2015.
According tothe data compiled by the Korea Rural Economic Institute (KREI), the RoKimported 980 million USD worth of farm and livestock products from Vietnam in2017, compared with 730 million USD in 2015.
Vietnamesegoods accounted for 3.5 percent of the RoK's total farm and livestock importslast year, compared with 2.8 percent in 2015.
Two-waytrade between the two countries has risen since the FTA went into effect inDecember 2015, making Vietnam the fourth largest trading partner of theRepublic of Korea.
The KREIpredicted that the pace of growth in the RoK’s imports of Vietnamese farmproducts is expected to quicken over the bilateral trade deal.-VNA
The Free Trade Agreement between Vietnam and the Republic of Korea (RoK), which came into effect two years ago, has served as a catalyst for the two countries’ trade growth.
Fruit and vegetables have surpassed traditional farm produce such as rice, rubber, tea, and cashew nuts to become a major foreign currency earner in the agricultural sector.
Exports of the Republic of Korea (RoK) to Vietnam increased impressively in 2017, making its trade surplus with the Southeast Asian country surpassing that with the United States.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Illustrative image (Source: VNA) 
