Vietnam is a potential market for firms specialised on processed agricultural products from the Republic of Korean (RoK).

This statement was made by Im Chang Ho, Chief of Hamyang County in the RoK’s southeast Gyeongnam province at the Vietnam-RoK trade exchange held on November 8 in Ho Chi Minh City.

RoK agricultural goods, which are produced by hi-technology, are internationally recognised for their safety and high quality, said Im Chang Ho.

RoK's mountain ginseng - Illustrative photo

He also said Hamyang County is famous for mountain ginseng, fruit juice and nature-based beauty care products which have been favoured by many Vietnamese customers, especially those in Ho Chi Minh City, adding the exchange is a good opportunity for RoK firms to seek partners and boost exports.

Speaking highly of the quality of RoK processed agri-products, Tran Ngoc Liem, Deputy Director of the Vietnam Chamber of Commerce and Industry (VCCI)-HCM City Branch, said Vietnamese enterprises should learn experience in organising trade fairs and products launching events of their counterparts.

He also added that by welcoming RoK products, Vietnamese agri-businesses approach hi-technologies to improve planting techniques, thus enhancing the quality and added value of their farm products.

According to VCCI, agricultural trade value between the two countries has increased since the Vietnam-RoK free trade agreement took effect in late 2015.

In the past 10 months of 2016, import value of RoK agricultural products to Vietnam rose 10 percent while export value of Vietnamese farm goods to the RoK surged over 30 percent from the same period last year.

Source: VNA