Martial Arts, 'Han-Vietnam Business Forum' Held Online

Lee Gwansub, Vice Chairman of the Korea International Trade Association, is delivering the opening remarks at the "Korea-Vietnam Business Forum" jointly held online with the Vietnam Chamber of Commerce and Industry on the 8th.
[Photo by Korea International Trade Association]

[Asia Economy Reporter Kim Heung-soon] The Korea International Trade Association (KITA) announced on the 9th that it jointly held the 'Korea-Vietnam Business Forum' online with the Vietnam Chamber of Commerce and Industry.

At the event held the previous day under the theme of 'Korea-Vietnam Cooperation for a Sustainable Future,' presentations and discussions were conducted on bilateral cooperation in the fields of telecommunications and smart cities, power and renewable energy, and edutech.

Lee Gwan-seop, Vice Chairman of KITA, said, "Since the bilateral relationship was elevated to a 'strategic cooperative partnership' in 2009, cooperation between the two countries has accelerated in various fields," adding, "Before the outbreak of COVID-19, people-to-people exchanges between the two countries approached 5 million annually, making it the most active exchange among ASEAN countries." He further stated, "We hope that cooperation will expand further based on the mutually complementary economic structures and solid trade volume of both countries."

Hwang Kwang Phong, Vice Chairman of the Vietnam Chamber of Commerce and Industry, said, "In 2020, Korea established itself as Vietnam's third-largest trading partner and second-largest import source, becoming an important economic partner," adding, "The Vietnam Chamber of Commerce and Industry will continue to strive to expand trade and investment between the two countries."

Park Tae-ho, Director of the International Trade Research Institute at the law firm Bae, Kim & Lee, who delivered the keynote speech, said, "Since the Korea-Vietnam Free Trade Agreement (FTA) came into effect in 2015, trade between the two countries has become more active, and Korean companies' investment in Vietnam has also increased significantly," adding, "With the recent intensification of global supply chain restructuring caused by the US-China trade dispute and the COVID-19 pandemic, Korea and Vietnam must prepare through cooperation."

Hyun Jun-woo, CEO of Visang Education Edutech Company, predicted, "Vietnam is a market with as high an enthusiasm for education as Korea, especially with strong interest in English education, so the demand for edutech services combining Korea's high-quality educational content and diverse educational experiences will continue to increase."

The forum can be rewatched on the KITA YouTube channel.

This content was produced with the assistance of AI translation services.