Vietnam, RoK look towards US$100 bln trade by 2020

During the 8th meeting of the Vietnam-RoK Joint Committee for Cooperation in Nuclear power, Industry and Trade in Ho Chi Minh City on February 2, the two sides debated cooperation in projects related to oil and gas, renewable energy, energy safety, support industry, development of electricity plants under the form of build-operate-transfer (BOT).  They also had a dialogue on the auto industry and cooperation mechanisms to promote Vietnam’s agro-aquaculture products and processed food export to the RoK.  These were considered as foundation for the two countries to outline and carry out practical and specific projects of industrial, trade and energy cooperation in 2018 and 2018 and subsequent years.  At the 2nd meeting of the Vietnam-RoK Joint Committee on the implementation of the Vietnam-Korea Free Trade Agreement (VKFTA) on the same day, Vietnamese Minister of Industry and Trade Tran Tuan Anh and RoK Minister of Trade, Industry and Energy Paik Un-gyu highly valued the development of economic, trade and investment relations between the two countries in recent years.  Paik Un-gyu stressed after the VKFTA took effect, export value of the two sides to each other has increased remarkably, helping concretise cooperation in many fields.  The two sides pledged to continue discussing ways to settle issues arising in the process of implementing the agreement, while reviewing committed contents to ensure that the deal will benefit the respective business communities, contributing to maintaining trade and investment growth. The officials also acknowledged efforts made by both sides in actively promoting activities of their cooperation sub-committees, and approved a joint… [Read full story]


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