Hai Phong to Host Vietnam-RoK Trade Promotion Week in September

From September 1 to 10, the port city of Hai Phong in Vietnam will be hosting the Vietnam-RoK Trade Promotion Week, an event that seeks to foster business relationships between the two countries.

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Vietnam-RoK Trade Promotion Week Slated for September in Hai Phong
The Vietnam-RoK trade promotion week will take place in the northern port city of Hai Phong from September 1-10. Photo: Nhan dan (People) Newspaper

As part of activities celebrating the 31st anniversary of diplomatic ties between Vietnam and the Republic of Korea (RoK), the event is expected to draw crowds of visitors, including Koreans in Vietnam and Hai Phong in particular, heard a press conference held by the Hai Phong Radio and Television Station.

The event aims to enhance the linkages between Vietnamese and Korean firms while contributing to popularising the culture, tourism, history, and people of the two countries, raising their mutual understanding and tightening Vietnam-RoK strategic cooperative partnership, as well as the relationship between Hai Phong and the RoK.

There will be nearly 100 booths, including 16 for Vietnamese and Korean products and 72 for cuisine, specialties, and beverages of the two countries.

Vietnam-RoK Trade Promotion Week Slated for September in Hai Phong
At the press conference on the trade promotion week. Photo: Nhan dan Newspaper

Entertainment activities such as Waterbomb Festival and Kpop Dance Cover, along with art performances and fashion shows by both Vietnamese and Korean artists will also be part of the week.

The RoK now ranks first in terms of foreign direct investment (FDI) in Vietnam, second in official development assistance (ODA), labor and tourism cooperation, and third in trade collaboration. Notably, it is Vietnam’s biggest economic partner in the Association of Southeast Asian Nations (ASEAN).

The RoK has invested in 105 projects worth about $9.97 billion in Hai Phong, taking the lead in both volume and value.

Vietnam-RoK Trade Promotion Week Slated for September in Hai Phong
The RoK has invested in 105 projects worth about $9.97 billion in Hai Phong, taking the lead in both volume and value. Photo: Nhan dan Newspaper

Last year, these projects generated $14.5 billion in revenue and earned $13.5 billion from exports, contributing VND3.57 trillion ($155.2 million) to the budget and generating jobs for 41,000 workers.

Notably, Korean has been chosen as one of the foreign languages taught in several local schools.

Rosy Huong