KITA Hosted 'Korea-Vietnam Business Forum                  

- Discussions on cooperation in promising industries in the future such as ▲communication·smart City ▲power·renewable energy ▲edutech, etc. -

The Korea International Trade Association (Chairman: Christopher Koo) hosted online ‘Korea-Vietnam Business Forum’ in cooperation with the Vietnam Chamber of Commerce on July 8^th.

This event was held under the theme of ‘Korea-Vietnam Cooperation for Sustainable Future,’ and discussions and presentations on the cooperation of the two countries in communication, smart city, electric power, new renewable energy and educational technology were carried out.

Vice Chairman Lee Gwan-seop of the Korea International Trade Association stated in his opening speech, “Since the bilateral relationship upgraded to a ‘strategic partnership’ in 2009, cooperative efforts of the two countries have been accelerating in various fields,” and added, “People-to-people exchanges between the two countries reached 5 million every year before the outbreak of COVID-19, which was the most active among ASEAN countries.” He also mentioned, “I hope that bilateral cooperation will further expand in the future based on the mutually complementary economic structure as well as robust trade volumes.”

Vice President Hoang Quang Phong of Vietnam Chamber of Commerce and Industry said, “South Korea is an important economic partner as it established itself as Vietnam's third-largest trading partner and second-largest importer in 2020,“ and added, “The Vietnam Chamber of Commerce and Industry will continue to make efforts to expand trade and investment between the two countries.”

President Bark Tae-ho of Lee&Ko Global Commerce Institute stated in his keynote speech, “Since the Korea-Vietnam Free Trade Agreement (FTA) entered into force in 2015, trade between the two countries has become more active, and Korean companies' investment in Vietnam has expanded significantly,” and added, “Recently, the reorganization of the global supply chain caused by the US-China trade dispute and the COVID-19 pandemic is speeding up and South Korea and Vietnam need to be prepared for the change through cooperation.”

Huyn Jun-woo, Vice President of Visang Edtech Company, anticipated, “Vietnam is a market with numorous education-conscious citizens like South Korea. In particular, they are highly interested in English education and the demand for edutech service, which combines South Korea's high-quality educational content with various educational experiences, will continue to increase.”

Meanwhile, the forum was livestreamed via YouTube channel of the Korea International Trade Association (www.youtube.com/kita1946), and replay is available after the forum.