KOTRA held a "2024 Seminar on Entering the Vietnam Market" with VIETRADE on Sep 10
Introduced the investment environment of Vietnam and conducted one-on-one meetings with Vietnam's major provinces and industrial complexes

KOTRA (President Yu Jeoung-yeol) held a "2024 Seminar on Entering the Vietnam Market, a Hub of Global Manufacturing & Export Hub" at KOTRA headquarters in Yeomgok-dong, Seoul, with the Vietnam Trade Promotion Agency (VIETRADE) on September 10.

The seminar, participated by about 100 domestic companies from the electronics, textile, and other sectors, provided: a briefing session on the strategy in response to Vietnam's supply chain restructuring and investment environment; and one-on-one business meetings for entering the industrial complexes in Vietnam.

At the briefing session, officials from the VIETRADE, major provinces including Quảng Nam, Bắc Kạn, and 7 major industrial complexes gave presentations on the Vietnamese government's response strategy to the global supply chain restructuring, and the directions of major incentives. In the following one-one-one business meetings, officials from major industrial complexes across Vietnam introduced the environment of their industrial complexes and engaged in consultations on overall investment including tax benefits for each item.

Meanwhile, Vietnam has emerged as the essential connection link in the global supply chain in the global trade environment restructuring, making FDI in Vietnam recover rapidly since the COVID-19 pandemic. The main driving forces behind expansion of investment in Vietnam have been: young and abundant labor forces; high economic growth rate; tax benefits to foreign investment; and various FTAs.

Commissioner Kim Tae-hyung of Invest KOREA said, "Vietnam overtook Japan to become Korea's 3rd largest trading partner, and the direct investment by companies from Korea, the largest foreign investor in Vietnam, has contributed to developing industries and economies of both countries," adding that "we will support our companies enhance understanding of the Vietnamese market and improve the global competitiveness through this event, held at the critical juncture of global supply chain restructuring."



Source : Invest KOREA (2024.09.11.)