Rok

Hanoi (VNA) – Cambodia and the Republic of Korea (RoK) agreed on July 9 to launch official negotiations for a bilateral free trade agreement (FTA), paving the way for the RoK, Asia's No. 4 economy, to make further inroads into the Southeast Asian market and boost exports. According to Yonhap News Agency, the announcement came more than a year after Cambodian Prime Minister Hun Sen proposed making preparations for a free trade deal during his summit with RoK President Moon Jae-in in Phnom Penh in March 2019. The two countries have carried out a joint feasibility study over the first five months of this year. RoK Trade Minister Yoo Myung-hee said in a statement that amid the spread of COVID-19, it has become more important for his country to expand cooperation with Southeast Asian countries. She noted the RoK is pleased to launch FTA negotiations with Cambodia, which can potentially rise as the new hub of production and trade in ASEAN, adding that the two countries will make … [Read more...] about Cambodia, RoK agree to launch FTA talks

Hanoi (VNA) – The Republic of Korea said on June 11 that it has made further progress in fleshing out details for the planned free trade agreement (FTA) with Cambodia, as Seoul seeks to broaden economic ties with Southeast Asian nations and diversify its export portfolio. The RoK plans to hold a public hearing on the envisioned FTA on June 12 by inviting related experts, which is mandatory under the local law before seeking a commerce treaty, according to the Ministry of Trade, Industry and Energy. In November, the two countries launched a joint feasibility study on their potential FTA in line with the RoK’s summit with ASEAN. They completed the study last month and agreed to start domestic procedures to pave the way for official talks. The RoK's exports to Cambodia reached 696 million USD last year, up 5.5 percent from a year earlier. Its imports from the Southeast Asian country came to 335 million USD, up 6.8 percent year-on-year. The country mainly shipped textile … [Read more...] about Cambodia, RoK move closer to signing FTA

The Moon Jae-in government has launched the new southern policy as an axis of foreign policy and strengthened relations with ASEAN, he said, emphasising that Việt Nam is a key partner of the RoK among 10 ASEAN countries. Việt Nam is RoK's fourth largest trading partner, and the RoK is the largest investor in Việt Nam. … [Read more...] about RoK Ambassador to Việt Nam proposes resuming people-to-people exchanges after COVID-19

Seoul (VNA) - SM Entertainment, one of the largest entertainment companies in the Republic of Korea, plans to open its first store in Vietnam, based in the southern hub of Ho Chi Minh City. It will also be its first overseas store to include SMTown Store, where customers can purchase merchandise of popular musical artists, including albums and posters, and a café that serves food and drinks. SM Entertainment launched an exclusive pre-opening event on July 3 to give a limited number of Vietnamese K-pop fans a sneak preview of the store. The official opening will take place between now and September./. … [Read more...] about RoK entertainment firm to open first overseas outlet in Vietnam

Vietnam Tourism Association (VITA) Vice Chairman Vu The Binh said tourism businesses need to work with each other if they are to reach fast recovery, he said. “We have promised the prime minister that the domestic tourism industry will be stable in the next two months and reach normal, pre-pandemic levels later this year. Localities and businesses, including outbound travel companies, at the moment should focus on domestic tours,” Binh said. … [Read more...] about Authorities strive to restore domestic tourism to pre-pandemic levels