Eighth Mekong-RoK Business Forum gets underway

VOV.VN - The Mekong-RoK cooperation has significantly contributed to promoting all-round relations among the six member countries with trade turnover between the Mekong countries and the RoK increasing 250% in the past nine years, said Deputy Foreign Minister Le Hoai Trung.
Deputy Foreign Minister Le Hoai Trung addresses the event
Deputy Foreign Minister Le Hoai Trung addresses the event

Deputy Minister Trung made the statement during his opening speech at the eighth version of the Mekong-RoK Business Forum held on December 4 in Hanoi, noting that bilateral FDI reached approximately US$60 billion last year.

Despite the economic downturn caused by the impact of the novel coronavirus (COVID-19), the Mekong countries and the RoK have managed to maintain trade activities at a similar level to last year, whilst continuing to be major trading partners for each other.

Deputy Minister Trung affirmed that during the course of developing mutual ties, the economic sector has consistently played a key role in promoting regional economic integration, while boosting innovation, and enhancing the competitiveness of the various economies.

He therefore called for drastic actions to be taken by respective governments in an effort to support small and medium-sized enterprises to mitigate the damaging consequences caused by the pandemic.

During the recent 37th ASEAN summit, leaders moved to affirm their determination bolster co-operation across multiple fields in order to overcome challenges and agree to upgrade Mekong-RoK co-operation to the status of a strategic partnership.

In line with this, concerned parties will beef up co-operation across seven priority areas in order to improve the resilience of regional supply chains and facilitate operations of enterprises throughout the six member countries of the Mekong.

In response to this, the RoK’s Vice Minister of Foreign Affairs Lee Tae-ho confirmed that the RoK Government will help to intensify co-operation with Mekong countries, with the RoK contributing US$10 billion to the initiative through COVID-19 prevention and co-operation funds, thereby promoting regional connectivity and sustainable development.

With regard to future ties, Deputy Minister Lee Tae-ho underlined the need to enhance co-operation in water resource management, respond to climate change and natural disasters throughout the region, and encourage the participation of localities and businesses.

vov.vn

Related News

Coconut is expected to become a billion-dollar export item

Coconut is expected to become a billion-dollar export item

VCN - Talking to the press at the ceremony to launch the first train carrying fresh coconuts to China, Mr. Luu Van Phi, Director of the Department of Industry and Trade of Tien Giang province, said that Vietnam's agricultural export potential, especially fresh coconuts, is expanding with the appearance of international railway transportation from Song Than station.
AEOs make great contributions to Vietnam’s trade development

AEOs make great contributions to Vietnam’s trade development

VCN – Currently, there are 76 Authorize Economic Operators (AEOs) across the country. The operators have made great contributions to Vietnam’s trade in goods.
Businesses cooperate to develop advanced technology

Businesses cooperate to develop advanced technology

VCN- In order to foster development of the high-tech sector, one of factors is close cooperation between businesses to improve competitiveness and promote innovation.
Note for businesses when converting green and digital

Note for businesses when converting green and digital

VCN - Green transformation and digital transformation have been identified by businesses as a mandatory path if they want to develop long-term. However, there are many issues that businesses need to pay attention to right from the start of the transformation if they want to achieve efficiency.

Latest News

VN

VN's car industry to diversify supply chain

While China remains a significant supplier, recent trade data highlights Việt Nam’s efforts to diversify supply to meet industry demands.
Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Việt Nam’s export value of agro-forestry-aquatic products was estimated at US$5.08 billion in January, marking a 4.9 per cent decline compared to the same period last year.
Thailand reviews anti-dumping tax on Vietnamese steel

Thailand reviews anti-dumping tax on Vietnamese steel

TRAV recommended that the Việt Nam Steel Association (VSA) notify relevant local manufacturers and exporters to answer the investigation questionnaire within the prescribed deadline.
In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

VCN - Total import-export turnover in the first half of January 2025 reached more than US$34 billion, the trade balance had a deficit of nearly US$2 billion.

More News

Pangasius fetch record price in early 2025

Pangasius fetch record price in early 2025

Currently, larger pangasius weighing over 1.2kg, are selling at VNĐ32,440 (US$1.29) per kilogram, a record high not seen since 2022.
Việt Nam and India trade reached $15 billion in 2024

Việt Nam and India trade reached $15 billion in 2024

Trade relations between Việt Nam and India continue to flourish, with bilateral trade turnover reaching around US$15 billion in 2024.
Việt Nam

Việt Nam's port firms thrive in 2024

Strategic investments and expansions are expected to further enhance the sector’s performance.
Software exporter looks to new pace of growth

Software exporter looks to new pace of growth

FPT Software (F-Soft) Đà Nẵng plans to earn VNĐ3.6 trillion (US$144 million) in exports in 2025 after introducing a third campus at the FPT Complex and signing a strategic deal with the city.
Việt Nam

Việt Nam's exports to EU see impressive recovery in 2024

Việt Nam’s exports to the EU made an impressive recovery in 2024, reaching nearly US$51.7 billion, an increase of $8.08 billion compared to 2023.
Việt Nam–CPTPP trade turnover exceeds $100 billion

Việt Nam–CPTPP trade turnover exceeds $100 billion

The turnover accounts for 13.1 per cent of Việt Nam’s total import-export turnover last year.
E-commerce, a game changer for textile manufacturers

E-commerce, a game changer for textile manufacturers

According to a Việt Nam Textile and Apparel Association (VITAS) report, the proportion of textile businesses adopting e-commerce strategies has increased from 7-8 per cent in 2021, to over 20 per cent by the end of last year.
China remains the largest market for Việt Nam’s cassava and cassava products

China remains the largest market for Việt Nam’s cassava and cassava products

China accounted for 92.85 per cent of the total export volume and 91.77 per cent of the total export value, amounting to 2.43 million tonnes worth $1.06 billion.
Hải Phòng seaport system strives to handle 112 million tonnes of cargo this year

Hải Phòng seaport system strives to handle 112 million tonnes of cargo this year

The Hải Phòng Maritime Port Authority will coordinate with the municipal People’s Committee and relevant sides to find locations for dumping waste from construction, dredging, and maintenance activities.
Read More

Your care

Latest Most read
VN

VN's car industry to diversify supply chain

While China remains a significant supplier, recent trade data highlights Việt Nam’s efforts to diversify supply to meet industry demands.
Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Việt Nam’s export value of agro-forestry-aquatic products was estimated at US$5.08 billion in January, marking a 4.9 per cent decline compared to the same period last year.
Thailand reviews anti-dumping tax on Vietnamese steel

Thailand reviews anti-dumping tax on Vietnamese steel

TRAV recommended that the Việt Nam Steel Association (VSA) notify relevant local manufacturers and exporters to answer the investigation questionnaire within the prescribed deadline.
In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

VCN - Total import-export turnover in the first half of January 2025 reached more than US$34 billion, the trade balance had a deficit of nearly US$2 billion.
Pangasius fetch record price in early 2025

Pangasius fetch record price in early 2025

Currently, larger pangasius weighing over 1.2kg, are selling at VNĐ32,440 (US$1.29) per kilogram, a record high not seen since 2022.
Mobile Version