Sunday, November 10, 2024 10:40:34 AM - Markets closed
VN-INDEX 1,252.56 -7.19/-0.57%
HNX-INDEX 226.88 -0.61/-0.27%
UPCOM-INDEX 92.15 -0.17/-0.18%
RoK boosts agri-equipment exports to Vietnam
vietnamnews - 8/26/2024 3:40:29 PM
 (0 ratings. You must sign in to rate.)

Vietnam is gradually emerging as an important market for Korean agricultural equipment and materials export.

Utilising machinery for plowing and sowing in the Summer-Autumn crop season in Tien Giang Province. — VNA/VNS Photo 

 The Republic of Korea (RoK)’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) announced on Monday that it will send a delegation of 15 Korean companies, specialising in exporting agricultural equipment, to Vietnam from August 26-31 to promote their products.
 
According to a MAFRA’s report, Việt Nam is gradually emerging as an important market for Korean agricultural equipment and materials export, importing US$1.02 billion worth of those products from the RoK by the end of 2023.
 
Despite experiencing difficulties due to the global economic downturn, fertiliser and pesticide exports showed an upward trend, with export turnover increasing by more than 33 per cent compared to the previous year.
 
The Korean delegation is scheduled to engage in an export consultation conference with 30 Vietnamese import companies on August 27.
 
They will also visit the Ministry of Agriculture and Rural Development of Vietnam to learn about the current situation of the country's agriculture and related policies, regulations and details related to agricultural equipment certification, including import customs procedures for each item.
 
The delegation is expected to propose cooperation so that procedures such as registration and licensing for products exported to Vietnam can be carried out quickly.
 
Director-General Lee Sang-man of the MAFRA's Agri-Food Innovation Policy Bureau said that by sending the market development team to create sales channels such as overseas fairs, buyer connections and export consultation meetings, the RoK hopes that its agricultural equipment companies will be able to strengthen the foundation for penetrating the Vietnamese market and expanding exports.
 
Since 2018, the MAFRA has sent a market development team to countries every year to explore opportunities for Korean agricultural equipment exporters to develop overseas markets and expand exports, study the needs of local localities through consultation with local authorities, while providing export consultation and market research support, he added. — VNS
 
 
Read original article here
 
Newer News
09/11 Prices of raw materials surge, led by cocoa with a 6.3% increase
09/11 Dak Lak to carry out reforestation project worth over US$19 million
09/11 Nam Dinh unveils its seventh industrial park
09/11 Hanoi's 10-month export value tops $15.5 billion
09/11 EU is important VN partner for trade, green transformation: forum
08/11 Automotive support industry strives to become spare part supplier
08/11 Vietnam’s auto industry strives to reach global recognition
08/11 Vietnam Air Cargo Day 2024 Forum takes place for the first time in Hanoi
08/11 Bac Giang promotes service development to attract high-quality FDI
07/11 Foreign investment disbursement hits $19.58b in 10 months
Older News
26/08 At least 30,000 food and beverage stores in Vietnam closed in H1
26/08 Ministry auctions import of 126,000 tonnes of sugar
26/08 Opportunity for Vietnam as Indonesia increases rice tender volumes
26/08 New policy promotes green banking development in Vietnam
26/08 Clean electricity export: a bumpy road ahead
23/08 HCM City seminar discusses AI trends in marketing
23/08 EVN, TKV work to ensure adequate coal supply for electricity production
23/08 Vietnam-Korea expo opens in HCM City
23/08 Vietnam auto market sees a rise in imported cars
23/08 Binh Dinh sets sights on direct flights to RoK by year's end
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,252.56 -7.19/-0.57%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.