HCM CITY — Việt Nam is likely to reach US$70 billion of bilateral trade with South Korea by 2020, an official said at a seminar on export promotion to South Korea held on Friday in HCM City. There are 6,130 FDI projects from South Korea in Việt Nam, with total registered capital of $54 billion, according to the ministry. Food trade between Việt Nam and South Korea reached $12 million in 2015. Việt Nam exports mainly textile and garments, telephones and parts, seafood, wood and wooden products, and footwear to South Korea. South Korea has an area one-third the size of Việt Nam, but the country’s population is 51.44 million.

Source: Viet Nam News September 29, 2017 21:56 UTC