KOTRA to move Southeast Asia headquarters to HanoiFriday, May 11,2018
AsemconnectVietnam - The Korea Trade-Investment Promotion Agency (KOTRA) said on May 10 that it will relocate its Southeast Asia headquarters from Singapore to the Vietnamese capital city of Hanoi to support Korean companies doing businesses in the fast-growing market.
According to KOTRA, bilateral trade between Vietnam and the Republic of Korea (RoK) reached US$63.9 billion in 2017. Vietnam is now the fourth largest trading partner of the RoK while the country is Vietnam's second-largest.
The agency also plans to open new business centres in Ahmedabad, an industrial city in western India, and in Da Nang, a commercial hub in Vietnam’s central region.
KOTRA will expand business centres in promising markets to keep up with the changing trade environment, said CEO Kwon Pyung-oh.
The agency is currently operating 10 local head offices and 127 business centres in 86 countries around the world.
Vietnam and the RoK are working to raise two-way trade to US$100 billion by 2020. The RoK ranked first among 125 nations and territories pouring capital into Vietnam in 2017, with total registered capital hitting US$57.7 billion.
HCM City attracts RoK investment to smart urban development
Golden opportunity for Vietnam and UK to build strategic partnership
Vietnamese steel sector amidst US-China trade war
Diplomatic missions help open up trade cooperation opportunities
Embassies enhance Vietnam’s economic links with other nations
Australia supports Vietnamese firms with vocational logistics education
Contech Vietnam to return to Hanoi
Hong Kong calls for investment from Vietnam
HCM City to host Vietfish expo later this month
HCM City, Singapore to bolster ties in smart city building
Vietnam, India enjoy vigorous growth of strategic partnership
Diplomats discuss ways to support firms in int’l integration
Vietnam-US ties see remarkable progress in all fields: Ambassador
Deputy PM rejoices over healthy growth of Vietnam-Japan ties