Last year, Vietnam surpassed Hong Kong (China) and became the third biggest export market of South Korea, after China and the U.S.

According to KITA, the bilateral trade exchange between Vietnam and South Korea is expected to reach $ 100 billion in 2020.

In the first two months of this year, South Korea exported $ 7.5 billion worth of goods to Vietnam, increased by 28.1 per cent over the same period of 2017.

Computers, electronics and components were leading the list of items imported by Vietnam from South Korea in the period with $ 2.9 million, up by 72.47 per cent year – on – year and accounted for 39.1 per cent of the total.

It was followed by machines, equipment and spare parts with $ 941 million, down by 16.99 per cent; and then telephones and components with $ 801.4 million, up by 36.66 per cent.

In the first two months of this year, Vietnam’s imports of pharmaceutical materials increased sharply by 3 folds to $ 1.3 million; while the imports of liquefied gas – up by 105.13 per cent; cameras, camcorders and components – up by 164.68 per cent.

Meanwhile, the imports of CBU autos and spare parts to South Korea decreased by 96.64 per cent; auto components and spare parts – down by 51.93 per cent; and fertilizer – down by 61.69 per cent.