The Vietnamese Government should introduce new policies to encourage the development of environmentally friendly technologies to support industries and businesses, suggested Choi Kyu Chul, vice chairman of Korean Chamber of Commerce and Industry (KCCI) in Ho Chi Minh City, at a seminar held on April 19.
Choi Kyu Chul, vice chairman of Korean Chamber of Commerce and Industry (KCCI) in Ho Chi Minh City addresses the event. (Photo: Sggp.org.vn)
The seminar discussed ways to promote trade relations between Vietnam and Japan, as well as the Republic of Korea (RoK).
Choi said the new policies would assist enterprises in improving their export capacity and boosting trade with other Asian markets.
He also suggested that the country seek to improve high-quality human resources and invest more in infrastructure development, with a specific focus on expanding investment in supporting industries.
Do Quoc Hung, deputy director general of the Asia-Africa Market Department under the Ministry of Industry and Trade, noted that both Japan and the RoK are important trading partners of Vietnam in general, and Ho Chi Minh City in particular.
Japan is Vietnam’s fourth largest trading partner after China, the RoK, and the United States., while the RoK is Vietnam’s comprehensive strategic partner and the third largest trading partner behind China and the US.
Vietnamese textiles, footwear, agricultural, and aquatic products have plenty of opportunities to export to the Japanese and Korean markets.
However, the proportion of Vietnamese goods in the total import turnover of the Japanese and Korean markets remains modest, accounting for 2.7% and 3.3%, respectively, although Vietnam has signed free trade agreements with Japan and the RoK.
Delegates stressed the need to have new support policies in the context that businesses are facing difficulties due to global inflationary pressure, market shrinking, capital inaccessibility, and price fluctuations that impact business production and import-export strategies.
https://english.vov.vn/
