The Korea Rice Foodstuffs Association (KRFA) of the Republic of Korea inaugurated its Vietnam representative office in the Mekong Delta city of Can Tho on December 13.
KRFA Chairman Kim Nam Doo said the opening of the office is aimed at facilitating links between food processing firms of the two countries, contributing to the development of the industry in both countries.
The office will help connect RoK firms with the Vietnamese market, KRFA executive director Lee Soong Ju said, adding that it will provide information on the market, the distribution system, local farm produce and development trend to DRFA member companies which want to invest in Vietnam.
The office also works as a bridge for enterprises of both countries, proposing possibilities for their cooperation and assisting with the export of products to the other country.
Vice Chairman of Can Tho People’s Committee Truong Quang Hoai Nam said he hopes the representative office will help bring more KRFA member firms to Vietnam
Can Tho is seeing more RoK investor coming, with a remarkable investment project being a 171 million USD sport shoe factory of Tae Kwang group.
The city has exported 30.3 million USD worth of goods to the RoK so far this year, and imported 4.2 million USD from the Northeast Asian country, mostly pharmaceutical materials, fertilizer, cloth and garment accessory./.