At the event (Photo: VNA) Hanoi (VNS/VNA) – Korean businesses investing in Vietnam can capitalise on preferential treatment under free trade agreements (FTAs) that Vietnam has signed to boost exports, an official has said. Vu Viet Nga, Deputy Director of the East Asia Division under the Department of Asia-Africa Markets at the Ministry of Industry and Trade, was speaking during a teleconference held in Hanoi on December 2. Themed “Vietnam-Korea Investment Connection”, the event was co-organised by the Vietnam Trade Promotion Agency, the Department of Asia-Africa Markets under the Ministry of Industry and Trade and the Korea Trade-Investment Promotion Agency (KOTRA), with the aim to introduce and update information about investment opportunities and trends of Korean enterprises in Vietnam, as well as introducing investment environment in localities. Vietnam has signed 14 free trade agreements, which are ATIGA, RCEP, CPTPP, ASEAN-India, ASEAN-Australia-New Zealand, ASEAN- Korea, ASEAN-China, ASEAN-Japan, ASEAN-Hong Kong, Vietnam-Chile, Vietnam-Japan, Vietnam-Korea, Vietnam- Eurasian Economic Union and Vietnam-EU, said Nga. “In the 2016-2020 period, most tariff lines under the FTAs have entered the period of being deeply cut or completely removed,” she told Vietnam News. “Foreign enterprises, including Korean firms, can make full use of much-touted benefits of those FTAs to increase export… Read full this story
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