South Korea Will Pfer More Than 100 Leather Shoes To Vietnam.

According to Vietnamese media reports, in 2015, South Korea will pfer over 100 technologies to Vietnam's enterprises in such fields as machinery manufacturing, textile shoes, automobiles, electronics and so on.

Miot

The Secretary has just announced a list of 167 technologies that Korea pfers to Vietnam.

This is an industrial auxiliary activity by the Ministry of industry and trade of Vietnam and the Korea trade Energy Industry Bureau.

According to the list, the technology pfer involves 53 major fields: machinery manufacturing (including technology), textile shoes (51 technologies), automobiles (35 items), electricity and electronics (28 items) and so on.

Among them, it is worth mentioning that a number of emerging technologies will be unveiled in Vietnam, such as the production and pportation automation technology of polyester fiber containing antibacterial ingredients.

Terminal capability and technology of improving chip substrate productivity.

According to Vietnam's Ministry of industry and trade,

It is complementary to Korea's import and export commodities.

South Korea exported machinery, equipment, textiles, footwear and other raw materials to Vietnam, and imported aquatic products, textiles, footwear, wood products and agricultural products from Vietnam.

At present, South Korea is regarded as one of the key markets in Vietnam.

Since the establishment of diplomatic relations between Vietnam and South Korea in 1992, especially in October 2009, the relationship between the two countries has been developing in an all-round way.

The bilateral trade volume increased from 500 million US dollars in 1992 to 27 billion 300 million US dollars in 2013, an increase of 53 times.

According to the customs and Excise Department of Vietnam, the bilateral trade volume between Vietnam and South Korea was more than US $18 billion in the first 8 months of 2014.

Among them, Vietnam's exports to Korea amounted to US $4 billion 400 million and imports amounted to US $13 billion 796 million.

In addition, the two Koreas are launching a free trade agreement (FTA) negotiations and are expected to be completed in 2014.

If FTA negotiations succeed, it will help to promote the rapid growth of bilateral trade volume.

The two countries strive to maximize bilateral trade volume by US $20 billion in 2015.

At present, Korean famous enterprises such as Samsung, LG, Hyundai, Doosan and Pohang iron making (Posco) are pforming Vietnam into their global production base.

According to Vietnam investment and planning department data, in the first 9 months of 2014, the Vietnamese investment amounted to US $3 billion 350 million, which surpassed Japan as the largest investor in Vietnam.

So far, South Korea has invested more than 33 billion 400 million dollars in Vietnam.