Yen Bai province promotes trade with RoK

Economy

Yen Bai province promotes trade with RoK

Friday, April 19, 2024

YBO - Enterprises in Vietnam in general and Yen Bai province in particular are enhancing their trade cooperation with the Republic of Korea (RoK).

Nguyen Thi Khuyen, Director of Nasaki Vietnam Co., Ltd., introduces its tile products to foreign partners.

Currently, Yen Bai's exports are available in nearly 90 countries and territories across the world.

The potential for Yen Bai products remains big in the Korean market. However, its potential and strong exports available in the RoK are still limited in terms of types. Last year, the province’s export value to the Korean market was estimated at 23 million USD, accounting for 6.7% of its total export revenue. Main products were garments and textiles, wooden products and minerals.

According to economists, potential and advantageous products that Yen Bai can increase export to the RoK are garments and textiles, minerals (stone and stone powder), plastic products, wood and wooded products (wooden chopsticks and spoons, sawn timber, household equipment), agricultural products like tea and cassava, cinnamon and cinnamon products, and Nasaki coloured tiles.

Nguyen Dinh Chien, Deputy Director of the provincial Department of Industry and Trade, said that Yen Bai considers the RoK as a key market so the province has issued policies to encourage local businesses to seek ways to enter this market in accordance with its potential and advantages, goods quality requirements and other conditions of exported goods.

In addition, it has continued to create conditions for relevant State management agencies and enterprises to have opportunities to meet with and learn about Korean consumption habits and traditional culture to build appropriate export production and business strategies.

In early March, Do Duc Duy, member of the Party Central Committee, Secretary of the provincial Party Committee, led a delegation on a working visit to the RoK. This activity has contributed to strengthening the good relationship between the two countries in general, between Yen Bai and the RoK in particular as well as promoting the development of investment cooperation with Korean localities and businesses./.

Nguyen Thom

Other news

Yen Binh strives to exceed 12,000 hectares of large timber forests by 2025

Staff from Cong ty TNHH mot thanh vien Thac Ba assessing forest productivity.

Yen Binh District currently boasts over 5,564 hectares of natural forest and more than 36,712 hectares of planted forest, achieving a forest coverage rate of 54.76%.

Yen Bai Farmers’ Union - FFF II Program Management delivers support to farmer members

Leaders of the Farmers' Union and FFF II Program management visiting the model of medicinal herb cultivation under the forest canopy, managed by the Hung Thinh Cinnamon and Medicinal Herbs Cooperative.

The Yen Bai Provincial Farmers' Union, together with the management of the Forest and Farm Facility Phase II Program (FFF II), recently delivered plant and livestock support to eight households developing forest-based production models in Hung Thinh Commune (Tran Yen District) and Thinh Hung Commune (Yen Binh District).

Yen Bai: National E-Commerce Week and Vietnam Online Shopping Day – Online Friday 2024 to take place from November 25 to December 1 (25/11 - 1/12)

National E-Commerce Week and Vietnam Online Shopping Day - Online Friday 2024 presents an opportunity for Yen Bai consumers to experience Vietnamese products online with attractive promotions.

Yen Bai Province will host National E-Commerce Week from November 25 to December 1, along with 60 hours of Vietnam Online Shopping Day – Online Friday 2024, from midnight on November 29 until noon on December 1.

Van Chan district surpassed its initial goal in completing the rural roads by 30 kilometers.

Residents of Cat Thinh Commune donate land for rural road construction.

By the end of October 2024, Van Chan district completed 55 kilometers of rural roads, surpassing its initial goal by 30 kilometers.

Economy