HCM City (VNA) – TheKorea Federation of SMEs (KBIZ) held a seminar in Ho Chi Minh City on October22 to discuss measures to develop export and import markets in Southeast Asia.

Speaking at the event, chief ofKBIZ representative office in Vietnam Kim Duck-lyong said since the beginningof 2019, it has been the fifth time KBIZ has taken Korean firms to Vietnam topromote trade.

They mostly operate in machineryand spare part manufacturing and steel materials used for interior and exteriordécor, air purifiers, industrial gas pumping equipment, among others.

He said the event helps Vietnameseand Korean enterprises learn more about each other, their products, shareexperience and explore the possibility of cooperation.

In early 2019, Vietnamese DeputyPrime Minister Vuong Dinh Hue hosted a reception for KBIZ Chairman Kim Ki-mun.

Kim said under the Republic of Korea’sNew Southern Policy, the Korean government is building industrial parks in manycountries. Apart from Myanmar, Korean enterprises have also been interested inVietnam.

As one of the top importanteconomic partners of Vietnam, the RoK is also the largest investor, the secondlargest supplier of official development assistance and the third largest tradepartner of the country.

Both sides are striving to raise two-waytrade to 100 billion USD in 2020./.