This made it the fourth largest investor in Vietnam for the period.
As of July, there were 3,385 RoK investment projects worth 25.7 billion USD operating in the country.
The ministry said most of the major corporate groups from the RoK have established a presence in Vietnam , including Samsung, LG, Hyundai and Kumho Asiana. Some of these investors plan to expand their investments in the country.
In terms of trade relations, the RoK is Vietnam 's sixth biggest export market.
Since 2007, when the free trade agreement between the two countries took effect, Vietnam 's export turnover to the RoK has increased by more than 100 percent.
According to the Vietnam General Department of Customs, Vietnam exported more than 3 billion USD worth of goods to the RoK in the first half of this year, a year-on-year rise of over 25 percent.
Many key exports saw high growth, including crude oil with 432 million USD, up by more than 150 percent over the same period last year.
This was followed by computers, electronic products and spare parts with 149 million USD, up 128 percent year-on-year.
Next came cassava and cassava products (45 million USD, up by 67 percent), garments (545 million USD, up 42 percent).
Other products like vegetable and fruits, timber, footwear, bags and pepper have also recorded high export growth rates.
Officials and businesses hope the trade between the two countries will further develop as consumption habits in the RoK has changed, creating chances for many Vietnamese products such as coffee.
Last year, the RoK imported 3 billion USD worth of coffee from 83 nations and territories in the world.
Seafood is also another product with high export potential to the RoK.
The Vietnam Association of Seafood Exporter and Processors said shipments of “tra” fish to the RoK has surged steadily in recent years. In the first half of this year, about 3 million USD worth of “tra” fish was exported, up 32 percent year-on-year.
Vietnam is now ranked the third biggest seafood exporter in the RoK.
To increase seafood exports to this market, domestic firms should strengthen their focus on food safety and quality, experts say
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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