Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
9
Job creation lowest on record among under-30s
-
10
NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
South Korea's trade with Vietnam increased 7 percent in the first 11 months of this year compared with a year ago, Seoul's trade ministry said Wednesday.
The bilateral trade volume reached $62.6 billion as of November, making Vietnam South Korea's fourth-largest trading partner after China, the United States and Japan, the Ministry of Trade, Industry and Energy said.
South Korea's exports to Vietnam rose 1.9 percent on-year to $44.5 billion over the period, while its imports soared 22 percent to $18.1 billion on strong demand for displays and electronics parts produced in Korean factories in Vietnam, the ministry said.
Vietnam was South Korea's eight-largest trading partner in 2014, but has become the fourth-largest partner since the bilateral trade pact went into effect in 2015 December.
South Korea is Vietnam's No. 1 investor, with its direct investment in the first nine months of this year coming at $2.81 billion, a 24.5-percent rise from a year earlier, it noted.
A growing number of Korean companies, including Samsung Electronics Co., have built factories in Vietnam to manufacture advanced technology items, including semiconductors, displays and cell phones. (Yonhap)
