The Vietnam-Korea Businessmen and Investment Association (VKBIA) officially made its debut in Seoul on September 25.

VKBIA Chairman Tran Hai Linh speaks at the launching ceremony 

Addressing the launching ceremony, VKBIA Chairman Tran Hai Linh said members of the association will join hands and serve as a bridge to enhance relations between Vietnam and the Republic of Korea (RoK).

 He highlighted the significance of the establishment of the association, saying that it will contribute to realizing the target of 100 billion USD in bilateral trade in 2020.

 Linh hoped to get support from the Vietnamese Party, State and Government, as well as assistance from the RoK’s authorities for the association’s activities in the coming time.

 Vietnamese Deputy Ambassador to the RoK Tran Truong Thuy said that VKBIA’s formation offers a venue for the two countries’ entrepreneurs to share experience and ideas, thus developing rapidly and sustainably their operations and promoting investment cooperation among them and expanding trade ties between Vietnam and the RoK.

 At the event, VKBIA signed a cooperation agreement with the Vietnam Farms and Agricultural Enterprises Association (VFAEA).