Vietnam-South Korea bilateral trade hit $80.5 billion
In the first eleven months of 2022, Vietnam - South Korea had bilateral trade totaling $80.5 billion, with exports totaling $22.5 billion and imports totaling $58 billion.
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Banks with good liquidity and low lending interest rates will be prioritized for the recent increase in credit caps, the State Bank of Vietnam has said.
Vietnam gained $49.04 billion from exporting agro-aquatic-forestry products over the last 11 months, a year-on-year increase of 11.8 percent, statistics from the Ministry of Agriculture and Rural Development showed.
The visit of President Nguyen Xuan Phuc to Korea included a sizable economic delegation. It is anticipated that a thorough discussion on business and investment cooperation would take place through this meeting.
In the first eleven months of 2022, Vietnam - South Korea had bilateral trade totaling $80.5 billion, with exports totaling $22.5 billion and imports totaling $58 billion.
In a Resolution on the Action Plan, Prime Minister Pham Minh Chinh established the goal that the Southeast area will have average GDP growth of 8–8.5% between 2021 and 2030.
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