Vietnamese investors gained insight into Pyeongtaek port, an entrepot linked with other international seaports, in the Republic of Korea (RoK) during a workshop in Hanoi on April 21.
Lim Song-hack, Director General of Pyeongtaek Regional Maritime Affairs and Fisheries Office, said the newly-operational Pyeongtaek port handled a record 100 tonnes of cargo last year and has the potential to become one of the most dynamic and developed seaports in the RoK.
Since Vietnam and the RoK concluded negotiations on a free trade agreement, the event enabled Vietnamese firms to obtain more information on business in maritime transport and logistics.
The RoK is currently the largest investor in Vietnam with 4,140 projects worth 37.7 billion USD. Trade soared nearly 55 times from 0.5 billion USD in 1992 to 30 billion USD in late 2014, and is expected to hit 70 billion USD by 2020, said Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Doan Duy Khuong.
Khuong said there remains significant room for mutual growth in diverse fields, but especially in transport and logistics.
The workshop was co-hosted by the VCCI, the Vietnam Maritime Administration, and the Pyeongtaek Regional Maritime Affairs and Fisheries Office.
VNA
