This is seen as the two sides’ efforts to enhance bilateral economic ties, said the RoK Trade Ministry on August 29.
Last August, both countries agreed to start FTA negotiations after completing a joint research on the feasibility of the agreement in November 2011.
According to the RoK Trade Ministry, Vietnam is an emerging and quickly growing nation with an average economic growth of 5-8% annually.
Last year, Vietnam was the 15th biggest trade partner of the RoK, with RoK’s exports to Vietnam worth US$13.55 billion, an increase of 40% from 2010, and Vietnam’s exports to the RoK worth US$5.08 billion , an increase of 53% in the same period.
