In 2018, the bilateral trade turnover reached US$7.7 billion, up 19.3% year-on-year, including Vietnam’s exports of US$4 billion to Australia.

Germany fully supports the Vietnam – EU relations, as well as the ratification of the EU – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA).

Vietnam remains South Korea’s major partner, and would certainly play a key role in the supply chain of South Korean companies, said South Korean official.

Minister of Planning and Investment Nguyen Chi Dung expected Vietnam and India to accelerate the process of opening markets for goods and products from each country.

Vietnam could become a key part in the supply chains of South Korean companies in the fields of automobile, electronics and garment.