Vietnam’s retail market is growing at an annual rate of 10.9% in the 2013 – 2018 period, while most leading names in the market come from South Korea and Japan, ranging from convenience stores, department stores to e-commerce.

To ensure successful businesses, one must fully integrate and adapt to the local environment. In this regard, no one is better than South Korean investors in Vietnam, said Prime Minister Nguyen Xuan Phuc.

The country’s retail network could be modernized thanks to European investment, technologies and high standard governance.

FDI to Hanoi continues to rise while global investment activities shrink due to the growing impacts of the Covid-19 pandemic.

The holding of a dialogues between the Vietnamese government and the Korean business community demonstrates strong economic ties between Vietnam and South Korea.