SMEs in Gyeonggi Province pioneer way for exports to Vietnam, the ‘Post-China’ market
Createdd 2016-12-09 Hit 473
Contents
2016 G-FAIR Ho Chi Minh runs November 22 to 23 and ends in success; achieves
USD 63.28 million in consultations
The 2016 G-FAIR Ho Chi
Minh, hosted by Gyeonggi Province and supervised by the Gyeonggi Small & Medium
Business Center (GSBC), ran from November 22 to 23. SMEs from Gyeonggi Province
were involved in 3,200 export consultation sessions valued at USD 63.28 million.
ⓒ Gyeonggi G-News
The 2016
G-FAIR Ho Chi Minh (exhibition for outstanding Korean products), the first
G-FAIR to take place in Vietnam, opened new doors for exports into that country.
Vietnam, hailed as the ‘Post-China’ market, is currently the 3rd largest export
destination for Korea.
The 2016
G-FAIR Ho Chi Minh, hosted by Gyeonggi Province and supervised by the Gyeonggi
Small and Medium Business Center (GSBC), ran from November 22 to 23. SMEs from
Gyeonggi Province were involved in 3,200 export consultations worth USD 63.28
million.
More
than 80 SMEs from Gyeonggi Province involved in a variety of sectors that are in
demand in Vietnam – such as electrical/electronic goods, industry/construction services, and consumer
goods, as well as food, beauty, and health products – participated in the 2016
G-FAIR Ho Chi Minh. In addition, 1,350 local buyers based near Ho Chi Minh
visited the event and showed significant interest in the outstanding products
from Gyeonggi Province.
Of particular note, a massive traffic jam developed in
the area surrounding the exhibition venue due to the presence of numerous
motorcycles, the main mode of transport in Vietnam, belonging to buyers at the event.
More than 80 SMEs from
Gyeonggi Province involved in a variety of sectors that are popular in Vietnam – such as electrical/electronic goods, industry/construction services, and consumer
goods, as well as food, beauty, and health products – participated in the 2016 G-FAIR Ho Chi Minh. ⓒ Gyeonggi G-News
In
evaluating this year’s G-FAIR Ho Chi Minh, Gyeonggi Province considers it to be a bridge in pioneering
trade routes to Vietnam for SMEs from Gyeonggi Province following the Korea-Vietnam
FTA that went into effect in December 2015.
Furthermore,
the provincial government said that Gyeonggi Province’s local trade office, GBC Ho
Chi Minh, which opened last April, improved the quality of the consultation
sessions by inviting proven buyers and arranging meetings with participating
corporations.
Vietnamese
buyer Nguyen Duc Hanh said, “With the Hallyu phenomenon in Vietnam and rising demand
for tourism to Korea, a wide range of Korean products including beauty and
grooming products are being introduced to younger generations via SNS.” Nguyen added, “I think we can expect
positive trade outcomes because the design and quality of products from the companies
at G-FAIR Ho Chi Minh are outstanding.”
For
more details on this year’s G-FAIR Ho Chi Minh, please contact the International
Trade Division at the Gyeonggi Provincial Government (031-8008-2461) or the
Export Team at GSBC (031-259-6134, 9).
Lim
Soo-hyeon gnews2683@naver.com
