Addressing the event, Tran Thanh Hai, deputy director of the Import-Export Department under the MoIT, emphasised that the RoK is currently the largest Vietnamese foreign investor and third largest trading partner behind China and the United States.

The two countries also aim to swiftly achieve the goal of raising bilateral trade turnover to US$150 billion by 2030.

Hai highlighted the logistics service industry’s contributions to the burgeoning trade exchanges between the two countries by over recent years, emphasizing that Vietnam always considers the RoK an important partner in its logistics development strategy.

According to the official, the two countries’ logistics associations have devised solutions to optimise logistics activities in order to save costs and time, maintain stable supply chains, and enhance the overall competitive capability for businesses in each country.

Meanwhile, Ngo Khac Le, deputy general secretary of the Vietnam Logistics Business Association, stressed that improvements made in the overall quality of logistics services has provided the basis for developing trade activities between the two countries.

For his part, Kim Seok Goo, general director of Pyeongteak Port of Gyeonggi province, introduced delegates to the robust growth of the RoK’s logistics industry, adding that Pyeongteak port is one of three major ports in the RoK and also a key maritime trade port connecting with Japan and Southeast Asia, including Vietnam.

At the event, delegates discussed the difficulties, new trends, and solutions for turning logistics services into an industry that can bring highly-added value moving forward.