RoK increases banana imports from Vietnamese market Monday, 12:29, 19/07/2021
VOV.VN - Vietnam made up the sixth largest supplier of bananas to the Republic of Korea (RoK) during the opening five months of the year after exporting 2,900 tonnes, worth US$2.3 million to the market, according to the Korea International Trade Association (KITA).
This figure represents an annual increase of 13.6% in volume and 48.3% in value, the KITA said.
The association revealed that the RoK imported a total of 155,300 tonnes of bananas valued at US$131.5 million throughout the reviewed period, up 3.4% in volume and 8% in value year on year.
The average price of bananas exported to the RoK increased by 4.5% compared to last year’s corresponding period, hitting US$846.3 per tonnes.
South Korea’s opening a new container shipping route to Vietnam will create more favourable conditions for enterprises to increase bilateral export activities.
South Korea opens new container shipping route to Vietnam
South Korea’s opening a new container shipping route to Vietnam will create more favourable conditions for enterprises to increase bilateral export activities.
On May 24, Incheon Seaport Corporation announced that it has begun operating a new container route from Incheon port to ports in Thailand and Vietnam.
Notably, the latest route, called New Korea Thailand, starts at Incheon Port, traversing a number of ports in Korea, Hong Kong, and China before reaching Laem Chabang and Bangkok Ports in Thailand and ending at Tan Cang Cat Lai Port in southern Vietnam.
Ships on the new route will have three shipping containers with the capacity of 1,500-1,600 twenty-foot equivalent units (TEUs) with the frequency of one route per week. These vessels belong to Korea Shipping Co. Ltd., Chun Kyung Shipping Co., Ltd, and Namsung Shipping Co., Ltd.