Gangneung-si export company signs Memorandum of Understanding (MOU) with Vietnam E-commerce Association

**Gangneung City Export Association signs Memorandum of Understanding (MOU) with Vietnam E-commerce Association**

Gangneung City Export Association signed a Memorandum of Understanding (MOU) with Vietnam E-Commerce Association, making significant progress in strengthening trade and economic cooperation between the two countries. The MOU was signed to gain an important foothold for local companies in Gangneung City to enter the Vietnamese market and promote export expansion through Vietnam's rapidly growing e-commerce market.

### A new chapter in economic cooperation between the two countries

The MOU signing ceremony was successfully held with key participants from Gangneung City Export Association and Vietnam E-Commerce Association. On this occasion, the two sides agreed to expand business opportunities based on e-commerce for enterprises from both countries through mutual cooperation and promote economic growth through this.

Through the signing of this MOU, the Gangneung City Export Association plans to provide opportunities for various products from the Gangneung region to enter the Vietnamese market and focus on promoting the excellence of Korean products to local consumers. In particular, we will develop various marketing strategies using online platforms through cooperation with the Vietnam E-Commerce Association, and focus on raising awareness of Gangneung products in Vietnam through this.

### Vietnam's e-commerce market growth potential

Vietnam is currently one of the fastest growing e-commerce markets in Asia, and online shopping is exploding due to an increase in the number of young consumers and the expansion of Internet and mobile usage. Through the signing of this MOU, Gangneung City Export Association plans to provide multifaceted support for Gangneung companies to successfully establish themselves in the Vietnamese market, which has this potential for growth.

An official from Gangneung City Export Association said, “Vietnam's e-commerce market is an attractive market with unlimited possibilities. Through the signing of this MOU, we will do our best to make it easier for small and medium-sized enterprises in the Gangneung region to enter the Vietnamese market and gain competitiveness in the global market.”

### Continued strengthening of cooperation between Gangneung City and Vietnam

This MOU is expected to go beyond the simple start of cooperation and become an important foundation for continued economic cooperation between Gangneung City and Vietnam in the future. The two sides plan to check the implementation status of the MOU through regular cooperative meetings and provide necessary support and resources to achieve practical results.

The Gangneung City Export Association plans to continue expanding cooperation with various overseas markets, including Vietnam, and promoting the globalization of the Gangneung region's economy. To this end, we will develop customized support programs specialized in overseas markets, and actively support enterprises in the Gangneung region to effectively utilize e-commerce platforms in each country.

### Conclusions

The signing of a memorandum of understanding between Gangneung City Export Association and Vietnam E-commerce Association will be an important milestone in further strengthening economic cooperation between Gangneung City and Vietnam and providing opportunities for mutual development for enterprises in both countries. Through this agreement, companies in the Gangneung region are expected to create new business opportunities in Vietnam's rapidly growing e-commerce market, which is likely to contribute greatly to the revitalization of the Gangneung region's economy.

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