The Ho Chi Minh city Economic Forum 2018. (Photo: VNA)

The forum offers opportunities to boost exchange and cooperation between businesses of the two countries. The organizers expect the event will help Korean medium and small-sized companies invest in other Vietnamese localities aside from HCM city.

Ho Chi Minh city is the economic spearhead of Vietnam, while Binh Duong attracts the largest number of Korean firms seeking investment opportunity in the country.

At the end of November, Vietnam will send a delegation to the Korea-ASEAN summit and Korea-Mekong summit in Busan city.

With the support of the Ho Chi Minh city People’s Committee, last year's forum was attended by more than 600 experts, scientists and business representatives to discuss and propose directions of building the southern hub as a smart city.

Vietnam and the RoK are striving to raise bilateral trade turnover to USD100 billion in the near future./.