This paper examines the Korea-Vietnam bilateral trade from the perspective of trade in value-added to find the followings. First, the electronics industry is at the center of the bilateral trade. Second, the proportion of intra-industry trade is significant. Finally, the value-added created through bilateral trade has been unequally shared between the two countries. The findings imply that Vietnam has participated in the regional production chains organized by Korea and performs low value-added tasks. Whereas Korea performs high value-added task and captures the lion’s share of value-added.