Charmvit Group urged to serve as bridge to attract Korean investors to Vietnam
Deputy Prime Minister Ho Duc Phoc on January 10 asked the Republic of Korea (RoK)’s Charmvit Group to continue serving as a bridge to bring more Korean investors to Vietnam in the coming time.
Deputy Prime Minister Ho Duc Phoc receives Charmvit Group Chairman Lee Ho Woong in Hanoi on January 10. (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Ho Duc Phoc on January 10 asked the Republic of Korea (RoK)’s Charmvit Group to continue serving as a bridge to bring more Korean investors to Vietnam in the coming time.
Receiving its Chairman Lee Ho Woong in Hanoi on January 10, Phoc said that in 2024, Vietnam attracted over 38 billion USD in foreign direct investment (FDI), achieved a GDP growth rate of 7.09%, and posted a total import-export turnover exceeding 800 billion USD, along with a stable exchange rate. These factors create a very favourable environment for foreign corporations to invest in Vietnam.
Emphasising Vietnam's interest in attracting high-quality and highly effective projects that are mutually beneficial, the Deputy PM expressed his delight at Charmvit's effective projects in Vietnam, such as the Grand Plaza 5-star hotel and the Phoenix Golf Course in Hoa Binh province. These projects have positively contributed to Vietnam’s socio-economic development, he noted.
Welcoming the group’s investment expansion and relocation to Vietnam, Phoc affirmed that the Vietnamese government is always ready to create conditions for Korean businesses in general and Charmvit Group in particular to invest and operate sustainably in the country.
He also suggested that the Korean firm continue to closely coordinate with relevant Vietnamese agencies in implementing the committed projects.
On this occasion, Phoc, Lee, and representatives from Hanoi, the Ministry of Finance, the Ministry of Natural Resources and Environment, and the Ministry of Planning and Investment, discussed a project to develop a multi-functional entertainment complex and horse racing track in Hanoi’s Soc Son district.
💙 Lee told the host about Charmvit Group's projects in Vietnam and mentioned some obstacles regarding the project in Soc Son. The 420 million USD project got in-principle approved from the Prime Minister on September 12, 2019. Its investors are the Hanoi Tourism Corporation and the RoK’s Global Consultant Network Co., Ltd./.
The General Department of Vietnam Customs and the Republic of Korea (RoK) Customs Service have signed a mutual recognition agreement (MRA) on authorised economic operator (AEO).
The Vietnamese Embassy in the Republic of Korea, in collaboration with the Employment Permit System (EPS) Labour Management Office and the Management Office of Vietnamese Labourers in the RoK, on December 5 organised a meeting with Vietnamese consultants at support centres for foreign workers, as well as representatives of Vietnamese community groups in the East Asian country.
The Asia Tourism Development Institute (ATI) and the Korea Tourism Management Association organised a conference in Hanoi on November 30 to promote tourism, trade, and education cooperation between Vietnam and the Republic of Korea (RoK).
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
