A show opened in Hanoi on Dec. 2 to energise business activities between Vietnam and the Republic of Korea amid the countries’ free trade agreement that was ratified by the RoK National Assembly.
Producing mobile phones at the RoK's Samsung Electronics Vietnam Thai Nguyen Co. Ltd (Photo: VNA)
Hanoi (VNA)🗹 – A show opened in Hanoi on December 2 to energise business activities between Vietnam and the Republic of Korea (RoK) amid the countries’ free trade agreement that was recently ratified by the RoK National Assembly.
About 40 major RoK businesses and 400 others from Vietnam are taking part in the two-day Korea Vietnam Show.
The RoK firms are showcasing cosmetics, food, beverages, apparel, consumer goods, medicine, medical equipment, electronic products and industrial machinery. Their Vietnamese counterparts are also displaying products while seeking importers of agricultural and aquatic goods and garments into the RoK.
Director of the Korea Business Centre in Hanoi and the show’s organiser Lee Kyu Seon said the Vietnam – RoK Free Trade Agreement has opened up numerous opportunities for cooperation between the countries’ enterprises.
RoK companies highly value and believe in the Vietnamese market’s potential, he noted, adding that his centre has held seven similar shows and three large-scale exhibitions in the Vietnamese capital city so far this year.
The trade deal was signed by the two Governments in May this year and ratified by the RoK National Assembly on November 30.
Accordingly, Vietnam will remove import tariffs on 89.9 percent of goods hailing from the RoK within 15 years of the pact’s enforcement. Meanwhile, the RoK will eliminate import tariffs on 95.4 percent of Vietnamese products.-VNA
The Republic of Korea (RoK) was the top foreign investor in Vietnam with total new and expanded investments of 6.2 billion USD through October 2015, according to a report released on November 9.
Vietnam Moc Bai JSC under the Republic of Korea’s Taekwang Group will splash out over 261 billion VND (11.6 million USD) on a high-tech agricultural project in the southeastern province of Tay Ninh.
The President of the Republic of Korea (RoK) welcomed the parliament’s ratification of free trade agreements (FTAs) with Vietnam, China and New Zealand on November 30.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
Producing mobile phones at the RoK's Samsung Electronics Vietnam Thai Nguyen Co. Ltd (Photo: VNA)
