Ho Chi Minh City hopes the Republic of Korea-based Samsung Group would open a research and development centre in the city to take advantage of its skilled human resources, said a local official.
Secretary of the HCM City Party Committee Nguyen Thien Nhan (R) and General Director of the Samsung Electronics Vietnam Choi Joo-ho (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City hopes the Republic of Korea-basedSamsung Group would open a research and development centre in the city to takeadvantage of its skilled human resources, said a local official.
Receiving General Director of the Samsung Electronics Vietnam ChoiJoo-ho on March 14, Secretary of the municipal Party Committee Nguyen ThienNhan congratulated Samsung on its production and business results in Vietnam,saying the development of Samsung has contributed to Vietnam-RoK relations.
Nhan affirmed that HCM City is willing to create favourable conditionsfor the company to expand investment and participate in the Saigon Hi-techPark, and increase the number of local businesses joining Samsung’s supplychain.
He appreciated Samsung’s efforts to help improve the capacity ofenterprises and train high-quality human resources for Vietnam and the city inparticular, and hoped for continued assistance from the company.
Choi voiced his wish to continue receiving support from the city’sleaders and departments and sectors so that the company can reap more fruits inthe coming time.
Sharing Samsung’s production and business results in Vietnam in 2018, hesaid that the HCM City-based factory contributed 3 billion USD to SamsungVietnam’s total export turnover of around 60 billion USD.
Among 630 businesses in Vietnam joining the company’s supply chain, HCM Cityhas 151 businesses, and the figure will increase to 171 in the time ahead, he said.
Samsung is coordinating with the Vietnamese Ministry of Industry andTrade to carry out a consultation support programme to raise the capacity ofVietnamese enterprises, including eight from HCM City. This year, it will helptrain 120 consultants for Vietnam, of whom 60 live in the city, he added.-VNA
About 300 poor elementary and secondary school students in the northern mountainous province of Thai Nguyen will have a new school named Samsung Hope School which was inaugurated on June 26.
Since Vietnam and the Republic of Korea (RoK) set up diplomatic relations in 1992, bilateral ties have seen robust growth in all fields, from politics, economy, security-defence to culture, education and science-technology.
The list of top 500 largest enterprises in Vietnam (VNR500) has been unveiled, showing that Vietnam’s private sector continued to post strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 percent in the 2014-2017 period.
The Vietnamese Government has paidconsiderableattention to Samsung’s investment projects in Vietnam and will continue to create favorable conditions for the firm to successfully do business in the country, Prime Minister Nguyen XuanPhuc told an official from Samsung on January 11.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.