The Vietnamese Government is working to improve investment climate and create the best possible conditions for foreign businesses, including those from the Republic of Korea, to invest in the country.
Prime Minister Nguyen Xuan Phuc (R) receives Global Business Advising Director at CJ Group Jung Young Soo (Photo: VNA)
Hanoi (VNA) 🍃– The Vietnamese Government is working to improve investment climate and create the best possible conditions for foreign businesses, including those from the Republic of Korea, to invest in the country.
Prime Minister Nguyen Xuan Phuc made the statement while receiving Global Business Advising Director at CJ Group Jung Young Soo in Hanoi on September 28.
He underlined the Vietnamese Government’s efforts to stabilise the macro economy, achieve a high economic growth and maintain a stable and peaceful political environment.
He applauded CJ Group’s investment expansion in Vietnam and expressed his belief that the company will be successful as its investment fields suit Vietnam’s interest.
According to the PM, the cultural similarities between the two countries and the community of 130,000 Korean people in Vietnam are favourable conditions for CJ Group to boost investment in food processing.
He also asked the group to help Vietnam increase quality of products and popularise brands of Vietnamese farm produce and food in the global market.
Jung Young Soo said he was impressed by the Vietnamese Government’s resolve to build a constructive government of integrity. He said CJ will invest in food processing in Vietnam to improve local product quality.
The same day, Prime Minister Nguyen Xuan Phuc received Chairman of the GS Group Huh Myung Soo who vowed to make more contributions to Vietnam’s socio-economic development.
The Chairman said GS has engaged in many infrastructure projects in Vietnam and it will continue implementing investment commitments in the country.
He proposed the Vietnamese Government make it easier for the group to make effective investment for mutual benefits.-VNA
As many as 100 Korean businesses operating in the food processing came to an investment seminar held in Seoul on June 26 by the Vietnamese ministries of industry and trade, and planning and investment, the ASEAN-Korea Centre and the Korea Chamber of Commerce and Industry.
Businesses from Vietnam and the Republic of Korea (RoK) explored cooperation opportunities in the field of construction at a workshop in Hanoi on September 16.
Vietnam expects a new wave of foreign direct investment (FDI) from the Republic of Korea (RoK) in the wake of the recently signed bilateral free trade agreement (FTA).
The Ministry of Science and Technology (MoST)’s national agency in the southern region worked with a visiting delegation from the Republic of Korea’s Institute of Industrial Technology (KITECH).
Nearly 100 businesses from the Republic of Korea (RoK) were brought together at a workshop in Seoul on June 1 to explore cooperation opportunities in food processing and beverages in Vietnam.
Vietnam’s Ambassador to Brazil and Bolivia Bui Van Nghi has led an embassy delegation to attend official events marking the 200th anniversary of Bolivia’s Independence Day.
Party General Secretary To Lam met with members of the Vietnam Innovation Network in Korea (VINK) and Vietnamese experts living and working in the Republic of Korea (RoK) in Seoul on August 10 as part of his state visit to the RoK.
In an interview with Korean media on the occasion of Party General Secretary To Lam’s state visit to the RoK, Deputy Prime Minister and Foreign Minister Bui Thanh Son affirmed that the visit demonstrates Vietnam’s strong resolve to further deepen the Comprehensive Strategic Partnership with the RoK, with the aim of fostering greater political trust, closer strategic coordination, more substantive and comprehensive cooperation, and stronger bonds of friendship between the two countries' people.
Prime Minister Pham Minh Chinh, who is also a Politburo member and Secretary of the Government Party Committee, attended the 4th Party Congress of the EVN Party Organisation for the 2025–2030 tenure on August 10, directing EVN to ensure power supply to meet the country’s development demands with double-digit growth set for the coming years.
Party General Secretary To Lam and his spouse Ngo Phuong Ly, along with a high-ranking delegation of Vietnam arrived in Seongnam Air Base in Seoul on August 10 afternoon (local time), beginning a state visit to the Republic of Korea from August 10-13.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Prime Minister Nguyen Xuan Phuc (R) receives Global Business Advising Director at CJ Group Jung Young Soo (Photo: VNA)
