HCM City (VNA)ꦫ – The Busan Bank (BS) of the Republic of Korea (RoK) opened its branch in Ho Chi Minh City on August 18.
Chief Executive Officer and Director of BS Financial Group Sung Se Hwan said that BS is the RoK’s fifth largest bank, through which more than 60 Korean enterprises have invested in Vietnam.
The opening of the BS branch in Ho Chi Minh City will facilitate the investment of businesses from the RoK in general and Busan in particular in Vietnam, he said.
The bank will strive to become a financial partner of both Korean and Vietnamese enterprises, he added.
Speaking of the bank’s branch opening, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen pledged to create favourable conditions for Korean enterprises to seek investment and business opportunities in the city.
The RoK ranks fourth among countries and territories investing in Ho Chi Minh City. Currently, Korean investors are running 1,200 project in the city with a total capital of 4.22 billion USD.-VNA
Mayor of Busan city Suh Byung-soo has hailed the conclusion of free trade agreement talks between the Republic of Korea (RoK) and Vietnam, saying that it is an important milestone in bilateral cooperation across economics, trade and investment.
Prime Minister Nguyen Tan Dung asked the Honorary General Consul of Vietnam in the Republic of Korea’s Busan-Gyeongnam region to continue with efforts to boost all-around cooperation between Busan and Vietnamese localities, during a reception in Hanoi on July 21.
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&.
Busan Bank (Source: vietreader.com)
