Vietnam ready to create best conditions for investors: NA Chairman
The National Assembly of Vietnam is ready to continue to improve the legal system and policies, creating the best conditions for all economic sectors and investors, including those from the Republic of Korea (RoK), to expand their investment and do business in the country, National Assembly chairman Vuong Dinh Hue said on August 2.
NA Chairman Vuong Dinh Hue (right) shakes hands with Kim Jung-tai, Chairman of the Global Strategy Committee of the RoK's Hana Financial Group. (Photo: VNA).
Hanoi (VNA) – The National Assembly of Vietnam is ready to continue to improve the legal system and policies, creating the best conditions for all economic sectors and investors, including those from the Republic of Korea (RoK), to expand their investment and do business in the country, National Assembly chairman Vuong Dinh Hue said on August 2.
At a reception for Kim Jung-tai, Chairman of the Global Strategy Committee of the RoK's Hana Financial Group, Hue expected the group to contribute to perfecting the legal system as well as the investment and business environment in Vietnam.
He appreciated the fruitful cooperation between the group and the Bank for Investment and Development of Vietnam (BIDV) in banking activities and social security contributions to Vietnam in recent years.
The NA Chairman welcomed Hana's signing of an agreement to invest 35% of the charter capital of BIDV Securities JSC, saying this is a long-term strategic decision that reflects the confidence of foreign investors in the economic prospects of Vietnam.
Kim, for his part, said the Hana Group will work closely with BIDV to find solutions to increase investment and create the best cooperation results in the coming time. He also reaffirmed that in addition to participating in investment and business activities, it will contribute to social security work.
Kim also took the occasion to inform the Vietnamese NA leader that as the main sponsor for Korean football tournaments at all level💞s, the group hopes to have more Vietnamese players taking part in the RoK's profess꧑ional tournaments, thereby nurturing the sports talents as well as increasing exchanges in the sports field between the two countries./.
Vietnam and the Republic of Korea (RoK) need to beef up cooperation and investment in the post-COVID-19-pandemic period, said Joo Si-bo, president of the RoK-Vietnam economic cooperation association, at a conference in Seoul on June 24.
Many investors from the Republic of Korea (RoK) hold that Vietnam is an attractive destination, but it still needs clearer policies to attract a new investment wave from the Northeast Asian country, reported Dau tu (Vietnam Investment Review).
Prime Minister Pham Minh Chinh chaired a dialogue with the Republic of Korea (RoK)’s Ambassador Park Noh-wan and representatives of Korean associations and businesses in Vietnam in Hanoi on July 30.
Prime Minister Pham Minh Chinh has called on the Republic of Korea (RoK)’s enterprises to increase investment in Vietnam and boost connectivity with local firms so that Vietnam can soon become a hub in regional and global value chains.
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.
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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.
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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.
NA Chairman Vuong Dinh Hue (right) shakes hands with Kim Jung-tai, Chairman of the Global Strategy Committee of the RoK's Hana Financial Group. (Photo: VNA). 
