Vietnam, RoK agree to boost cooperation in energy, industry, trade
The 9th session of the Vietnam-RoK Joint Committee on cooperation in energy, industry and trade took place in Seoul on October 22, aiming to concretize potential between the two countries.
Seoul (VNA) - The 9th meeting of the RoK-Vietnam Joint Committee on Energy, Industry and Trade cooperation took place in Seoul on October 22, aiming to concretize potential between the two countries.
The event was co-chaired by Vietnamese Deputy Minister of Industry and Trade Tran Quoc Khanh and Vice Trade Minister at the Korean Ministry of Trade, Industry and Energy (MOTIE) Kim Yong-rae.
During the event, the two sides agreed to enhance cooperation in improving Vietnam’s production capacity, especially in processing, manufacturing, and support industry; and in fostering exports to the RoK market and third countries.
They will work closely to soon launch a Vietnam-RoK consultancy and technology solution centre (VITASK) in 2019, and build a database system on enterprises operating in support industry, thus making it easier for Korean firms to learn about the market and partner with Vietnamese enterprises in this field.
The RoK will continue to support Vietnamese textile producers in improving their digital design capacity.
VITASK is an important project and expected to foster the transfer of support industrial technology to Vietnamese firms, and to support Vietnam in designing, manufacturing, testing support industrial products.
For trade cooperation, the two sides pledged to take all necessary measures to further bolster trade and investment ties in the direction of increasing Vietnam’s export of farm and aquatic products to the RoK, and the RoK’s investment into Vietnam in producing and processing foods and technical infrastructure development.
The two sides agreed to strengthen cooperation in trade defence through continuing their coordination in implementing a technical assistance programme to help Vietnam develop and operate an early warning system of trade defence, thus providing useful information for Vietnamese and Korean FDI enterprises operating in Vietnam.
At the session, a Memorandum of Understanding between the Vietnamese Ministry of Industry and Trade (MoIT) and Samsung Vietnam on cooperation in training human resources in producing molds was signed./.
Vietnam’s Ministry of Labour, Invalids and Social Affairs and the Republic of Korea (RoK)’s Ministry of Employment and Labor (MOEL) signed a memorandum of understanding on cooperation in Hanoi on August 28.
President of the Vietnam General Confederation of Labour (VGCL) Nguyen Dinh Khang has suggested the Federation of Korea Trade Unions (FKTU) increase the sharing of experience with its Vietnamese counterpart.
Chairman of the Vietnam Fatherland Front (VFF) Central Committee Tran Thanh Man said Vietnam always considers Republic of Korea (RoK) one of its most important partners, while paying a courtesy call to Speaker of the RoK National Assembly Moon Hee-sang in Seoul on September 27.
The Vietnam-Korea Businessmen and Investment Association (VKBIA) has joined the organiser of the ongoing International Agriculture Exhibition (IAE) 2019 in Seoul, the Republic of Korea, to run several activities at event.
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&.
At the meeting (Source: VNA) 
