The Vietnam – Republic of Korea (RoK) business summit took place in the central province of Quang Nam on November 9, discussing policies and orientations for bilateral cooperation in startups, innovation, and technology development.
Deputy Prime Minister Trinh Dinh Dung speaks at the event (Photo: VNA)
Quang Nam (VNA) – The Vietnam – Republic ofKorea (RoK) business summit took place in the central province of Quang Nam on November 9, discussing policies andorientations for bilateral cooperation in startups, innovation, and technologydevelopment.
Speaking at the event, Deputy Prime Minister Trinh Dinh Dungstated it is an opportunity for the two nations to exchange visions and chancesfor collaboration in the new period to deepen their strategic partnership.
Vietnam – RoK economic ties have grown robustly, recording atotal of 8.190 investment projects worth 65.7 billion USD.
In 2018, the RoK was the third largest trade partner ofVietnam, just after China and the EU. Vietnam exported 18.2 billion USD towhile importing 47.5 billion USD worth of products from the RoK.
Vietnam has launched the ‘Made in Vietnam 4.0’ programme,Dung said calling for RoK firms to come to and make fourth-industrial-revolution-relatedproducts in the country.
Vietnam wants to strengthen extensive, comprehensive andeffective with the RoK based on mutual sharing and support to connect theirstrengths and potential, the official affirmed, adding that Vietnam encourageinvestment cooperation in manufacturing, IT, energy, processing and supportindustries, high-tech agriculture, infrastructure, and smart city development,among others.
He recommended Vietnamese and RoK business communitiesexchange new ideas and creative solutions to assist their joint startup andcollaboration projects.
The Vietnamese Government always creates best conditionspossible for RoK investors to operate in Vietnam, particularly in the centralregion, Dung said.
President of Vietnam Chamber of Commerce and Industry VuTien Loc said Vietnam, with stable political environment and good economicgrowth rate between 6.5 to 7 percent in years, is an attractive destination forforeign investors, including those from the RoK.
He noted with an aim of raising trade between the two countriesto 100 billion USD in 2020, Vietnam wants the RoK to facilitate itsagro-forestry-fishery products, apparel, and woodwork and rubber products inaccessing the local market.
Vietnam is willing to take in major goods from the RoK, headded./.
The People’s Committee of northern Hung Yen province and the Republic of Korea (RoK)’s Korea Land and Housing Corporation (LH) on September 20 inked a memorandum of understanding on cooperation on smart city development in Hung Yen province.
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.
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.
Measures to boost cooperative ties between Vietnam and the RoK in various fields, including trade and investment, were discussed at the a session held in Hanoi on October 23.
The Vietnamese booth featured fresh durian, durian ice cream, durian cakes, and other fruits such as dragon fruit and passion fruit, attracting strong interest from Beijing residents and ASEAN diplomats.
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.
