The first session of the Joint Committee on the implementation of the Vietnam-Korea Free Trade Agreement (Photo: VNA)
Seoul (VNA) – Two joint committees between Vietnam and the Republicof Korea have taken place in Seoul to promote bilateral trade and investment.
The Vietnamese delegation to the events was led by Minister of Industry and TradeTran Tuan Anh, while the RoK delegation was headed by Minister of Trade,Industry and Energy Joo Hyung-hwan.
In the minutes signed at the end of the seventh session of the Vietnam-RoKJoint Committee on cooperation in nuclear power, industry and trade, the twosides were unanimous on some contents of bilateral cooperation in such fieldsas energy and mineral, technology incubator, material and spare partproduction, human resources development, garment-textile, distribution,logistics and trade promotion.
This will be foundation for the two sides to build and carry out specific projectsto boost collaboration in industry, trade and energy.
Inthe joint statement of the first session of the Joint Committee on theimplementation of the Vietnam-Korea Free Trade Agreement (VKFTA), the two sidesacknowledged each other’s efforts in carrying out bilateral cooperationactivities in the fields of animal and plant quarantine, technical standard, thusimplementing commitments in the VKFTA effectively.
Ministers Tran Tuan Anh and Joo Hyung-hwan spoke of the development of the twocountries’ economic, trade and investment ties in recent years, especiallyafter the VKFTA came into effect in late 2015.
They agreed to continue efforts to deepen the trade, industry and energy cooperation,contributing to realising the two countries’ strategic cooperative partnershipand the goal of 70 billion USD in bilateral trade by 2020.
They also agreed to convene the next sessions of the two joint committees in2017. The time and venue will be discussed and fixed later.-VNA
Increasing visits between defence agencies of Vietnam and the Republic of Korea (RoK) will help bolster bilateral ties, said Le Hien Van, deputy head of the General Political Department of the Vietnam People’s Army.
Businesses of the Republic of Korea should boost the export of consumer products to Vietnam to maintain the current export growth in this market, according to a report by the Korea International Trade Association (KITA) released on November 24.
The Export -Import Bank of the Republic of Korea (RoK) has approved a loan of 76.93 million USD for Vietnam to upgrade the irrigation systems in the Len and Hoang Mai rivers in the central region.
Industrial and agricultural firms from Gyeongsangbuk province of the Republic of Korea see Vietnam as a great potential market for their products, according to the province’s Vice Governor.
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.
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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.
The first session of the Joint Committee on the implementation of the Vietnam-Korea Free Trade Agreement (Photo: VNA) 
