Vietnam and the Republic of Korea (RoK) have signed an action plan to complete the target of raising their bilateral trade to 100 billion USD by 2023. (Photo: VNA)
Hanoi (VNA) – Vietnam and the Republicof Korea (RoK) have signed an action plan to complete the target of raisingtheir bilateral trade to 100 billion USD by 2023.
The signing took place during the 10th meeting of the Vietnam-RoK Joint Committee on Energy, Industry and TradeCooperation on December 10-12.
Under the action plan, the two sides will work toattract more Korean firms to Vietnam, and facilitate Vietnamese enterprises’exports such as garments-textiles, footwear, timber and agro-fishery products,and processed food to the RoK.
Vietnamese Minister of Industry and Trade Tran TuanAnh and Korean Minister of Trade, Industry and Energy Sung Yunmo reachedconsensus on activities to promote technological transfer, improve personnelquality, and intensify investment and trade connectivity, particularly in automobile,mechanics, electronics and garment-textile.
They also agreed to boost Korean investments inliquefied natural gas (LNG) power projects and renewable energy as well ascooperation in scientific research in service of Vietnam’s energy development.
The two sides discussed solutions to expand andfacilitate the bilateral trade ties, push up with market opening for farmproduce, and handle technical issues that affect their import-export.
On this occasion, the ministers also co-chaired the4th Joint Committee on the Implementation of the Vietnam-RoK FreeTrade Agreement (VKFTA), during which they exchanged views on cooperation in customs,product origin, animal and plant quarantine, commercial technical barriers andtrade remedies, among others, thus helping iron out snags and create a legalcorridor for the implementation of the deal./.
A seminar discussing policies on the phone components industry was recently held by the Department of Trade Promotion (Vietrade) under the Ministry of Industry and Trade and the Korea Trade-Investment Promotion Agency (KOTRA).
Research results on sesame production, processing, and trading from experts in Vietnam and the Republic of Korea (RoK) were the topic of discussion at a workshop held in the north-central province of Nghe An on October 8 and 9.
Vietnam and the Republic of Korea (RoK) sought measures to strengthen bilateral ties in a wide range of fields during the 18th Vietnam-Korea Economic Committee Meeting held online on November 17.
Vietnam and the Republic of Korea (RoK) have mutually agreed to implement an expedited arrival procedure which will allow certain groups involved in short-term visits between the two sides to enter their respective nations without undergoing the mandatory 14-day quarantine.
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.
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.
Vietnam and the Republic of Korea (RoK) have signed an action plan to complete the target of raising their bilateral trade to 100 billion USD by 2023. (Photo: VNA) 
