The Vietnamese Party, State, Government and localities always create favourable conditions and protect legitimate rights for foreign firms, including the Republic of Korea’s SK Group, to land technology investment in the country amid the Fourth Industrial Revolution, Prime Minister Nguyen Xuan Phuc said on June 5.
Prime Minister Nguyen Xuan Phuc (R) and SK Group Chairman Chey Taw-won (Photo: VNA)
Hanoi (VNA) - The Vietnamese Party, State, Government and localitiesalways create favourable conditions and protect legitimate rights for foreignfirms, including the Republic of Korea’s SK Group, to land technologyinvestment in the country amid the Fourth Industrial Revolution, Prime MinisterNguyen Xuan Phuc said on June 5.
Hosting a reception for SK Group Chairman Chey Taw-won in Hanoi, PM Phuc saidhe welcomes SK Group’s non-refundable aid worth 30 million USD for the Ministryof Planning and Investment to develop the National Innovation Centre (NIC).
Chey, for his part, expressed his delight over the strong economic developmentin Vietnam, and said that SK’s investment expansion in the Southeast Asiancountry via its collaboration with VinGroup aims to create new value for localpeople.
As the SK hopes to engage in developing environmental protection technology inVietnam, Chey said he expects support from the Vietnamese Government as well ascoordination from competent ministries and sectors.
The Vietnamese leader said VinGroup and the SK should outline new cooperationprogrammes, adding that the SK has been on its right track in Vietnam with manyprojects in smart urban development, and electric motorbike production,contributing to the creation of a qualitative change in the production in thecountry.-VNA
The establishment of the National Innovation Centre (NIC) will be a catalyst for promoting economic development based on science, technology, and innovation, Minister of Planning and Investment Nguyen Chi Dung said at a press conference in Hanoi on December 21.
Conglomerate SK Group of the Republic of Korea (RoK) plans to purchase 1 billion USD worth of stocks in Vietnam’s real estate-retail-tech giant Vingroup, according to Bloomberg.
SK Group, the third largest business group in the Republic of Korea (RoK), said on May 16 that it would invest 1 billion USD in Vingroup - Vietnam's leading real estate and retail conglomerate, as part of its efforts to expand presence in the Southeast Asian market.
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&.
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.
Prime Minister Nguyen Xuan Phuc (R) and SK Group Chairman Chey Taw-won (Photo: VNA) 
