Deputy PM pledges facilitation of RoK corporation’s operation in Vietnam
Deputy Prime Minister Le Minh Khai received in Hanoi on May 10 Lee Sang-Woon, Vice Chairman and COO of Hyosung Corporation – the third biggest investor from Republic of Korea (RoK) in Vietnam after Samsung and LG, pledging to facilitate the conglomerate’s operation in the country.
Deputy Prime Minister Le Minh Khai (R) and Lee Sang-Woon, Vice Chairman and COO of Hyosung Corporation, at their meeting in Hanoi on May 10. (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Le Minh Khai received in Hanoi on May 10 Lee Sang-Woon, Vice Chairman and COO of Hyosung Corporation – the third biggest investor from Republic of Korea (RoK) in Vietnam after Samsung and LG, pledging to facilitate the conglomerate’s operation in the country.
Appreciating the cooperative relationship between the two nations’ governments, Khai highlighted the crucial role of Korean investors in Vietnam, especially global-scale conglomerates like Hyosung.
The Deputy PM acknowledged the corporation’s effective investment and business activities in various sectors such as industry, construction, trade, IT, as well as its corporate social responsibility efforts. Since 2007, the group has channeled more than 4 billion USD into Vietnam.
For his part, Lee said nearly all of Hyosung's factories in the RoK have been transferred to Vietnam. Most recently, the conglomerate has invested in a carbon fiber plant worth 730 million USD in the southern province of Ba Ria-Vung Tau. The facility is currently the most modern of its kind in the world.
Hyosung wishes to build a made-in-Vietnam ATM manufacturing plant and a large data centre in Ho Chi Minh City's high-tech zone, he went on.
Welcoming Hyosung's expansion plans in industries involving raw materials, power systems, data centres, and biofuels, among others, the Deputy PM requested the company prioritise environmental protection, promote partnerships with Vietnamese enterprises, utilise materials that Vietnam can produce, and ensure the welfare of workers.
Taking into account Hyosung's interest🌠 in joining🍌 the modernisation of Vietnam's banking system, Khai suggested the conglomerate collaborate with the State Bank and the Ministry of Finance to discuss specific details./.
Prime Minister Pham Minh Chinh received Chief Financial Officer (CFO) of Samsung Electronics Park Hark-kyu in Hanoi on May 9, calling on the firm from the Republic of Korea (RoK) to view Vietnam as a strategic manufacturing and export base.
Vietnam is seen a next generation workshop and a growing market to become an advanced research and development (R&D) centre, said an article published by Dong-a Ilbo newspaper of the Republic of Korea (RoK).
Genuone Sciences, the Republic of Korea’s leading pharmaceutical company, announced on February 26 that it signed a business agreement with Vietnam’s Imexpharm Joint Stock Company (IMP) on the transfer of technology for seven products, including medications for the treatment of cardiovascular and diabetes-related diseases.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
Senior Vietnamese leaders on June 19 sent letters of congratulations to New Zealand leaders on the occasion of the 50th founding anniversary of Vietnam – New Zealand diplomatic relations (June 19, 1975 – 2025).
The Party chief attributed the achievements in the first half to the continuous, direct, and comprehensive leadership of the Politburo and the Secretariat of the Party Central Committee, and the close and effective coordination of relevant ministries, sectors and localities.
General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.
