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.

Participating in global value chains is an inevitable step towards building and developing brands, as well as gaining a firm foothold on the world market, said Le Hoang Tai, deputy head of the Trade Promotion Agency, at an investment promotion workshop in Hanoi on April 11.

Chairman of the southern Ba Ria – Vung Tau provincial People’s Committee Nguyen Van Trinh presented investment licenses to four foreign-invested and four domestic projects during a ceremony on Feb. 6

Hyosung Corporation of the Republic of Korea has proposed to build polypropylene (PP) factories and a liquid petroleum gas (LPG) storage facility in southern Ba Ria-Vung Tau province.

Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.