HCM City (VNA) – The Vietnam-Republic of Korea (RoK) coope♓ration foꦦrum on future promising sectors took place in Ho Chi Minh City on July 16.
The event, co-hosted by the Korea Trade-Investment Promotion Agency (KOTRA) under the RoK Ministry of Trade, Industry and Energy (MOTIE) and several units in Ho Chi Minh City, brought together experts who discussed the potential of collaboration across various industries. Vietnam's attractiveness as a destination for Korean investments was also highlighted.
RoK Consul General in Ho Chi Minh City Shin Choong-il said stronger relations between the two countries' leaders has facilitated significant economic cooperation. He pointed to agreements on technology transfer and human resources exchange in emerging fields like eco-friendly energy, digital transformation, green economy and biotechnology.
Underlining the established frameworks for cooperation, including participation in forums like the Asia-Pacific Economic Cooperation (APEC), the Asia-Europe Meeting (ASEM), the Mekong-Korea Cooperation, and the ASEAN-RoK partnership, he noted that the RoK remains Vietnam's top foreign direct investment (FDI) partner, second largest bilateral official development assistance (ODA) provider, and the third largest trade partner.
Director of the Ministry of Planning and Investment's Foreign Investment Agency (FIA) Do Nhat Hoang said Vietnam prioritises projects featuring advanced, new and clean technologies, modern management practices, high added value, broad impact, technology transfer, and global supply chain connection.
According to him, Vietnam regularly announces and updates priority sectors for foreign investment, including electricity, electronics, semiconductors, renewable energy, hi-tech agriculture, research and development, financial centres, digital economy and digital transformation.
Concurrently, Vietnam is working to stabilise macro-economic conditions, pursue its three strategic breakthroughs of institutional reform, infrastructure and human resources; and improve dialogue with investors to address challenges.
The forum concluded with the signing of a memorandum of understanding (MoU) on cooperation between Vietnamese and Korean enterprises./.
Minister of Construction Nguyen Thanh Nghi held talks with Minister of Land, Infrastructure and Transport of the Republic of Korea (RoK) Park Sanwoo in Hanoi on July 16, during which the two ministers inked a memorandum of understanding (MoU) on cooperation between the two ministries in urban and social housing development.
Vietnamese Minister of Home Affairs Pham Thi Thanh Tra and the Republic of Korea (RoK)'s Minister of the Interior and Safety Lee Sang-min agreed to strengthen cooperation in public administration between the two agencies during their working session in Seoul on July 15.
The Multi-Trend Expo & Global Business People’s HUB (Mega Us Expo) 2024, a Vietnam and the Republic of Korea (RoK) multi-sector exhibition, is scheduled from August 22-24 in Ho Chi Minh City with 200 pavilions of Korean partners, more than 30 centres, startups universities together with associations, startups in Vietnam.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
