The Free Trade Agreement between Vietnam and the Republic of Korea (RoK), which came into effect two years ago, has served as a catalyst for the two countries’ trade growth.
Technician at Samsung Electronics Complex in Vietnam. (Photo: VNA)
Hanoi (VNA) – The Free Trade Agreement between Vietnam and theRepublic of Korea (RoK), which came into effect two years ago, has served as acatalyst for the two countries’ trade growth.
Bilateral trade surged 43 percent year on year to 58.8 billion USD duringJanuary-November.
The RoK’s Ministryof Trade, Industry and Energy said on December 19 that two-way trade hasincreased in three consecutive years and Vietnam has become fourth largesttrade partner of the RoK.
In the first 11 months of the year, the RoK’s exports to the Southeast Asiancountry soared 48.4 percent from the same time last year to 43.7 billion USD onsemiconductors, displays, wireless communication equipment and electronicsparts. With such result, Korean products made up 22.3 percent in the Vietnamesemarket, just following China.
Meanwhile, imports from Vietnam rose 29.2 percent to 14.8 billion USD in thereviewed time, mostly in wireless communication equipment, clothing, and otherdaily necessities.
The ministry said that RoK enterprises poured 54.5 billion USD into Vietnam inthe first half of the year, making it become the largest source of foreigndirect investment of Vietnam.
More than 5,000 RoK companies are running business in Vietnam, includingSamsung Electronics Co., LG Electronics Inc. and Doosan Engineering &Construction Co. They chose Vietnam to take advantage of cheap labour and agrowing number of middle-class consumers in the fast-growing economy.-VNA
The Vietnam Union of Friendship Organisations (VUFO) always wants the best environment for the community of Republic of Korea citizens in Vietnam, said VUFO General Secretary Don Tuan Phong.
Ho Chi Minh City always treasures and wants to boost cooperation with localities of the Republic of Korea (RoK) in the fields of tourism, healthcare, investment and environment.
Ho Chi Minh City will create favourable conditions for enterprises and people from the RoK to live and do business in the city, Chairman of the municipal People’s Committee Nguyen Thanh Phong said.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Technician at Samsung Electronics Complex in Vietnam. (Photo: VNA) 
