93 percent of Korean firms satisfied with investments in Vietnam
93 percent of Korean firms satisfied with investments in Vietnam: survey
Up to 93 percent of the businesses from the Republic of Korea (RoK) are satisfied with their investments in Vietnam, according to a recent survey conducted by the Korea Trade and Investment Promotion Agency (KOTRA).
Up to 93 percent of the businesses from the Republic of Korea (RoK) are satisfied with their investments in Vietnam. (Photo: VNA)
Hanoi (VNA) – Up to 93 percent ofthe businesses from the Republic of Korea (RoK) are satisfied with their investmentsin Vietnam, according to a recent survey conducted by the Korea Tradeand Investment Promotion Agency (KOTRA).
The agency said Korean firms have high hopes forVietnam’s growth potential and highly evaluate the skills and diligence ofworkers.
Vietnam is considered a favourable investmentdestination, and the RoK’s wave of investment is continuing, KOTRA said.
It revealed that about 90 percent of the RoK-investedprojects are carried out by small-and medium-sized enterprises, focusing on theprocessing and manufacturing industry, garment-textile, and footwear.
According to Naturon Co., Ltd, an RoKgarment-textile company, Vietnam has posted high and stable economic growth formany years, and has a young and dynamic population.
It added that the RoK’s New Southern Policy hasdetermined the Association of Southeast Asian Nations in general and Vietnam inparticular as priority markets.
Since the Vietnam-Korea Free Trade Agreement(VKFTA) took effect in 2015, two-way trade has increased remarkably.
Bilateral cooperative ties have been enhanced,not only in trade but also in investment and services.
The RoK’s investment has also expanded to otherfields such as retail, finance, green energy, agriculture, real estate, andfood processing.
Vice Chairman of the Vietnam Chamber of Commerceand Industry (VCCI) Vo Tan Thanh said the Vietnamese Government will focus onimproving policies to attract foreign investment while protecting thatinvestment and intensifying state management.
Vietnam will also offer preferential mechanismsfor projects that use modern and environmentally-friendly technology, he added./.
Vietnamese Minister of Industry and Trade Tran Tuan Anh and his Korean counterpart Sung Yun-mo have discussed measures to further bolster economic, trade and investment partnership between the two countries.
Joint efforts of Vietnam and the Republic of Korea (RoK) in dealing with difficulties to promote the bilateral comprehensive cooperation have resulted in miracles in partnership between the two countries, stated Prime Minister Nguyen Xuan Phuc.
Prime Minister Nguyen Xuan Phuc has affirmed that Vietnam attaches importance to cooperation with the Republic of Korea (RoK), and stands ready to serve as a bridge to further promote ASEAN – RoK and Mekong – RoK cooperation frameworks.
More than 700 enterprises of Vietnam and the Republic of Korea (RoK) took part in a business forum in Seoul on November 28 that was expected to help trigger a new wave of Korean investment in Vietnam.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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.