At the “Meet Korea in Da Nang” conference on August 1, part of the 2025 Vietnam–RoK Festival, city leaders emphasised Da Nang’s strategic role in regional connectivity and its growing appeal to Korean investors and tourists.
Delegates at the "Meet Korea in Da Nang" (Photo: VNA)
Da Nang (VNA) – The central city of Da Nang is stepping up cooperation with the Republic of Korea (RoK)’s partners across various sectors, emerging as a standout in local-level ties between the two countries.
At the “Meet Korea in Da Nang” conference on August 1, part of the 2025 Vietnam–RoK Festival, city leaders emphasised Da Nang’s strategic role in regional connectivity and its growing appeal to Korean investors and tourists.
Vice Chairman of the municipal People’s Council Doan Ngoc Hung Anh noted that as of December 2024, Da Nang had 345 Korean-invested projects worth over 1.33 billion USD, mainly in manufacturing and services. The RoK ranked 4th among the 45 countries and territories investing in the city.
Da Nang has established partnerships with eight Korean localities and sees steady growth in cultural, tourism, and education exchanges, and cooperation in smart urban development and green transport.
In the first half of 2025, Da Nang’s exports to the RoK were estimated at 25 million USD, while imports from the country totaled around 36 million USD. Nearly 870,000 Korean tourists visited the city, accounting for 32.7 % of total international arrivals.
With a vision to become a dynamic global city, Da Nang is prioritising digital industries, finance, semiconductors, science, and high-end tourism. The city is also expected to host Vietnam’s first international financial center, further opening doors for global investment.
Minister-Counselor and Consul General of the RoK to Vietnam Chang Ho-Seung praised the city’s progress and growing Korean community presence, expressing hope for deeper cooperation between Da Nang and Korean localities. He affirmed that the RoK Embassy and Consulate General in Da Nang will continue supporting Da Nang’s engagement with Korean partners.
The🦹 conference offered a platform for dialogue, showcasing Da Nang as a gateway for Korꦗean businesses to access central Vietnam and highlighting the shared potential for future collaboration in trade, investment, and sustainable development./.
The Republic of Korea Navy destroyer Kang Gam Chan, carrying 296 officers and sailors, docked at Tien Sa Port on May 4, commencing a three-day courtesy visit to the central coastal city of Da Nang.
The collaboration between Vietnam – Korea University of Information and Communication Technology (VKU) and the Korea SMEs and Startups Agency (KOSME) leverages the robust infrastructure and networks of both sides to advance software talent development in Vietnam.
A business agreement on the development of industrial parks and urban zones has been inked by local industrial property developer - the Sai Gon Da Nang JSC (SGD) and the Korea CEO Summit organisation, aiming at attracting yet more foreign direct investment projects to the central city of Da Nang.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
