The Republic of Korea (RoK) poured 2.32 billion USD in Vietnam in the first four months of 2018, making up nearly 30 percent of the inflow of investment in the Southeast Asian country.
Workers at a Korea-invested mobile phone spare part manufacturing factory in Vietnam's northern province of Thai Nguyen (Photo: VNA)
Hanoi (VNA) – The Republic of Korea (RoK) poured 2.32 billion USD inVietnam in the first four months of 2018, making up nearly 30 percent of the inflowof investment in the Southeast Asian country.
With the figure, the RoK topped the list of 82 countries and territories investingin Vietnam in the period, according to the Foreign Investment Agency (FIA)under the Ministry of Planning and Investment.
Notably, some large-scale projects of the RoK registered to increase capital inthe January – April period.
For example, LG Innotek proposed adding 501 million USD to its camera moduleproduction project at Trang Due industrial park in the northern port city ofHai Phong, raising the total registered capital to 1.05 billion USD.
Meanwhile, Kefico Vietnam Co. Ltd. registered to raise capital by 120 millionUSD for its project in the northern province of Hai Duong, which specializes inmanufacturing components and accessories for motored vehicles.
Recently, the Korea Trade-Investment Promotion Agency (KOTRA) has revealed itsplan to move its main headquarters in Southeast Asia from Singapore to Hanoi tosupport Korean firms doing business in the fast growing market.
KOTRAsaid the decision was made in consideration of the growing number of Koreancompanies that are based in Vietnam or that plan to invest in the SoutheastAsian nation.
According toKOTRA, bilateral trade between Vietnam and the RoK reached 63.9 billion USD in2017. Vietnam is now the fourth largest trading partner of the RoK while thecountry is Vietnam's second-largest.
The agency alsoplans to open new business centres in Ahmedabad, an industrial city in westernIndia, and in Da Nang, a commercial hub in Vietnam’s central region.
KOTRAwill expand business centres in the promising markets to keep up with thechanging trade environment, said CEO Kwon Pyung-oh.
At a recent meeting between Vietnamese and Korean businesses in Hanoi, many RoKfirms highly evaluated Vietnam’s investment environment and investmentincentives.
Gunjae Kim, chairman of the RoK’s Hwasung veterinary medicine company, said alot of RoK firms operating in various fields have made inroads into Vietnam. Hehailed Vietnam’s investment attraction policies with improvements in the businessclimate.
At present, Hwasung has not plannedto open a manufacturing factory in Vietnam, but it wants to seek tradeopportunities and promote import-export activities with Vietnamese businesses,he said.-VNA
Vietnam’s central province of Ha Tinh and the Korea Environment Industry and Technology Institute (KEITI) will cooperate to implement a project on building a master plan on improving the sewage system and river water quality in Ha Tinh.
The Ministry of Industry and Trade and Samsung Vietnam launched a programme to train 200 Vietnamese experts serving training and re-coaching demand of supply firms in support industry of Vietnam.
The Republic of Korea (RoK) investors’ participation in Vietnamese market shows their responsibility for promoting Vietnam-RoK relations, said Minister of Finance Dinh Tien Dung.
The fresh signing of a joint vision statement on defence cooperation through 2030 between Vietnam and the Republic of Korea (RoK) will contribute to promoting defence relations in a deeper and more practical manner, said Minister of National Defence Gen. Ngo Xuan Lich.
Scientists, experts and policymakers from the Republic of Korea and Mekong nations of Laos, Cambodia, Thailand, Myanmar and Vietnam gathered at the RoK-Mekong Peace Forum held in Hanoi on May 10.
The Vietnamese Ministry of Public Health and the Ministry of Food and Drug Safety of the Republic of Korea (RoK) have signed an MoU on cooperation in food safety, pharmaceuticals, cosmetics and medical equipment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
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.
Workers at a Korea-invested mobile phone spare part manufacturing factory in Vietnam's northern province of Thai Nguyen (Photo: VNA) 
