LS Eco Energy, the Vietnamese subsidiary of the Republic of Korea’s LS Cable & System, is planning to build submarine cable plants in Vietnam and Europe to capitalise on the soaring demand for extra-high-voltage submarine cables.
Seoul (VNA) - LS Eco Energy, the Vietnamese subsidiary of the Republic of Korea’s LS Cable & System, is planning to build submarine cable plants in Vietnam and Europe to capitalise on the soaring demand for extra-high-voltage submarine cables.
The company held a "Value Up Day" on May 30 where it unveiled its medium- and long-term growth strategy.
In the newly released strategy, it plans to enhance efforts regarding its submarine cable and rare-earth magnet business for its continuous growth. It also looks to raise sales by 2.5 times by 2030.
LS Eco Energy manufactures extra-high-voltage cables. The facility in Vietnam is the first overseas production base of LS Cable & System and has become the leading cable company in Vietnam. More than 30% of its revenue comes from the exports to North America and Europe.
LS Eco Energy plans to complete selecting investment locations for the submarine cable plants in Vietnam and Europe this year and start construction soon.
ꦕ In Vietnam, a production site is set to be established under the partnership with the Petrovietnam Technical Services Corporation (PTSC)./.
GS25, a leading convenience store chain in the Republic of Korea operated by GS Retail, recently opened its 300th store in Vietnam, six years after breaking into the Southeast Asian country.
A series of fascinating activities was held at the Korea Travel Festa 2024 at K-Town, Ocean City in the capital city of Hanoi on May 25-26 to popularise the East Asian country’s tourism among Vietnamese tourists.
A kaleidoscope of fascinating activities were held at the Korea Travel Festa 2024 by the Korea Tourism Organisation (KTO) at K-Town, Ocean City in the capital city of Hanoi on May 25-26 to popularise the East Asian country’s tourism among Vietnamese tourists.
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.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
