SK Group unveils 30 mln USD investment for VN’s innovation centre
SK Group announces 30 mln USD investment for Vietnam’s innovation centre
SK Group, the third largest conglomerate in the Republic of Korea, on June 9 announced its plan to fund 30 million USD for Vietnam’s National Innovation Centre (NIC).
SK Group plans to fund 30 million USD for Vietnam’s National Innovation Centre (NIC). (Photo: pulsenews.co.kr)
Hanoi (VNA) – SKGroup, the third largest conglomerate in the Republic of Korea, on June 9announced its plan to fund 30 million USD for Vietnam’s National InnovationCentre (NIC).
SK Group Chairman CheyTae-won reached the agreement while making a three-day visit to Vietnam lastweek.
NIC, planned to be developedin an industrial park in Hanoi, will host some 40 big technology companies and150 startups, plus 15 venture investment funds. Its construction is expected tobe completed by 2020.
Last month, the SK Groupsaid it planned to purchase a 6.1 percent stake of Vietnam’s real estate-retail-techgiant Vingroup at the price of 1 billion USD. In 2018, the group spent some 470million USD acquiring 110 million shares in Masan Group, the second largestprivate firm in Vietnam.
In August 2018, its fiveaffiliates, including SK Holdings Co. and SK Innovation Co., established ajoint venture named SK South East Asia Investment Pte. Ltd. in Vietnam tolaunch promising business opportunities in the burgeoning Southeast Asianmarket.
Chey said that his group will continue practical investment to create practicalvalue for the Vietnamese people.
TheKorean group operates in the fields of energy, telecommunications, high-techcomponents, logistics and services. It has been present in more than 40countries and territories.-VNA
Masan Group Corporation has announced the completion of SK Group’s purchase of 109.89 million of its treasury shares at 100,000 VND (4.28 USD) per share for a total consideration of 470 million USD.
Prime Minister Nguyen Xuan Phuc has expressed his wish that investors from the Republic of Korea (RoK) and the SK Group in particular would continue expanding their business operations in Vietnam.
Conglomerate SK Group of the Republic of Korea (RoK) plans to purchase 1 billion USD worth of stocks in Vietnam’s real estate-retail-tech giant Vingroup, according to Bloomberg.
SK Group, the third largest business group in the Republic of Korea (RoK), said on May 16 that it would invest 1 billion USD in Vingroup - Vietnam's leading real estate and retail conglomerate, as part of its efforts to expand presence in the Southeast Asian market.
The Vietnamese Party, State, Government and localities always create favourable conditions and protect legitimate rights for foreign firms, including the Republic of Korea’s SK Group, to land technology investment in the country amid the Fourth Industrial Revolution, Prime Minister Nguyen Xuan Phuc said on June 5.
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.
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.
SK Group plans to fund 30 million USD for Vietnam’s National Innovation Centre (NIC).
