The northern province of Bac Ninh is looking to lure more Korean investments, pledging to create the best conditions for both large corporations and small- and medium-sized enterprises to invest in the province, Chairman of the provincial People’s Committee Nguyen Tu Quynh has said.
At the investment promotion conference in the RoK (Photo: VNA)
Seoul (VNA) – The northern province of Bac Ninh is looking to lure moreKorean investments, pledging to create the best conditions for both largecorporations and small- and medium-sized enterprises to invest in the province,Chairman of the provincial People’s Committee Nguyen Tu Quynh has said.
At an investment promotion conference held in Seoul, the Republic of Korea(RoK), on May 8, Quynh said that Korean firms are the locality’s largestpartners, with 824 projects valued at more than 12 billion USD, accounting for19.4 percent of all Korean investment in Vietnam.
Pointing out renowned investors in the province like Samsung, Hanwa, andTechwin, he attributed their successful operations to the locality’s favourablebusiness climate and transport system, well-developed communicationinfrastructure, as well as high-quality human resources, among others.
Attending the conference, Vietnamese Ambassador to the RoK Nguyen Vu Tu spokehighly of the Vietnam-RoK sound relations, particularly in the fields ofinvestment, trade, tourism, and people-to-people exchange.
Good political ties and people-to-people exchange have laid the foundation forthe effectiveness of economic activities, he affirmed.
The Korean Government is carrying out its “New Southern Policy” to bolstercollaboration with the ASEAN bloc, with Vietnam considered a prioritisedpartner, he said, adding that the Vietnamese Government has outlined variouspreferential policies to encourage foreign firms, including those from the RoK,to land long-term investment in the country.
Hundreds of Korean investors and journalists attending the conference wereinformed of Vietnam and Bac Ninh’s policies for foreign investors.–VNA
The northern province of Bac Ninh has been considered as a magnet for foreign direct investment (FDI) attraction with the rising pull of investment in recent years.
The Vietnamese Government welcomes and creates favourable conditions for foreign businesses to make investments in Vietnam, including those from the Republic of Korea (RoK).
Bac Ninh province, about 60km north of Hanoi, handed over investment licenses and signed land-use contracts with many domestic and foreign investors right on the first days of 2019, according to local authorities.
Vietnamese startups are expected to have more opportunities to receive investment and support from Korean investors, who are coming in droves in Vietnam, experts have said.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
At the investment promotion conference in the RoK (Photo: VNA) 
