Investors from the Republic of Korea (RoK) in Ho Chi Minh City are facing a number of bottlenecks related to labour regulation and administrative procedures that need to be promptly removed, heard a June 24 dialogue between the municipal leaders and the business community.
HCM City (VNA) – Investors from the Republic ofKorea (RoK) in Ho Chi Minh City are facing a number of bottlenecks related tolabour regulation and administrative procedures that need to be promptly removed, heard a June 24 dialogue between the municipal leaders and thebusiness community.
The collection of seaport infrastructure fees was also pointed to by many participating businesses. From April 1, 2022, all containervehicles entering and leaving the city’s Cat Lai port have to pay an additionalfee for using seaport infrastructure.
Korean firms proposed the establishment of a monthly grosspayment process and a reduction of the fee, given their difficulties fromincreased logistics costs.
Phan Van Mai, Chairman of the municipal People’s Committee,said the southern economic hub is working to recover after two years affectedby the COVID-19 pandemic. Such recovery sees a significant contribution of thebusiness communities, including those from the RoK.
HCM City always supports and creates favourable conditionsfor foreign businesses, including Korean ones, to make safe, effective and long-terminvestments, the leader affirmed, adding that the city also encourages Koreanenterprises to continue being a pioneer in attracting new investment from theircountry to the city in particular and Vietnam in general.
Co-organised by the municipal People’s Committee and the RoKConsulate General in the city, the dialogue was an opportunity for the twosides to exchange ideas and suggestions to build trust, and together overcomedifficulties and grow./.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong received Governor of the Republic of Korea (RoK)’s Gyeongsangbuk province Lee Cheol-woo on June 25 to discuss ways to promote cooperation between the two localities.
The Korea International Cooperation Agency (KOICA) will select Korean consultants to conduct feasibility study for the second phase of Metro Line No. 5 in Ho Chi Minh City.
Ho Chi Minh City and Lotte Properties HCMC, owned by Lotte Group of the Republic of Korea (RoK), have agreed to enhance their cooperation, especially in smart urban building.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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.
At the event (Photo: VNA) 
