High-tech sector to welcome investment wave from RoK
Investors from and localities in the Republic of Korea (RoK) have carried out a host of investment promotion activities in HCM City, Dong Nai, and Binh Duong recently as capital, especially for the high-tech industry, begins shifting to Vietnam.
Hanoi (VNA) - Investors from and localities in the Republicof Korea (RoK) have carried out a host of investment promotion activities in HCMCity, Dong Nai, and Binh Duong recently as capital, especially for the high-techindustry, begins shifting to Vietnam.
In an interview with Vietnam Investment Review, Kim Heung Soo, Chairmanof the Korean Chamber of Commerce & Industry (KOCHAM) in Vietnam, said RoKinvestment in the country used to primarily focus on production sectors such asapparel, handbags, and footwear.
Capital has now been steered towards high-tech industries such aselectronics, IT, automobiles, construction materials, and services, he explained.In addition to Samsung and LG, leading RoK enterprises such as Hyosung, the SKGroup, and Hyundai Motors are also investing in these fields.
Analysts have noted that Vietnam continues to benefit from productionchains being moved into the country. RoK giants like Samsung and LG are also buildingresearch and development facilities in Vietnam, proving that it is moving upthe value chain and attracting more high-quality foreign investment.
Dean Rolfe from audit, tax, and advisory services provider KPMG Vietnam notedthat one reason behind capital flowing into Vietnam’s high-tech sector is thediversification of production chains.
The southern province of Dong Nai is among the key destinations of RoK investors.It is currently home to 400 projects from the RoK worth more than 6.6 billionUSD, making the country the largest investor among the 43 countries andterritories pouring capital into the province.
In neighbouring Binh Duong province, meanwhile, the Investment andIndustrial Development Corporation (Becamex IDC) and its RoK partner haveproposed an investment in building a 900-ha science and technology industrialpark. Becamex IDC said they have prepared the necessary paperwork for theproject and identified potential tenants.
The RoK is ranked fifth among the countries and territories investing inBinh Duong, with over 800 projects worth nearly 3.2 billion USD./.
Government officials from Vietnam and the Republic of Korea (RoK) have discussed measures to raise two-way trade to 100 billion USD this year despite regional and global economic difficulties caused by the novel coronavirus outbreak.
The Republic of Korea (RoK) and Vietnam held a video conference on April 13 to share ideas on ways to expand their economic ties despite the strain caused by the pandemic on global business activities, according to the Yonhap News Agency.
Hanoi welcomes more investors from the Republic of Korea (RoK), Secretary of the municipal Party Committee Vuong Dinh Hue said and invited RoK businesses to participate in an investment promotion forum hosted by the city in June.
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.
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.
Illustrative photo (Source: baodautu.vn) 
