Industrial park of Vietnam - RoK economic cooperation set up in Hung Yen
The People Committee of northern Hung Yen province has issued a decision on the establishment of an industrial park of the Vietnam - Republic of Korea (RoK) economic cooperation.
Vice Chairman of the Hung Yen People’s Committee Dang Ngoc Quynh (R) presents the decision on the industrial park establishment to the TDH Ecoland company (Photo: hungyen.gov.vn)
Hung Yen (VNA) -The People Committee of northern Hung Yen province has issued a decision on theestablishment of an industrial park of the Vietnam - Republic of Korea (RoK)economic cooperation.
The project, covering morethan 140ha of land, is carried out by the LH Group of the RoK, the TDH Ecoland companyof Vietnam, and some Korean investors. It is part of a core economiccooperation project promoted by the RoK Government in the housing, realestate, and industrial sectors via its New Southern Policy.
Investedwith over 1.78 trillion VND (77 million USD) in total, the project aims todevelop clean industrial park infrastructure, helping turn Hung Yen into a modernand “green” industrialised province.
ViceChairman of the provincial People’s Committee Dang Ngoc Quynh said Hung Yenalways stands side by side with enterprises to deal with any difficulty andobstacle. It will create the best possible conditions for them to accelerate investmentso that the first RoK-style clean industrial park in Vietnam will becomeoperational soon.
The industrial park of Vietnam - RoK economic cooperation will be a symbol ofthe two countries’ economic ties, he added./.
Vietnam always attaches importance to the Strategic Cooperative Partnership with the Republic of Korea (RoK) and is ready to work closely with the RoK to optimise existing mechanisms between the two countries to elevate bilateral cooperation, Prime Minister Pham Minh Chinh told RoK Ambassador to Vietnam Park Noh-wan during a reception in Hanoi on October 12.
Vietnam and the Republic of Korea (RoK) exchanged experience in ensuring safety for tourists amid COVID-19, as well as tourism recovery and development after the pandemic at a seminar held virtually on October 22.
An online conference to promote investment from the Republic of Korea in the southern province of Binh Duong was held by the provincial People’s Committee and Becamex IDC Corp on November 9.
A pitching day to promote trade connection between small medium-sized enterprises (SMEs) of Vietnam and the Chungcheong region of the Republic of Korea (RoK) took place both in face-to-face and online forms in Daejeon city on November 16.
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.
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.