The Republic of Korea (RoK)’s Ministry of Trade, Industry, and Energy on November 25 organised a roundtable with Korean businesses operating in Vietnam to discuss strategies to respond to potential changes in US trade policies under the incoming administration of President-elected Donald Trump.

The Vietnamese Embassy and the Vietnamese Business Association in the Republic of Korea (RoK) recently held a ceremony to honour Korean firms and Vietnamese people who have donated funds in support of those affected by Typhoon Yagi in the homeland.

A total of 115 outstanding students received scholarships worth 1.15 billion VND (about 47,500 USD) from 61 Korean enterprises at the Korean Entrepreneur Corporate Social Responsibility (CSR) Festival on November 29 in Hanoi.

Among countries and territories currently investing in Bac Ninh, the Republic of Korea is the biggest investor. Over the past years, Korean firms have been seeking investment opportunities in the locality.

Permanent Deputy Prime Minister Pham Binh Minh on December 6 encouraged Korean firms to expand investment in Vietnam in digital technology, electronics, infrastructure and industrial zones.

The northern province of Ha Nam has called for investment from the Republic of Korea (RoK) during an investment promotion conference in Seoul on September 22, which drew about 100 RoK firms.

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.

The People’s Committee of northern Bac Giang province on April 7 held a meeting with representatives of organisations and agencies of the Republic of Korea (RoK) in Vietnam and 170 Korean investors in the locality.

The Republic of Korea (RoK) wishes to invest in building an industrial park for Korean firms with an area of 50 hectares and set up a service support centre for foreign enterprises to facilitate their operations.

Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics, said Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT).

The northern province of Ha Nam has stepped up investment promotion in the Republic of Korea (RoK) and joined many Korean cultural activities in Vietnam, a local official has said.

A business networking event to promote connection of technology supply and demand between enterprises of Vietnam and the Republic of Korea (RoK) took place in the northern port city of Hai Phong on November 3.

Speaker of the National Assembly of the Republic of Korea (RoK) Park Byeong-seug and his wife on November 1 visited the northern province of Ninh Binh as part of their trip to Vietnam.

The Republic of Korea (RoK)’s Hyundai Motor said it is considering building a car plant in Southeast Asia with Indonesia and Vietnam being possible locations.

Executives from 20 companies based in the Republic of Korea’s Gyeongsangbuk-do Province met with nearly 90 Vietnamese counterparts in HCM City on December 1 to discuss business opportunities.

Vietnamese businesses have not yet made the most of opportunities from the Vietnam-Korea Free Trade Agreement (VKFTA) to increase exports to the Republic of Korea (RoK) market.

Firms from the Republic of Korea (RoK) have worked with authorities from the Mekong Delta province of Soc Trang to seek cooperation opportunities in construction and health care.