Seoul (VNA) – Korea JoongAngDaily of the Republic of Korea (RoK) has recently run an article highlightingVietnam’s economic potential.
According to the article, the Vietnamese economy shows potentialto grow even faster than the RoK’s thanks to its fortunate timing. With China’seconomy saturated, many foreign companies, including Korean businesses, areshrinking their dependency on China, creating opportunities for Vietnam.
Korean companies andthose from other countries are rushing to build factories to replace those inChina, where labour costs are no longer cheap, it said.
While Samsung Electronics has been making adjustments to its investments inChina, it has also been expanding investment in Vietnam.
The changing global value chain due to the ongoing US-China tradewar is also speeding up investment into Vietnam. As US companies have beenrelocating their plants from China, recruitment in Vietnam has been step up tomeet the growing number of orders, the article said.
Korean firms’ expanded operations in Vietnam has also helped toimprove social and cultural ties between the two countries, the article said,highlighting the increasing number of marriages between Vietnamese and Koreans.
The article said Vietnam could increase its role as the hub ofKorean production that can also help Vietnam in developing its owntechnologies.
Major Korean groups such as Samsung, LG, Hyosung and Kumho, areinvesting in big production facilities in Vietnam. Hanwha Group made an equityinvestment of 400 million USD in Vingroup, and SK Group invested 470 millionUSD in Masan Group in their bets to take advantage of Vietnam’s growth thatstands at 6-7 percent annually.
Vietnam is now one of the RoK’s main investment destinations asthe flow of Korean capital into the Southeast Asian country reached 50 billionUSD as of 2017.
Meanwhile, the RoK has been Vietnam’s second biggest provider of officialdevelopment assistance (ODA), only after Japan, according to the article./.
Finance Minister Vuong Dinh Hue and Governor of the Republic of Korea (RoK) Financial Supervisory Service (FSS) Kwon Hyouk-Se met in Hanoi on Dec. 16, to share experience in economic management and financial supervision.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Illustrative image (Source: VNA) 
