Long An seeks deeper investment cooperation with Korean partners
The Mekong Delta province of Long An aims to foster cooperation with investors from the Republic of Korea (RoK) to develop logistics infrastructure projects, including warehouses, ports, and support services, along with technology transfer, especially advanced technologies for industrial production and sustainable development.
Long An province and Busan city of the Republic of Korea sign a Memorandum of Understanding on investment cooperation (Photo: VNA)
Long An (VNA) – The Mekong Delta province of Long An aims to foster cooperation with investors from the Republic of Korea (RoK) to develop logistics infrastructure projects, including warehouses, ports, and support services, along with technology transfer, especially advanced technologies for industrial production and sustainable development.
Huynh Van Son, Vice Chairman of the provincial People’s Committee, made the statement on November 8 while hosting a delegation from the Busan Chamber of Commerce and Industry led by Chairman Yang Jea Sang, who came to explore its investment environment.
He expressed his hope that the two sides would collaborate in training high-quality human resources, organising experience-sharing programmes, and providing technical support for local officials and businesses.
At the meeting, the two sides signed a Memorandum of Understanding on investment cooperation in Long An, agreeing to work together to strengthen their partnership and further enhance bilateral economic relations through trade, investment, and technology transfer.
Previously, Long An had signed cooperation agreements and MoUs with various RoK localities, including Jeollabuk-do province, Chungcheongnam-do province, and Yangsan city in Gyeongsangnam-do province.
♛ The RoK currently ranks third among 41 countries and territories investing in Long An, with 216 projects worth over 1.1 billion USD in total. Its investments primarily focus on the textile industry, manufacturing of industrial products, agricultural product processing, real estate business, and factory leasing./.
During the 2021-2030 period, the locality has prioritised 14 key transport projects, including those with regional connectivity and linked with the six dynamic economic axes.
The Philippines’ Aboitiz Foods on September 26 inaugurated a 45 million USD animal feed plant at the Nhut Chanh Industrial Park, Ben Luc district, the Mekong Delta province of Long An.
Investment of the Republic of Korea (RoK) in Vietnam has gradually expanded from heavy industries to a wide range of high-tech industries, significantly contributing to the development of the manufacturing industry and high technology transfer between the two countries, according to the Korean Chamber of Commerce in Vietnam (KOCHAM).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
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.
