Minister for Trade of the Republic of Korea (RoK)’s Ministry of Trade, Industry and Energy Yeo Han-koo has suggested Vietnam support the RoK in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Minister for Trade of the Republic of Korea (RoK)’s Ministry of Trade, Industry and Energy Yeo Han-koo (Photo: Reuters)
Seoul (VNA) – Minister for Trade of theRepublic of Korea (RoK)’s Ministry of Trade, Industry and Energy Yeo Han-koohas suggested Vietnam support the RoK in joining the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP).
During his online meeting with Vietnamese DeputyMinister of Industry and Trade Tran Quoc Khanh on March 23, Yeo said since late2021, the RoK has conducted internal discussions and prepared procedures tojoin the CPTPP.
He also highly valued the close economic ties betweenVietnam and the RoK, saying their trade link reached its peak last year.
Welcoming the RoK’s application for the CPTPPmembership, Khanh expressed his hope that Vietnam and the RoK will continuetheir cooperation in relevant areas.
The two sides also compared notes on the Indo-PacificEconomic Framework (IPEF) which the US is stepping up in an effort to enhance comprehensiveeconomic cooperation in the Indo-Pacific region.
They held that relations within the IPEF should baseon open, transparent and inclusive standards, and cooperation acceptable to many countries in the region.
Launched in December 2018, the CPTPP was signed by 11countries, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico,New Zealand, Peru, Singapore and Vietnam.
Its total trade volume hit 5.7 trillion USD as of2019, accounting for 15.2 percent of the total global trade value, according toa report by the Korea Institute for Industrial Economics and Trade./.
President Nguyen Xuan Phuc on March 10 cabled his congratulatory message to the Republic of Korea (RoK) on the occasion of People Power Party candidate Yoon Suk-yeol winning the country’s presidential election.
An online event to connect firms of Vietnam and the Republic of Korea (RoK) is taking place as part of activities to mark the 30th founding anniversary of the diplomatic ties between the two countries.
The Republic of Korea (RoK)’s President-elect Yoon Suk-yeol plans to discuss ways to deepen bilateral ties during his phone talk with Vietnamese President Nguyen Xuan Phuc scheduled on March 23, according to Yoon's spokesperson Kim Eun-hye.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Minister for Trade of the Republic of Korea (RoK)’s Ministry of Trade, Industry and Energy Yeo Han-koo (Photo: Reuters) 
