RoK desires to develop business clusters in Vietnam
Enterprises from the Republic of Korea (RoK) are seeking locations in Vietnam to establish clusters of businesses operating in the same sector or related areas, General Manager of VNNH Co., Ltd Noh Kyeong Yong has said.
Enterprises from the Republic of Korea (RoK) are seeking locations inVietnam to establish clusters of businesses operating in the same sectoror related areas, General Manager of VNNH Co., Ltd Noh Kyeong Yong hassaid.
Noh Kyeong Yong, who headed a RoK business delegation tovisit the northern province of Ha Nam , made the statement in ameeting with provincial leaders on December 11.
The clusterestablishment aims to create a favourable environment for RoKenterprises to cooperate with each other, promote their strengths andincrease their competitiveness, he underscored, adding that a cluster ofaround 100 enterprises needs about 150-300 hectares of land.
MaiTien Dung, Secretary of the provincial Party Committee and Chairman ofthe provincial People’s Council, affirmed that Ha Nam always welcomesforeign investors, including those from the RoK and has applied a numberof policies to attract them.
The province supports the RoK’scluster investment, he said, adding that it has cleared a site of 100hain the Dong Van III Industrial Park in Duy Tien district for a RoKcluster and can expand the area by 300-400ha. As many as 55 RoK enterprises are successfully operating in the locality.-VNA
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.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.