Many investors and enterprises of the Republic of Korea are very interested in doing business in Vietnam in general and in Hanoi in particular, hoping to capitalize on the advantages of the country and the city, said Chairman of the Federation of Korean Industries (FKI) Huh Chang-soo on September 12.
Chairman of the Federation of Korean Industries Huh Chang-soo (front, fourth, right), Deputy Chairman of the Hanoi People’s Committee Ngo Van Quy (front, fourth, left), other Hanoi officials and FKI representatives pose for a photo at their meeting on September 12 (Photo: VNA)
Hanoi (VNA) –Many investors and enterprises of the Republic of Korea are very interested in doingbusiness in Vietnam in general and in Hanoi in particular, hoping to capitalizeon the advantages of the country and the city, said Chairman of the Federationof Korean Industries (FKI) Huh Chang-soo on September 12.
During a reception given by DeputyChairman of the Hanoi People’s Committee Ngo Van Quy to a visiting FKIdelegation, Huh spoke highly of Vietnam’s highest socio-economic growth amongthe ASEAN countries, political stability, sufficient infrastructure,high-quality human resources, large consumption market and great potential forlong-term development.
The official also stressedthat information and communication technology, heavy industry and hightechnology are the fields RoK enterprises are interested in and hope to investin. RoK companies are fully able to help Vietnam in general and Hanoi inparticular catch up with the Fourth Industrial Revolution, he affirmed, addingRoK firms hope Hanoi authorities will help them accelerate and broaden the sizeof their investment in the city.
Deputy Chairman Quy briefedhis guests on the comprehensive conditions of Hanoi and spoke highly of thecooperation and investment from RoK companies to the city. Over the past recentyears, the city has recorded an average annual economic growth of 7.5 percent,its rate of trained workers stands at 62 percent.
The official highlightedthat attracting foreign investment is a prominent point of Hanoi and RoK is thethird largest foreign investor in the city. He expressed his hope to see moreRoK investors to come to Hanoi, especially in the fields of transportinfrastructure, public transport, environment treatment, health care, education,high-tech and environment-friendly agricultural production, and human resourcestraining to meet requirements of the Fourth Industrial Revolution.-VNA
Vietnam expects to continue growth of textile and garment exports to the Republic of Korea by the end of the year after strong results in the first seven months of 2018, according to the General Department of Customs.
The Vietnamese Government welcomes and creates favourable conditions for foreign businesses to make investments in Vietnam, including those from the Republic of Korea (RoK).
The Republic of Korea (RoK) government said it has shared fisheries management and inspection experience with Vietnam to help the country fight illegal fishing, reported Yonhap News Agency on September 11.
Prime Minister Nguyen Xuan Phuc on September 11 affirmed that the Vietnam – Republic of Korea relations and cooperation have been developing vigorously and effectively in every field since the state-visit to Vietnam by RoK President Moon Jae-in earlier this year.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
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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.
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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.
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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.
Chairman of the Federation of Korean Industries Huh Chang-soo (front, fourth, right), Deputy Chairman of the Hanoi People’s Committee Ngo Van Quy (front, fourth, left), other Hanoi officials and FKI representatives pose for a photo at their meeting on September 12 (Photo: VNA) 
