The Republic of Korea (RoK) will provide 1.5 billion USD in official development assistance (ODA) for Vietnam for 2016-2020 via the Korea Economic Development Cooperation Fund (EDCF).
Hanoi (VNA) – The Republic of Korea (RoK) will provide 1.5 billion USD inofficial development assistance (ODA) for Vietnam for 2016-2020 via the KoreaEconomic Development Cooperation Fund (EDCF).
A frameworkagreement to this effect between the two governments was signed by Minister ofPlanning and Investment Nguyen Chi Dung and RoK Ambassador to Vietnam Lee Hyukin Hanoi on November 8.
With tenarticles, the agreement specifies lending conditions, disbursement, and Vietnam’sincentives for projects using the RoK-funded ODA. The sum will be reserved forprojects chosen by the two governments.
Speaking atthe signing ceremony, Minister Dung said the RoK’s ODA has been used in importantand priority fields in Vietnam over the past more than two decades.
He alsolauded the RoK government for considering Vietnam a top priority partner in ODAsupply.
AmbassadorLee vowed to work closely with Vietnamese agencies to realise the agreementwhich creates a legal framework for the process.
Since 1993,the RoK has offered 2.7 billion USD in ODA to Vietnam to carry out nearly 60projects, mostly in transport infrastructure, urban development, health care, andwater supply and drainage.-VNA
Deputy Prime Minister Truong Hoa Binh has called on Vietnam and the Republic of Korea (RoK) to increase the exchange of high-ranking visits and meetings in order to enhance political trust, expand cooperation and deepen their bilateral ties.
The Vietnam Union of Friendship Organisations (VUFO) always wants the best environment for the community of Republic of Korea citizens in Vietnam, said VUFO General Secretary Don Tuan Phong.
A quarter of a century of diplomatic relations between Vietnam and the RoK has yielded substantial progress, especially in investment and trade, said Bui Huy Son, head of Vietrade.
A high-level seminar on the reform of public sector, theme of the second-year research between Vietnam and the Republic of Korea (KOICA), took place in Hanoi on October 20.
More than 100 scientists, policy makers, researchers, lecturers and press experts from Vietnam and the Republic of Korea (RoK) were brought together at a workshop in Hanoi on November 1 to share experience in communicating public policy to promote social consensus in specific arenas such as healthcare and nuclear energy.
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.
At the event (Source: VNA) 
