The Consulate General of the Republic of Korea (RoK) in Ho Chi Minh City and the municipal Department of External Affairs on October 31 launched a Vietnam-RoK business week targeting sustainable development.
HCM City (VNA) – The Consulate General of the Republic of Korea (RoK) in Ho Chi Minh City and the municipal Department of External Affairs on October 31 launched a Vietnam-RoK business week targeting sustainable development.
In his remarks, Vice Chairman of the municipal People’s Committee Vo Van Hoan noted that the 2,000-strong Korean business community is one of the largest in Vietnam, and is continuously growing.
The week offers an opportunity for the Vietnamese and RoK business communities to introduce their technologies and products, exchange information, and establish new partnerships.
Executive Vice President for Economic Cooperation & Trade Affairs at the Korea Trade-Investment Promotion Agency (KOTRA) Kim Tae-ho stressed that Vietnam and the RoK have become indispensable partners during their development process.
Vietnam is the RoK’s third biggest trade partner, only after China and the US, while the RoK is the Southeast Asian country’s largest investor with more than 9,000 projects in different fields.
The programme will focus on B2B trade promotions in areas spheres as environmentally friendly technologies, smart farms and smart medicine, along with workshops and field trips to industrial parks near HCM City, he said.
According to Sungil Kwak, Director of the Economic and Security Strategy Department at the Korea Institute for International Economic Policy, Korean firms will continue to look for optimal solutions to cope with new challenges like green growth and smart technologies.
He suggested the two sides step up institutional cooperation, better utilise free trade agreements, increase transparency in intellectual property rights, work to cr𝄹eate a fair investment environment, cooperate to form regional value chains, and enhance collaboration in new industries such as digital economy and energy./.
A concert to celebrate the 30th anniversary of the diplomatic ties between Vietnam and the Republic of Korea (RoK) will be held at the Vietnam National Academy of Music on October 23.
The Vietnam-RoK Korea Cultural Festival will be held on October 28-30 in Ho Chi Minh City, offering a wide series of cultural activities introduced by artists from the both countries.
Since the Republic of Korea (RoK) started to invest in Vietnam in the 1990s, especially since the two countries set up their bilateral diplomatic relations in 2009, the country has become an important investor of Vietnam with capital rising year after year.
The trade turnover between Vietnam and the Republic of Korea (RoK) reached 66.8 billion USD in the first nine months of this year, up 18.2% year-on-year, and the set target of 100 billion USD will be fulfilled by 2023 if the pace is maintained, heard a meeting in Hanoi on October 28.
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.
At the event (Photo: VNA) 
