Vietnam, RoK businesses boost cooperation in tourism, economic recovery
The Vietnam-Korea Business and Investment Association (VKBIA) and Yongpyung Resort Group signed a Memorandum of Understanding (MoU) in Gangwon, the Republic of Korea on January 20 to boost cooperation between the Vietnamese and Korean businesses in tourism promotion and economic recovery post pandemic.
The Vietnam-Korea Business and Investment Association (VKBIA) and Yongpyung Resort Group sign a Memorandum of Understanding (MoU) in Gangwon, the Republic of Korea on January 20. (Photo: VNA)
Seoul (VNA) – The Vietnam-Korea Business andInvestment Association (VKBIA) and Yongpyung Resort Group signed a Memorandumof Understanding (MoU) in Gangwon, the Republic of Korea on January 20 to boostcooperation between the Vietnamese and Korean businesses in tourism promotion and economic recovery post pandemic.
Under the deal, VKBIA and Yongpyung Resort will co-organise variousculture and trade promotion events between Vietnam and the RoK, expandopportunities for cooperation and investment from each other’s members andpartners, establish social support programmes, and foster tourism, culturalexchanges and market connection between the two countries, and in Southeast andNortheast Asia at large.
The VKBIA and its local chapters have been very active acrossboth Vietnam and the RoK. The association aims to provide the best environmentfor connecting and exchanging information among the two countries’ enterprises,business leaders, experts and intellectuals; and enhance partnership with otherassociations and organisations in both sides and third countries, remarked VKBIA Chairman Dr. Tran Hai Linh at the signing ceremony.
Vietnam and the RoK are celebrating the 30th anniversary of their diplomatic ties this year (December 22, 1992 – 2022). The RoKis currently Vietnam’s largest FDI source and ranks second in the ODA funding andtrade with the latter./.
The first regular flight between the Republic of Korea (RoK) and Vietnam, which was operated by national flag carrier after two years of hiatus due to the COVID-19 pandemic, landed safely at Noi Bai International Airport in Hanoi at 12:43pm on January 6.
Vietnam and the Republic of Korea (RoK) have seen extensive cultural exchange, and the combination of the RoK’s development and technology and Vietnam’s values will definitely create great influence, not only in Asia, said RoK Minister of Culture, Sports and Tourism Hwang Hee.
The Republic of Korea's Embassy in Vietnam has introduced a design as the logo marking the 30th founding anniversary of the Vietnam-Republic of Korea diplomatic relations.
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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.
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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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
The Vietnam-Korea Business and Investment Association (VKBIA) and Yongpyung Resort Group sign a Memorandum of Understanding (MoU) in Gangwon, the Republic of Korea on January 20. (Photo: VNA)
