Vietnam, RoK cooperate to streamline customs procedures
The protocol amending the Vietnam - Republic of Korea (RoK) agreement on cooperation and mutual assistance in customs officially came into force on September 10.
Containers of goods at the RoK's Hanjin Incheon Port (Photo: AFP/VNA)
Seoul (VNA) – The protocolamending the Vietnam - Republic of Korea (RoK) agreement on cooperation andmutual assistance in customs officially came into force on September 10.
The document, signed last December, will provide a legal basis for expanding customs clearance benefits suchas streamlining procedures for Korean firms to export goods to Vietnam,according the RoK’s Ministry of Foreign Affairs.
Vietnam and the RoK signed theagreement on cooperation and mutual assistance in customs in 1995. In 2018,they agreed to consider amending this deal to reflect the changing tradingenvironment and the upward trend in bilateral trade, and to boost support forexporters and importers.
Anofficial of the RoK’s Foreign Ministry said the implementation of this protocolis expected to further fuel the recovery of trade with Vietnam, a large trade partner of the RoK, and enhance the competitiveness of Korean exporters andimporters./.
Vietnamese Prime Minister Pham Minh Chinh and President of the Republic of Korea (RoK) Yoon Suk Yeol have affirmed their commitments to continue close coordination to develop the bilateral comprehensive strategic partnership in a more profound and comprehensive manner, contributing positively to peace, stability, and development in the region and the world.
Secretary of the Hanoi Party Committee Dinh Tien Dung has suggested the Vietnamese capital city and Gyeonggi province of the Republic of Korea (RoK) sign a memorandum of understanding (MoU) on cooperation in the time ahead.
Industrial parks developed by state-owned Viglacera Corp have attracted 12 billion USD in investment from more than 100 enterprises from the Republic of Korea (RoK).
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.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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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.
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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.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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.
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.
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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.
Containers of goods at the RoK's Hanjin Incheon Port (Photo: AFP/VNA) 
