Vietnam and the Republic of Korea (RoK) have signed an action plan to complete the target of raising their bilateral trade to 100 billion USD by 2023. (Photo: VNA)
Hanoi (VNA) – Vietnam and the Republicof Korea (RoK) have signed an action plan to complete the target of raisingtheir bilateral trade to 100 billion USD by 2023.
The signing took place during the 10th meeting of the Vietnam-RoK Joint Committee on Energy, Industry and TradeCooperation on December 10-12.
Under the action plan, the two sides will work toattract more Korean firms to Vietnam, and facilitate Vietnamese enterprises’exports such as garments-textiles, footwear, timber and agro-fishery products,and processed food to the RoK.
Vietnamese Minister of Industry and Trade Tran TuanAnh and Korean Minister of Trade, Industry and Energy Sung Yunmo reachedconsensus on activities to promote technological transfer, improve personnelquality, and intensify investment and trade connectivity, particularly in automobile,mechanics, electronics and garment-textile.
They also agreed to boost Korean investments inliquefied natural gas (LNG) power projects and renewable energy as well ascooperation in scientific research in service of Vietnam’s energy development.
The two sides discussed solutions to expand andfacilitate the bilateral trade ties, push up with market opening for farmproduce, and handle technical issues that affect their import-export.
On this occasion, the ministers also co-chaired the4th Joint Committee on the Implementation of the Vietnam-RoK FreeTrade Agreement (VKFTA), during which they exchanged views on cooperation in customs,product origin, animal and plant quarantine, commercial technical barriers andtrade remedies, among others, thus helping iron out snags and create a legalcorridor for the implementation of the deal./.
A seminar discussing policies on the phone components industry was recently held by the Department of Trade Promotion (Vietrade) under the Ministry of Industry and Trade and the Korea Trade-Investment Promotion Agency (KOTRA).
Research results on sesame production, processing, and trading from experts in Vietnam and the Republic of Korea (RoK) were the topic of discussion at a workshop held in the north-central province of Nghe An on October 8 and 9.
Vietnam and the Republic of Korea (RoK) sought measures to strengthen bilateral ties in a wide range of fields during the 18th Vietnam-Korea Economic Committee Meeting held online on November 17.
Vietnam and the Republic of Korea (RoK) have mutually agreed to implement an expedited arrival procedure which will allow certain groups involved in short-term visits between the two sides to enter their respective nations without undergoing the mandatory 14-day quarantine.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
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.
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.
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.
Vietnam and the Republic of Korea (RoK) have signed an action plan to complete the target of raising their bilateral trade to 100 billion USD by 2023. (Photo: VNA) 
