Korea’s Doosan interested in EVN’s Quang Trach 2 power project
Doosan, a South Korean heavy industry conglomerate, is looking to work with state utility Vietnam Electricity (EVN) on the latter’s Quang Trach 2 power plant in Quang Binh province, among other renewable energy projects.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ASEAN-Korea Centre appoints new secretary-general
The ASEAN-Korea Centre has appointed former Ambassador of South Korea to the Philippines Kim Jae-shin as its new Secretary-General, it announced on Tuesday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
LG Display posts $115 mln net income in Vietnam in 2023
LG Display Vietnam Haiphong Company, under LG Display - a subsidiary of South Korean chaebol LG, posted a net income of KRW159.1 billion ($114.9 million) in Vietnam in 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
Quang Tri's Department of Planning and Investment has agreed to let a South Korea-Vietnam joint venture study the feasibility of an LNG-fired thermal plant project in the central province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
CS Wind’s Vietnam unit to deliver wind turbines to South Korea project
CS Wind Vietnam, a unit of South Korea’s CS Wind Corporation, has held a ceremony for delivery of first wind turbines from its factory in Vietnam’s southern province of Ba Ria-Vung Tau to South Korea’s southwestern province of Jeonnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hyosung T&C invests $118 mln in Vietnam nylon business
Hyosung T&C, the spandex arm of South Korean chaebol Hyosung, will invest $118.2 million to acquire 100% ownership of Vietnam-based Hyosung DongNai Nylon Co., Ltd., a fiber producer.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean chaebol SK eyes LNG-fired power project in central Vietnam
SK Group, one of the largest South Korean chaebols, is looking to build an ecosystem around an LNG-fired power plant in Phu Yen province, south-central Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese photovoltaics firm Trina Solar signs $700 mln material supply deal for Vietnam factory
OCI Holdings, a South Korean chemical company, has signed a long-term supply contract worth KRW930 billion ($693.9 million) with China-based photovoltaics (PV) company Trina Solar for the latter’s factory in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
SK Ecoplant, BCG Energy to jointly develop 700 MW of renewable energy in Vietnam
SK ecoplant, part of South Korean chaebol SK Group, and BCG Energy, under Vietnamese conglomerate Bamboo Capital Group, will cooperate to produce 700 MW of renewable energy in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
S Korea can share high-speed railway technology with Vietnam: official
South Korea is willing to facilitate the trans-Vietnam high-speed railway project by sharing relevant expertise and experience, said Korea National Railway chairman Lee Seong-hae.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea’s CS Wind launches $80 mln wind tower plant in Vietnam
CS Wind Vietnam, a unit of South Korea’s CS Wind Corporation, on Wednesday inaugurated an $80 million offshore wind tower factory in Vietnam’s southern coastal province of Ba Ria-Vung Tau.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung Electro-Mechanics, Samsung SDI post Vietnam revenue of $2.4 bln in 2023
Samsung Electro-Mechanics (SEM) - the semiconductor and camera module arm of South Korea chaebol Samsung, and Samsung SDI - the battery arm of Samsung, earned combined revenue of $2.36 billion in Vietnam in 2023, according to their separate financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean financial group to purchase stake in Vietnamese broker Infina
The Vietnamese subsidiary of South Korea’s JB Financial Group, JB Securities Vietnam, will purchase a 3.9% stake in Vietnamese financial service provider Infina.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam hosts 3.04 mln foreign arrivals in Jan-Feb, S Korea biggest source
Vietnam welcomed 3.04 million foreign arrivals in the year to February 20, up 64.1% year-on-year, the General Statistics Office reported.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan, Korea, Thailand firms compete for $2.4 bln LNG power project
Companies from Japan, South Korea, Thailand, and Vietnam have filed bids to build the $2.4 billion Nghi Son LNG-fired power complex in the central province of Thanh Hoa.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung Vietnam targets 10% export revenue growth with AI-powered phones
Samsung Vietnam is targeting a 10% growth in export revenues this year, with its new product - artificial intelligence (AI)-powered phones - positively welcomed in the world, says CEO Choi Joo Ho.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean firm Dohwa seeks another extension to delayed energy project
South Korea’s Dohwa Resource Development Limited Company has asked the central province of Quang Binh to extend the operational deadline for its long-delayed energy pellet project again to the end of this year.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Biggest cinema operator in CGV Vietnam records $139 mln revenue in 2023
CGV Vietnam, under South Korean conglomerate CJ Group’s cinema arm CJ CGV, reported revenues of KRW184.9 billion ($138.9 million) in the Southeast Asian nation in 2023, up 23.3% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Over 300 employees of Korea-invested apparel firm strike work in central Vietnam province
Upset by late salary payment, 320 employees of South Korea-invested Sein Together Vinh Vina Company Limited, an apparel business in Nghe An province, struck work Friday morning.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea’s Doosan Electro-Materials eyes 20 mln yearly investment in northern Vietnam province
Doosan Electro-Materials Vietnam, under South Korean conglomerate Doosan, plans to make annual investments of at least $20 million in the northern province of Hai Duong until 2026.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanwha Aero Engines plans to raise investment in Vietnam by $60 mln
Hanwha Aero Engines Company Limited, under South Korean chaebol Hanwha, plans to raise its investment in a factory in Hanoi from $200 million to $260 million, said CEO Nam Hyung Wook.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
LG’s Vietnam plants report post-tax profits of $133.5 mln in Jan-Sep 2023
Two Vietnamese subsidiaries of South Korea’s LG Electronics have posted a combined post-tax profit of KRW179.31 billion ($133.5 million) in Jan-Sep 2023, down 27.6% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea’s Hyosung, Vietnam Electricity eye technological cooperation
South Korean industrial chaebol Hyosung and state utility Vietnam Electricity (EVN) plan to enhance their technological cooperation, company executives said at a Friday meeting.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean association eyes $50 mln labor safety training facility in northern Vietnam
The Korea Safety Education Association plans to build a labor safety training facility in the northern province of Ha Nam with a minimum investment of $50 million.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hyosung plans $400 mln aviation fuel investment in southern Vietnam
South Korean industrial chaebol Hyosung plans to invest $400 million in a hydro-treated vegetable oil (HVO) project for manufacturing aviation fuel in the southern coastal province of Ba Ria-Vung Tau.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea aviation firm KP Aero Space begins building $20 mln factory in Vietnam
South Korea’s KP Aero Industries, a supplier of components for Boeing and Airbus planes, conducted a ground-breaking ceremony for a $20 million factory in Vietnam’s central city of Danang on Tuesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam hosts 1.5 mln foreign arrivals in Jan, Korea, China biggest sources
Vietnam welcomed 1.51 million foreign arrivals from December 21, 2023 to January 20, 2024, up 73.6% year-on-year, the General Statistics Office (GSO) said Monday.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean chaebol SK eyes 1.32 GW LNG-fired power plant plan
A consortium between Vietnam’s T&T Group and SK E&S, the renewable energy arm under South Korean chaebol SK, plans to deploy a 1,320-MW LNG-fired power plant in the central province of Quang Tri.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean aviation parts supplier KP Aero Space to build $20 mln Vietnam plant next month
South Korea’s KP Aero Industries, a supplier of components for Boeing and Airbus planes, is set to begin building a $20 million factory in Vietnam’s central city of Danang in February.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean soju producer HiteJinro spends $8 mln on leasing land in northern Vietnam
South Korean drink, brewing and distillery firm HiteJinro, a leading producer of soju, has spent VND191.3 billion ($7.8 million) on leasing 8.2 hectares for a project in Vietnam’s northern province of Thai Binh.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Seoul Semiconductor plans second factory in northern Vietnam province
South Korea’s Seoul Semiconductor plans to build its second factory in the northern province of Ha Nam, founder and CEO Lee Chung-Hoon said Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea’s Lotte earns $75 mln in 4 months from Hanoi mega mall
South Korean conglomerate Lotte has earned revenues of KRW100 million ($74.8 million) from the Lotte Mall West Lake complex in Hanoi that opened in September last year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam GDP growth can reach 6% in 2024: ASEAN+3 macroeconomic research office
Vietnam’s GDP growth can reach 6% in 2024, according to the January edition of the ASEAN+3 Regional Economic Outlook.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chipmaker Amkor Technology targets mass production in Vietnam this year
The U.S.-headquartered Amkor Technology Inc. churned out the first products from its factory in Vietnam’s Bac Ninh province in December 2023 and expects to start mass production in 2024, said Kim Sung Hun, CEO of Amkor Technology Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean industrial chaebol Hyosung plans $2 bln investment in Vietnam this year
South Korean giant Hyosung, which has invested $3.5 billion in Vietnam, plans to invest another $2 billion this year, said vice chairman Cho Hyun-sang.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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