Korea’s Hyosung eyes ATM production, data center in Vietnam

Korea’s Hyosung eyes ATM production, data center in Vietnam

Multi-industry conglomerate Hyosung, the third largest South Korean investor in Vietnam after Samsung and LG, plans to manufacture automated teller machine (ATMs) and build a large data center in Ho Chi Minh City.

Industries - Sat, May 11, 2024 | 10:05 am

ASEAN+3 to create new financing facility against regional crises

ASEAN+3 to create new financing facility against regional crises

South Korea, China and Japan agreed last Friday to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.

Southeast Asia - Tue, May 7, 2024 | 11:05 am

Samsung Electro-Mechanics to build new factory in Vietnam

Samsung Electro-Mechanics to build new factory in Vietnam

Samsung Electro-Mechanics (SEM), the semiconductor and camera module arm of South Korea chaebol Samsung, is set to build a new factory in Vietnam.

Industries - Fri, May 3, 2024 | 10:19 am

Vietnam sees dramatic increase in fruit, vegetable exports to South Korea, Thailand

Vietnam sees dramatic increase in fruit, vegetable exports to South Korea, Thailand

Vietnam saw high export growth in fruits and vegetables to all major markets in Q1/2024, but the intake by South Korea and Thailand was sudden and dramatic, a report says.

Economy - Sun, April 21, 2024 | 8:15 am

ASEAN-Korea Centre appoints new secretary-general

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 - Wed, April 17, 2024 | 7:15 pm

CS Wind’s Vietnam unit to deliver wind turbines to South Korea project

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 - Sat, April 13, 2024 | 2:29 pm

Shinhan Bank Vietnam’s 2023 net profit up 22% to $181 mln

Shinhan Bank Vietnam’s 2023 net profit up 22% to $181 mln

Shinhan Bank Vietnam, wholly owned by South Korea’s Shinhan Bank, earned a net profit of VND4.52 trillion ($181.2 million) in 2023, up 22.1% year-on-year, with all major indicators showing improvements.

Banking - Sun, April 7, 2024 | 8:00 am

Vietnam’s Q1 foreign tourist arrivals beat pre-pandemic level

Vietnam’s Q1 foreign tourist arrivals beat pre-pandemic level

Vietnam welcomed over 4.6 million international tourists in the first quarter of this year, up 72% year-on-year and exceeding the same period of pre-pandemic 2019 by 3.2%, the General Statistics Office (GSO) reported.

Travel - Sat, March 30, 2024 | 10:41 am

Thailand, South Korea agree to launch trade talks

Thailand, South Korea agree to launch trade talks

South Korea's Ministry of Trade, Industry and Energy (MOTIE) on Wednesday announced that it has agreed with Thailand to kick off negotiations on a comprehensive economic partnership, as the North Asian country aims to expand its presence in the Southeast Asian region.

Southeast Asia - Fri, March 29, 2024 | 7:59 am

Billionaires to attend central Vietnam investment promotion conference

Billionaires to attend central Vietnam investment promotion conference

The central province of Binh Dinh says well known billionaires are among more than 1,000 delegates set to attend its investment promotion conference later this month.

Investing - Tue, March 26, 2024 | 5:57 pm

ASEAN, South Korea work to ensure products’ rules of origin

ASEAN, South Korea work to ensure products’ rules of origin

The Agency of Foreign Trade under the Ministry of Industry and Trade, and the ASEAN Secretariat on Monday opened a joint session of ASEAN and Korean experts on the transposition of ASEAN-Korea Free Trade Agreement (AKFTA) product specific rules from harmonised system codes HS 2017 into HS 2022.

Southeast Asia - Mon, March 25, 2024 | 5:58 pm

Vietnam should ride new renewable technology funding trend: RMIT experts

Vietnam should ride new renewable technology funding trend: RMIT experts

Financing for “dirty” coal-driven energy projects is drying up and traditional funders like China, South Korea and Japan are shifting their focus to funding renewable technologies, write Richard Ramsawak and professor Robert Baulch from The Business School at RMIT Vietnam.

Consulting - Fri, March 22, 2024 | 4:07 pm

S Korea can share high-speed railway technology with Vietnam: official

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 - Wed, March 20, 2024 | 3:06 pm

Many giants eye $2.54 bln LNG project in central Vietnam’s Ha Tinh province

Many giants eye $2.54 bln LNG project in central Vietnam’s Ha Tinh province

Vietnam’s Vingroup, T&T Group and Hoanh Son Group, and South Korea’s Samsung Electronics have come forward as potential investors in the Vung Ang III Ha Tinh LNG power project in the central province of Ha Tinh.

Energy - Sat, March 16, 2024 | 11:44 am