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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam to facilitate more investments from S Korea: minister

Vietnam to facilitate more investments from S Korea: minister

Vietnam welcomes South Korean enterprises and investors to make fresh investments and expand operations, Minister of Finance Ho Duc Phoc said at a conference in Seoul Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

ASEAN becomes RoK’s major export, production destination

ASEAN becomes RoK’s major export, production destination

As trade competition between China and the US continues to intensify, the Association of Southeast Asian Nations (ASEAN) is rapidly emerging as South Korea's global manufacturing base and an important export market.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korean venture plans $14 mln logistics center in southern Vietnam

Korean venture plans $14 mln logistics center in southern Vietnam

South Korea’s Ministry of Oceans and Fisheries has established a public-private joint venture in order to open a logistics center in the southern province of Dong Nai.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korean group to hold 65% stake in leading Vietnamese pharma firm Imexpharm

Korean group to hold 65% stake in leading Vietnamese pharma firm Imexpharm

Vietnam’s leading pharma firm Imexpharm has approved the transfer of shares from its existing shareholders to South Korea’s SK Vina III without a public offering.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam ripe for Japanese investors: expert

Vietnam ripe for Japanese investors: expert

Vietnam holds high potential for Japanese investors despite the various challenges they may face, said Masataka Yoshida, head of the cross-border division at consultancy RECOF Corporation and CEO of RECOF Vietnam.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Disbursed Jan-Nov FDI in Vietnam hit $20.25 bln, a record high in 5 years

Disbursed Jan-Nov FDI in Vietnam hit $20.25 bln, a record high in 5 years

Registered foreign direct investment in Vietnam reached $28.85 billion in the year through November 20, up 14.8% year-on-year, while disbursed capital hit $20.25 billion, up 2.9% and a record high in five years.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central region sees emerging FDI wave from South Korea

Vietnam central region sees emerging FDI wave from South Korea

An increasing number of South Korean companies are interested in investing in Vietnam’s central region given Vietnam’s move to balance regional development and local government activism, said Kang Boo Sung, consul general of the Northeast Asian country in Danang.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Rare earths, semiconductors can contribute 5-10% to Vietnam’s GDP: association chair

Rare earths, semiconductors can contribute 5-10% to Vietnam’s GDP: association chair

Rare earths and semiconductors may contribute 5-10% to Vietnam’s GDP once the country can tap its critical mineral reserves and develop the industry, said Prof. Nguyen Mai, chairman of the Vietnam Association of Foreign Invested Enterprises (VAFIE).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

S Korea’s biggest low-cost carrier Jeju Air opens new route to Da Lat

S Korea’s biggest low-cost carrier Jeju Air opens new route to Da Lat

South Korea’s largest low-cost airline Jeju Air will launch a new direct route from Incheon to Vietnam's Central Highlands resort town of Da Lat from December 20.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Registered Jan-Oct FDI in Vietnam rises 14.7% to $25.8 bln

Registered Jan-Oct FDI in Vietnam rises 14.7% to $25.8 bln

Registered foreign direct investment in Vietnam hit $25.76 billion in the year to October 20, up 14.7% year-on-year, according to the Ministry of Planning and Investment.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea Startup Center in Hanoi a milestone in Vietnam-Korea sci-tech cooperation

Korea Startup Center in Hanoi a milestone in Vietnam-Korea sci-tech cooperation

The opening of the Korea Startup Center (KSC) in Hanoi marks a significant stride in science-technology and innovation cooperation between South Korea and Vietnam, Deputy Minister of Science and Technology Tran Hong Thai has stated.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam semiconductor magnet attracts billions in foreign investments

Vietnam semiconductor magnet attracts billions in foreign investments

Vietnam has been attracting foreign investments worth billions of dollars into the semiconductor sector, with South Korea’s Hana Micron the latest investor.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Ninh an investment haven, official tells South Korean firms

Quang Ninh an investment haven, official tells South Korean firms

Quang Ninh has a modern transportation system, an open investment environment and guaranteed social security, a senior provincial official told a visiting South Korean business delegation last weekend.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hanoi to okay Lotte Mall West Lake operation extension until 2060

Hanoi to okay Lotte Mall West Lake operation extension until 2060

Hanoi is set to approve an extension for the Lotte Mall West Lake complex's operation from 2046 to 2060.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong city okays projects of $1 bln from Asian firms

Hai Phong city okays projects of $1 bln from Asian firms

Vietnam’s northern city of Hai Phong granted investment certificates to 11 foreign and domestic direct investment (FDI) projects with total registered capital of $961 million and two social housing projects worth $400 million on Friday, or $1.36 billion in total.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

First semiconductor plant in northern Vietnam inaugurated

First semiconductor plant in northern Vietnam inaugurated

South Korea’s Hana Micron Vina Co., Ltd on Saturday inaugurated a semiconductor plant in Bac Giang province, the first of its kind in northern Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam approves US Murphy Oil to run development plan at Lac Da Vang field

Vietnam approves US Murphy Oil to run development plan at Lac Da Vang field

Murphy Oil Corporation, headquartered in Texas, the U.S., has received approval from the Vietnamese government to advance a field development plan at the Lac Da Vang oilfield in the southern region.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

South Korean firms eye $5 mln auto spare parts project in central Vietnam

South Korean firms eye $5 mln auto spare parts project in central Vietnam

Han Hwang Ind. Co., Ltd. and Shin Shin Machinery Co., Ltd. of South Korea plan to invest $5.1 million in a project to manufacture spare and auxiliary parts for cars and other motor vehicles in the south-central province of Binh Dinh.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

K-sure’s $110 mln funding to boost Vietnam wind tower manufacturing

K-sure’s $110 mln funding to boost Vietnam wind tower manufacturing

The Korea Trade Insurance Corporation (K-Sure), which promotes trade and overseas investment of South Korean companies, will provide financial support of $110 million to expand a wind tower plant near Ho Chi Minh City.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam new source for rare earths magnet companies

Vietnam new source for rare earths magnet companies

South Korea's Star Group Industrial (SGI) and China's Baotou INST Magnetic are set to open factories in Vietnam to explore rare earth deposits, according to Reuters.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese, S Korean firms ink plastic waste recycling pact

Vietnamese, S Korean firms ink plastic waste recycling pact

Vietnamese environmental and water supply company Biwase has signed a memorandum of understanding with South Korean firm City Oil Field to cooperate in recycling plastic waste.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Wood pellet exports down but Japan buys more

Wood pellet exports down but Japan buys more

Japan imported more than 1.16 million tons of pellets from Vietnam for more than $195 million in the first six months, up 5.7% in volume and 28.9% in value year-on-year, respectively.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Da Lat town wins $3 mln South Korean grant for smart agriculture project

Da Lat town wins $3 mln South Korean grant for smart agriculture project

A smart agriculture project in the Central Highlands town of Da Lat has won a $3 million South Korean grant that will fund construction and market development activities.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Competition heats up as foreign retailers remain keen on Vietnam market

Competition heats up as foreign retailers remain keen on Vietnam market

The slowdown in economic growth and presence of domestic competitors have not dimmed Vietnam’s retail potential in the eyes of foreign players seeking a foothold in the market.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam welcomes 1.04 mln foreigners in July, a record high since post-pandemic tourism reopening

Vietnam welcomes 1.04 mln foreigners in July, a record high since post-pandemic tourism reopening

Vietnam welcomed nearly 1.04 million international arrivals in July, the highest monthly figure recorded since the country reopened from the Covid-19 pandemic in March 2022.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retail giant Lotte opens $250 mln mega mall in Hanoi

Retail giant Lotte opens $250 mln mega mall in Hanoi

South Korea's Lotte Shopping opened a $250 million mega commercial complex in Hanoi Friday as part of Lotte Group’s continuous investment expansion in Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hyundai Vietnam shipbuilder gets $140 mln order for two petrochemical carriers

Hyundai Vietnam shipbuilder gets $140 mln order for two petrochemical carriers

The Hyundai Vietnam Shipbuilding Company will build two petrochemical carriers for its parent company HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) for delivery by June 2026.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors make major inroads into Vietnam private equity scene

Investors make major inroads into Vietnam private equity scene

The Vietnamese market has been proving attractive to international private equity (PE) companies, reflected by the investment portfolio expansion of giants like KKR, Warburg Pincus and SK Group.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nebraska Governor leads delegation on first trade mission to Vietnam

Nebraska Governor leads delegation on first trade mission to Vietnam

Nebraska Governor Jim Pillen will lead a delegation to Vietnam in a week-long visit starting Sunday, to grow trade opportunities that will benefit the U.S. state, his office announced Saturday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

S Korean retailers double down in Vietnam

S Korean retailers double down in Vietnam

South Korean retailers are persisting with expansion efforts in the Vietnamese market even as Malaysian giant Parkson Retail Asia’s subsidiary files for voluntary bankruptcy.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7