The Vietnam – Republic of Korea (RoK) business summit took place in the central province of Quang Nam on November 9, discussing policies and orientations for bilateral cooperation in startups, innovation, and technology development.
Deputy Prime Minister Trinh Dinh Dung speaks at the event (Photo: VNA)
Quang Nam (VNA) – The Vietnam – Republic ofKorea (RoK) business summit took place in the central province of Quang Nam on November 9, discussing policies andorientations for bilateral cooperation in startups, innovation, and technologydevelopment.
Speaking at the event, Deputy Prime Minister Trinh Dinh Dungstated it is an opportunity for the two nations to exchange visions and chancesfor collaboration in the new period to deepen their strategic partnership.
Vietnam – RoK economic ties have grown robustly, recording atotal of 8.190 investment projects worth 65.7 billion USD.
In 2018, the RoK was the third largest trade partner ofVietnam, just after China and the EU. Vietnam exported 18.2 billion USD towhile importing 47.5 billion USD worth of products from the RoK.
Vietnam has launched the ‘Made in Vietnam 4.0’ programme,Dung said calling for RoK firms to come to and make fourth-industrial-revolution-relatedproducts in the country.
Vietnam wants to strengthen extensive, comprehensive andeffective with the RoK based on mutual sharing and support to connect theirstrengths and potential, the official affirmed, adding that Vietnam encourageinvestment cooperation in manufacturing, IT, energy, processing and supportindustries, high-tech agriculture, infrastructure, and smart city development,among others.
He recommended Vietnamese and RoK business communitiesexchange new ideas and creative solutions to assist their joint startup andcollaboration projects.
The Vietnamese Government always creates best conditionspossible for RoK investors to operate in Vietnam, particularly in the centralregion, Dung said.
President of Vietnam Chamber of Commerce and Industry VuTien Loc said Vietnam, with stable political environment and good economicgrowth rate between 6.5 to 7 percent in years, is an attractive destination forforeign investors, including those from the RoK.
He noted with an aim of raising trade between the two countriesto 100 billion USD in 2020, Vietnam wants the RoK to facilitate itsagro-forestry-fishery products, apparel, and woodwork and rubber products inaccessing the local market.
Vietnam is willing to take in major goods from the RoK, headded./.
The People’s Committee of northern Hung Yen province and the Republic of Korea (RoK)’s Korea Land and Housing Corporation (LH) on September 20 inked a memorandum of understanding on cooperation on smart city development in Hung Yen province.
The Vietnam-Korea Businessmen and Investment Association (VKBIA) has joined the organiser of the ongoing International Agriculture Exhibition (IAE) 2019 in Seoul, the Republic of Korea, to run several activities at event.
The 9th session of the Vietnam-RoK Joint Committee on cooperation in energy, industry and trade took place in Seoul on October 22, aiming to concretize potential between the two countries.
Measures to boost cooperative ties between Vietnam and the RoK in various fields, including trade and investment, were discussed at the a session held in Hanoi on October 23.
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.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
