A production line of the RoK's Samsung Electronics Vietnam in Yen Phong Industrial Park in Bac Ninh (Photo: VNA)
HCM City (VNA) –ꦅ A workshop was held in Ho Chi Minh City on August 18 to promote te𝓰chnology connectivity and transfer between Vietnam and the Republic of Korea (RoK).
It aims to connect technology supply and demand between the two sides so as to introduce advanced technology that RoK companies can transfer to or cooperate with their Vietnamese partners to develop.
At the event, RoK businesses said they are ready to transfer technology in mechanical manufacturing, electricity-electronics, automobile components, automation and energy saving, according to Tran Thi Hong Lan, Deputy Director of the Technology Application and Development Department under the Ministry of Science and Technology.
Hong Chang Woo, Executive Director of Innobiz – the RoK’s innovation business association, said both RoK and Vietnamese enterprises want to seek new markets and new technologies to develop. As the RoK side has strength in technique and technology, they can partner with Vietnamese firms to grow together.
Over the last couple of years, the technology application department and Innobiz have surveyed the technology-related demand of nearly 300 small- and medium-sized Vietnamese companies in such fields as agriculture, energy, environment and mechanical manufacturing.
They have connected nearly 400 Vietnamese enterprises with 96 RoK businesses that want to cooperate and transfer technology.-VNA
Samil CTS Vina Co., Ltd of the RoK, which specialises in producing computers and computer peripherals, inaugurated a plant and a research and development (R&D) centre in Bac Ninh on July 22.
Republic of Korea (RoK) retailer Lotte Mart has recently opened a shopping mall in Nha Trang city, the central coastal province of Khanh Hoa, its 13th in Vietnam.
The Republic of Korea (RoK) is currently the biggest investor in the southern province of Binh Phuoc with 81 businesses registering a total capital of about 500 million USD.
The State Bank of Vietnam has agreed in principle to allow Woori Bank, a subsidiary of the Woori Financial Group from the Republic of Korea (RoK), to establish its wholly-owned unit in the country.
The Prime Minister has approved a technical support project for an employment information network, which uses non-refundable aid from the Republic of Korea.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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.
A production line of the RoK's Samsung Electronics Vietnam in Yen Phong Industrial Park in Bac Ninh (Photo: VNA)
