Deputy Prime Minister Tran Luu Quang (R) and RoK Ambassador Choi Youngsam (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Tran Luu Quang hosted a reception on September 21 for the new Ambassador of the Republic of Korea (RoK), Choi Youngsam, who has just begun his term in Vietnam. Noting that the RoK is one of the biggest foreign investors in Vietnam, Deputy PM Quang affirmed that the Vietnamese Government will continue with drastic efforts to improve the business and investment environment for foreign investors, including those from the RoK, to do business successfully in the country. He proposed that the two countries maintain regular visits and contact at all levels so as to continuously strengthen relations between their leaders, creating the foundation for promoting cooperation across all fields. The deputy PM also welcomed the establishment of a joint working group on climate change, saying that he believes the two sides, with resolve and efforts, will realise … [Read more...] about Deputy PM hosts new RoK Ambassador
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Number of international tourists to Vietnam bounces back
According to the Ministry of Culture , Sports and Tourism , since the beginning of this year, the sector has welcomed 8 million international arrivals, reaching the set target. The county expects to receive about 12 million foreign visitors this year. Meanwhile, many travel agencies reported good business results. Tour operator Vietravel revealed that in the first eight months of 2023, the company completed up to 80% of its plan on welcoming international tourists , including those from the EU and the Republic of Korea (RoK). Hanoitourist Corporation said it has received many orders from previous months for this year’s peak season. Vietnam has also experienced an upward trend in the number of foreign visitors, such as Cambodia with a rise of nearly 340 percent, India, over 230 percent, and Laos, nearly 120 percent. Several programs have been carried out to welcome international arrivals, and introduce new tourism products to attract new markets, such as Islamic … [Read more...] about Number of international tourists to Vietnam bounces back
SK Group to build biodegradable material factory in Vietnam
Leaders of Hai Phong city present the investment registration certificate to the RoLK's SK Group at a ceremony on September 22. (Photo: VNA) Seoul (VNA) - SKC Co. of the Republic of Korea (RoK) is planning to build a factory in Vietnam to produce materials for biodegradable plastics , as it pushes to expand the eco-friendly materials business. SKC, a chemical unit under the energy-to-telecom conglomerate SK Group, said on September 25 that the factory of Ecovance, a joint venture between SKC and two other RoK partners, will be established in Vietnam's northeastern city of Hai Phong to manufacture polybutylene adipate terephthalate (PBAT), a biodegradable co-polymer widely used as feedstock for general plastics. The facility is set to go operational in 2025 and produce 70,000 tonnes of PBAT a year. Officials of SKC and Ecovance visited Hai Phong on September 22 for a ceremony where Vietnamese authorities presented them with an investment registration … [Read more...] about SK Group to build biodegradable material factory in Vietnam
Vietnamese politics academy welcomes new RoK Ambassador
Politburo member and President of the Ho Chi Minh Academy of Politics Nguyen Xuan Thang hosted a reception in Hanoi on September 25 for Choi Youngsam, Ambassador of the Republic of Korea. (Photo: VNA) Hanoi (VNA) – Politburo member and President of the Ho Chi Minh Academy of Politics (HCMA) Nguyen Xuan Thang hosted a reception in Hanoi on September 25 for Choi Youngsam, Ambassador of the Republic of Korea (RoK), who has just begun his term in Vietnam. Choi Youngsam expressed his honour to be appointed ambassador to Vietnam at a time when Vietnam-RoK relationship is at its best ever. VNA … [Read more...] about Vietnamese politics academy welcomes new RoK Ambassador
Vietnam to play three friendlies abroad in October
Illustrative photo (Photo: VFF) Hanoi (VNA) - The Vietnamese national football team will play three friendly matches with China, Uzbekistan, and the Republic of Korea (RoK) in October as part of FIFA Days. Vietnam will meet China on October 10 and Uzbekistan on October 13 in China at the invitation of the Chinese Football Association (CFA). The team will then travel to the RoK and meet the Korean team in Suwon city on October 17. Vietnam are ranked 95th in the FIFA rankings while China 80th, and Uzbekistan 75th. Since 1997, the Chinese team have won seven out of eight matches against the Vietnamese team. Meanwhile, Vietnam won 3-1 against China in the match that took place at My Dinh Stadium on February 1, 2022, within the framework of the third qualifying round of FIFA World Cup 2022 Asia./. VNA … [Read more...] about Vietnam to play three friendlies abroad in October
Numerous foreign firms eye stronger investment in Vietnam
Vietnamese products are increasingly gaining popularity among consumers worldwide.- Illustrative image (Photo: sggp.org.vn) Hanoi (VNA) – Nearly 1,000 foreign enterprises from 28 countries and territories, including giants such as Boeing, Walmart, and Central Retail, have entered Vietnam to explore investment opportunities and seek partners since early September. Unlimited demand for goods According to Avaneesh Gupta, Senior Vice President of General Merchandise & Apparel Sourcing at Walmart – the world's number one retailer, Vietnam is among the top five countries for exports of wood and agricultural products, and ranks 10th globally for textiles and footwear exports. Notably, Vietnamese products are increasingly gaining popularity among consumers worldwide, Gupta said. As part of the 2024 supplemental sourcing strategy for the Walmart network, the firm has deployed procurement teams to Vietnam to explore sourcing opportunities in the country, with the product … [Read more...] about Numerous foreign firms eye stronger investment in Vietnam
Programme to bolster Vietnam – RoK ties
At the meeting on September 27 (Photo: VNA) Thai Binh (VNA) – A programme to promote cultural exchange and elevate the Vietnam – Republic of Korea ties to a new height will be held in the northern province of Thai Binh on December 1-2. The “ Thai Binh Homecoming Day ” programme, organised by the provincial People’s Committee, also aims to boost cooperation between businesses from both sides, while creating favourable conditions for the Korean investors to study the Vietnamese market, and expand collaboration with their Vietnamese partners across the fields of economy, culture and society. It will be held at Thai Binh Square, Hoang Dieu ward, Thai Binh city, with a series of events, including an opening ceremony, an international agricultural fair of the northern delta, an art exchange programme between universities, colleges and localities of the RoK and Thai Binh, a conference to promote trade, investment and tourism between Thai Binh and the East Asian … [Read more...] about Programme to bolster Vietnam – RoK ties
More investments from South Korea coming to Vietnam
On September 22, Lotte Group Chairman Shin Dong-bin came to Vietnam to attend the opening ceremony of Lotte Mall West Lake Hanoi. With an invetment of $643 million, this mall is currently the biggest project of Lotte that has become operational in Vietnam. Entering Vietnam in 1996, the group has opened shopping centres and supermarkets and then expanded operations to other fields such as hotels and cinemas. Lotte now has 19 member companies in Vietnam, Shin said as cited by Dau tu (Vietnam Investment Review). Lotte has reportedly channelled about $5 billion into Vietnam, and the figure is expected to keep rising. When he attended the launch of work on Lotte Eco Smart City Thu Thiem, worth $900 million, in September last year, Shin said this project marked the start of a series of more Lotte investments in the country in the time ahead. Also on September 22, SK Group, another giant from South Korea, was granted an investment registration certificate to pour more capital into … [Read more...] about More investments from South Korea coming to Vietnam
RoK leads in food security cooperation in ASEAN
RoK and ASEAN flags (Photo: aseanvietnam.vn) Seoul (VNA) – The Republic of Korea (RoK)’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) has announced that the country is taking the lead in food security cooperation in the Association of Southeast Asian Nations ( ASEAN ). MAFRA revealed that the country plans to supply 2,000 tonnes of rice for three ASEAN member states, including Philippines (750 tonnes), Myanmar (750 tonnes) and Laos (500 tonnes) through the ASEAN Plus Three Emergency Rice Reserve (APTERR) agreement. The joint rice reserve among ASEAN member states and the RoK , China and Japan aims to ensure food security and provide emergency support in a time of food shortage or natural disaster events. Each member country agrees to reserve an amount of rice in advance. It is a public reserve system that provides sales, lending, and donation in times of emergency. The RoK is doubling the amount of rice aid to strengthen food security in the ASEAN … [Read more...] about RoK leads in food security cooperation in ASEAN
ASEAN – RoK centre releases video to promote ASEAN tourism
Hanoi Opera House is given a highlight in the Vietnam video. (Photo: VNA) Seoul (VNA) – A series of videos released by the ASEAN – Korea Centre (AKC) on September 27 is expected to provide a deeper insight into the rich culture and unique architecture of Cambodia, Indonesia and Vietnam, as well as promote collaboration between the ASEAN bloc and the Republic of Korea (RoK). Themed “a journey to culture and architecture” the five-minute videos shed light on two cities in each nation. The respective countries' national tourism organizations recommended the architecture to be featured in the videos and architect-writer Oh Young-wook provided the commentary. The Vietnam video takes viewer to Hanoi, a city with 1,000 years of history, and Ninh Binh – dubbed as the “Ha Long Bay on land”. It spotlights a blend of European flair and traditional elements in such iconic structures as the Opera House, St.Joseph’s Cathedral, Phat Diem Cathedral and Bai Dinh Pagoda. For Cambodia, … [Read more...] about ASEAN – RoK centre releases video to promote ASEAN tourism