South Korea has been boosting its support for Vietnam to formulate its social housing policy currently being implemented effectively nationwide, bringing major benefits to local people. Kim Jin-oh, country director of KOICA in Vietnam (seventh from left) and participants at the workshop On February 21, the Korea International Cooperation Agency (KOICA) and the Ministry of Construction (MoC) jointly organised the Inception Workshop for the project entitled “Establishment of the 2021-2030 Comprehensive Social Housing Policy in Vietnam,” with the attendance of Deputy Minister of Construction Nguyen Van Sinh and country director of KOICA in Vietnam, Kim Jin-oh. The Vietnamese government has long been considering housing as a social issue and a priority mission in the national socio-economic development agenda. This includes developing social housing for marginalised groups such as low-income households in urban areas and labourers working … [Read more...] about South Korea lends housing support
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Vietnam, S. Korea to clash in first AFF-EAFF Champions Trophy
By Dang Khoa  January 15, 2019 | 09:25 am GMT+7 Vietnam (red) play S. Korea men's football team at Asian Games in August 2018. Photo by VnExpress/Duc Dong Vietnam and South Korea will play for the inaugural AFF-EAFF Champions Trophy in Hanoi in March as winners of their respective regional competitions. Vietnam won the ASEAN Football Federation (AFF) Suzuki Cup and South Korea are the reigning champions of the East Asian Football Federation (EAFF) E-1 Football Championship. The AFF and EAFF entered into an agreement last December to have their respective champions compete for the biennial Champions Trophy. The Korea Football Association was quoted by the Korea Times as saying Vietnam’s coach Park Hang-seo wanted to move the clash to June due to a schedule conflict, but his Korea counterpart Paulo Bento already has plans for an international match for his team at that time. The KFA have said the match would go ahead on March 26 as scheduled. Both teams are … [Read more...] about Vietnam, S. Korea to clash in first AFF-EAFF Champions Trophy
South Korea to fine BMW US$10m over engine fires response
South Korea said Monday (Dec 24) it will fine German automaker BMW 11.2 billion won (US$10 million) for allegedly dragging its feet in recalling cars with faulty engines linked to dozens of engine fires. BMW vehicles bursting into flames made headlings in South Korea earlier this year, prompting a massive recall AFP/Nicolas ASFOURI BMW vehicles bursting into flames made headlines in South Korea earlier this year, with local media reporting more than 40 cases in 2018 and some parking lots refusing to accept BMW cars over fears they could catch fire. The auto giant recalled more than 170,000 vehicles in South Korea with a faulty exhaust gas recirculation (EGR) cooler, which the firm blamed for the fires. In August, it announced a recall for Europe and some Asian countries - including South Korea - of 480,000 cars affected by the same problem, before expanding it to more than one million additional diesel cars two months later. "BMW announced earlier that it had become aware of … [Read more...] about South Korea to fine BMW US$10m over engine fires response
Vietnam becomes South Korea’s fourth largest trading partner in Jan-Nov
The Hanoitimes - South Korea is Vietnam’s second largest foreign investor with total registered capital of US$6.8 billion in the first 11 months this year, up 22.3% year-on-year. South Korea’s MBI Group heats up competition in Vietnam electric scooter market South Korean capital pursues to flow in Vietnam’s market South Korean firms show CSR toward Vietnam Bilateral trade between Vietnam and South Korea reached US$62.6 billion in the first 11 months of 2018, making Vietnam the fourth largest trading partner of the Northeast Asian country, behind China, the US and Japan, the government portal reported. Illustrative photo. South Korea’s Ministry of Trade, Industry and Energy on December 19 announced that the country’s import turnover from Vietnam in the January - November climbed 22% year-on-year to US$18.1 billion, mainly thanks to strong demand of electronic components from South Korea’s manufacturers in Vietnam. … [Read more...] about Vietnam becomes South Korea’s fourth largest trading partner in Jan-Nov
North, South Korea agree to reconnect roads, rail amid U.S. concern over easing sanctions
North, South Korea agree to reconnect roads, rail amid U.S. concern over easing sanctionsThe Saigon Times Daily Head of the North Korean delegation, Ri Son Gwon shakes hands with South Korean counterpart Cho Myoung-gyon as they exchange documents after their meeting at the truce village of Panmunjom in the demilitarised zone separating the two Koreas, South Korea, January 9, 2018 – PHOTO: REUTERS SEOUL (REUTERS) - North and South Korea agreed on Monday to begin reconnecting rail and road links, another step in an improving relationship that has raised U.S. concern about the possible undermining of its bid to press the North to give up its nuclear program. The agreement on transport links came during talks in the border village of Panmunjom aimed at following up on the third summit this year between South Korea's President Moon Jae-in and North Korean leader Kim Jong Un, last month. "The South and North reached the agreement after sincerely discussing action plans to … [Read more...] about North, South Korea agree to reconnect roads, rail amid U.S. concern over easing sanctions