Binh Duong pledges to remove difficulties for Korean firms
The southern province of Binh Duong will actively work to promptly remove bottlenecks for businesses from the Republic of Korea (RoK), Chairman of the provincial People’s Committee Tran Thanh Liem affirmed at a dialogue with Korean firms on July 30.
Binh Duong (VNA) – The southern province of Binh Duong will actively work to promptlyremove bottlenecks for businesses from the Republic of Korea (RoK), Chairman ofthe provincial People’s Committee Tran Thanh Liem affirmed at a dialogue withKorean firms on July 30.
Local authorities cleared up a number ofconcerns raised by Korean enterprises regarding transport infrastructure,electricity supply, and provision of high quality human resources.
Among over 3,650 foreign businesses investing inBinh Duong, Korean firms are ranked fifth with 734 projects worth 3.13 billionUSD, mainly in the fields of garment-textiles, footwear, manufacturingauxiliary products for the automobile industry, health care, pharmacy, and foodprocessing.
In the first six months of this year, Koreanbusinesses registered investment of over 89.1 million USD.
Director of the provincial Department ofPlanning and Investment Nguyen Thanh Truc said in the January-June period, BinhDuong attracted over 1.45 billion USD in foreign direct investment (FDI) from32 countries and territories, a year-on-year rise of 70 percent, surpassing theyearly target of 3.5 percent.
To date, the province has lured more than 3,650FDI projects worth over 33.8 billion USD from 64 countries and territories,ranking third nationwide in foreign investment attraction, he added.
To reap these outcomes, Binh Duong has focusedinvestment on transport development and created favourable connection betweenurban centres, residential areas and industrial parks with the southernmetropolis of Ho Chi Minh City, the Mekong Delta, the south-eastern region, andthe south Central Highlands, he said.-VNA
Korean investors are keen to invest in renewable energy due to its potential and the incentives that Vietnam has offered to foreign investors, an HSBC official has said.
Many leading groups and corporations of the Republic of Korea, which operate in banking, finance, electricity, retail sales, and technology, have expressed their interest in cooperation with Vietnamese partners, including FPT Corporation, in the fields of new technologies digital transformation.
Vietnam is an important trade partner and a strategic destination of businesses from the Republic of Korea (RoK), experts said at a workshop held in Ho Chi Minh City on July 16.
The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to invest more in Vietnam, especially in the manufacturing of electronic equipment and developing smart grid networks.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
At the dialogue (Photo: VNA) 
