Hai Phong city works to lure more Korean investment
Representatives from Hai Phong briefed Korean investors on the northern port city's potential, advantages, investment opportunities and incentives at a trade promotion conference in Seoul, the Republic of Korea (RoK), on June 12.
Secretary of the Hai Phong Party Committee Le Tien Chau speaks at the conference. (Photo: VNA)
Seoul (VNA) – Representatives from Hai Phong briefed Korean investors on the northern port city's potential, advantages, investment opportunities and incentives at a tradepromotion conference in Seoul, the Republic of Korea (RoK), on June 12.
The event was jointly held by the Hai Phong People’sCommittee and the Korea International Trade Association (KITA), with theparticipation of nearly 200 delegates who are representatives from Koreanagencies, organisations, businesses and investors.
In his remarks, Secretary of the Hai Phong PartyCommittee Le Tien Chau affirmed that the city is working to enhance its comprehensivecooperation with Korean partners, and calling for Korean investment in suchareas as smart city and e-administration building, renewable energy, semiconductorcomponent manufacturing, urban and infrastructure development, and construction of hospitals and schools.
Present at the conference, Vietnamese Ambassador tothe RoK Nguyen Vu Tung stressed that Vietnam and the RoK are leading,reciprocal partners of each other in economy, trade, investment, labour and tourism.
He cited statistics as saying that the RoK has poured81.5 billion USD into the Southeast Asian nation so far, of which nearly 10billion USD has been injected into Hai Phong, mainly in electronics, auto partsand machinery.
Delegates at the conference. (Photo: VNA)
Vietnam’s total export value to the RoK through ports in Hai Phong reached 12.3 billion USD last year, while the import revenuestood at 7.8 billion USD, the official continued.
The RoK now ranks first among 42 countries andterritories investing in Hai Phong in terms of both quantity and quality ofinvestment projects, he said, adding that the city is home to 14 operationalindustrial parks and the number is expected to increase by 13 by 2025.
Hai Phong will work harder to improve its investmentenvironment, focus on infrastructure development, particularly in transport, andspeed up the formation of new industrial parks, he pledged.
On this occasion, Hai Phong handed over investmentlicences to new Korean projects and projects permitted to adjust their existing capital with a combined capital of 230million USD./.
Minister of Public Security Gen. To Lam hosted a reception in Hanoi on June 5 for a delegation of the National Police Agency (NPA) of the Republic of Korea (RoK) led by Commissioner General Yoon Hee-keun.
Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on June 7 received visiting Vice Governor of the Republic of Korea (RoK)’s Chungcheongbuk-do province Kim Myung-kyoo.
The CICON 2023 – the second international conference that combines the initials of Creative Urban, Culture, Convergence, and Industry took place in Ho Chi Minh City on June 7, offering opportunities for Vietnam and the Republic of Korea (RoK) to participate in the smart city and blockchain industry, build a network of businesses from the two countries.
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.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Secretary of the Hai Phong Party Committee Le Tien Chau speaks at the conference. (Photo: VNA) 
Delegates at the conference. (Photo: VNA) 
