Cosmetics from the RoK introduced to a visitor to the Vietnam - RoK trade promotion week in Hai Phong city. (Photo: VNA)
Hai Phong (VNA) – A Vietnam - Republic of Korea (RoK)trade promotion week kicked off in the northern city of Hai Phong on September1.
The 10-day event, held by the Lala Station JSC, the ShiningMedia company and the Hai Phong Radio and Television Station, is among the activities marking 31 years of the two countries’ diplomatic ties. It aims toboost trade and investment links as well as cultural exchanges between thecountries while introducing both sides’ economic potential, history, culture,and tourism.
The week features 94 booths of localities and businesses fromthe two countries, including over 60 of Vietnam and 30 of the RoK. The RoK sideshowcases a variety of its typical products such as fashion, householdappliances, and beauty care items.
Besides, a wide range of activities such as folk games and DanceCover Kpop 2023 will also give visitors a chance to experience the Vietnameseand Korean cultures.
In his opening remarks, Director of the Hai Phong Department ofIndustry and Trade Nguyen Van Thanh said during the over 30 years of diplomaticrelations, the Vietnam - RoK relations have enjoyed development breakthroughs,from the comprehensive partnership set up in 2001 to the strategic partnershipin 2009 and the comprehensive strategic partnership in 2022.
In Hai Phong, there are 105 RoK-invested projects worth about9.97 billion USD at present, making the Northeast Asian country the biggest investorin terms of both the project number and investment capital here.
In 2022, those projects earned 14.5 billion USD in revenue and13.5 billion USD in export, contributed 3.57 trillion VND (148.2 million USD) tothe state budget, and created jobs for 41,000 people, statistics show.
In addition, the local projects funded through the RoKGovernment’s official development assistance (ODA) also have proved fruitful, Thanhadded./.
A delegation of the Goyang Convention and Visitors Bureau of the Republic of Korea (RoK)’s Gyeonggi province, led by President of its Tourism Subcommittee Kong Sunae, paid a working visit to Dak Lak on August 15 to explore cooperation opportunities with the Central Highlands province.
The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) have signed a memorandum of understanding (MoU) to strengthen bilateral cooperation, KOFOTI announced on August 24.
Tuyen Quang pledges to create the best conditions for investors from the Republic of Korea (RoK) to invest in the northern mountainous province, Chau Van Lam, Secretary of the provincial Party Committee said at a seminar between Tuyen Quang leaders and representatives of RoK enterprises in Seoul on August 29.
The Ministry of SMEs and Startups (MSS) of the Republic of Korea (RoK) will launch K-Tech College, a programme that offers training programs in software and provides job placement opportunities with Korean startups to talented students from developing nations, including Vietnam.
The Vietnam-Republic of Korea (RoK) Festival will take place in the central city of Da Nang from September 7-9, according to the municipal Department of Foreign Affairs.
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.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Cosmetics from the RoK introduced to a visitor to the Vietnam - RoK trade promotion week in Hai Phong city. (Photo: VNA) 
