PM promises optimal conditions for Korean investors
The Government of Vietnam always creates favourable conditions for Korean firms, including the Hyosung Group, to invest in the country, said Prime Minister Nguyen Xuan Phuc.
Prime Minister Nguyen Xuan Phuc presents a gift to Chairman of the Hyosung Group Cho Hyun-joon. (Photo: VNA)
Hanoi (VNA) - The Government of Vietnam always creates favourableconditions for Korean firms, including the Hyosung Group, to invest in thecountry, said Prime Minister Nguyen Xuan Phuc.
Whilereceiving Chairman of the Hyosung Group Cho Hyun-joon in Hanoi on February 8,PM Phuc agreed to soon organise a forum to attract more investors from theRepublic of Korea (RoK) to Vietnam as suggested by Cho.
Hepraised Hyosung as one of the biggest Korean investors in Vietnam, which hasoperated many important projects in all three regions of the country.
ThePM suggested Hyosung to join as a strategic investor of Vietnam’s electricitytransformer factory and urged the group to pay due attention to environmentalprotection when carrying out projects.
Chosaid the Hyosung Group is striving to bring its total investment in Vietnam upto 6 billion USD, adding that the group is planning to invest in electricityprojects in Vietnam, particularly by supplying high voltage power transformerswhich are sought after in the country.
Thegroup wants to partner with and transfer technologies to Vietnamesemanufacturers of power transformers so as to make Vietnam an exporter of theproduct, he said.
Hyosungis a leading producer of all classes of power transformers, ranging up to 765kVin the RoK. Its products have been available in 70 countries and territoriesacross the globe.-VNA
The central province of Quang Nam’s first-ever Korean Day Festival and Korean Film Week will take place from December 11 to 17 in Tam Ky city to mark the 25th anniversary of diplomatic ties between Vietnam and the Republic of Korea (RoK).
The first-ever Maekyung Korea-Vietnam Forum is scheduled to open in Hanoi on December 6 as part of activities to celebrate the 25th anniversary of Vietnam-Republic of Korea (RoK) relations.
The Korean Day programme concluded in Tam Ky city, the central province of Quang Nam, on December 16 after entertaining visitors with a range of activities.
Vietnam’s central coastal province of Thua Thien-Hue is cooperating with localities in the Republic of Korea (RoK) in various fields such as planning, health, tourism, and industry.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
Prime Minister Nguyen Xuan Phuc presents a gift to Chairman of the Hyosung Group Cho Hyun-joon. (Photo: VNA) 
