Vietnam’s Small- and Medium-sized Enterprise Development Fund will join hands with the Korea Small and Medium Business Corporation to promote the development of SMEs and help them to seek partners
Hanoi (VNA) –🌠 Vietnam’s Small- and Medium-sized Enterprise Development Fund (SMEDF) will join hands with the Korea Small and Medium Business Corporaไtion (SBC) to promote the development of SMEs and help them to seek partners in both countries.
Under the terms of a Memorandum of Understanding signed in Hanoi on November 8, SMEDF and SBC will also exchange information about business supporting policies and assist each other in conducting surveys in their respective nations.
SMEDF Director Hoang Thi Hong said the Republic of Korea (RoK) is now the biggest foreign investor in Vietnam, with a large sum of investment poured into the electronics, energy and manufacturing sectors.
The flow of Korean investment into Vietnam has given a boost to the development of local SMEs and enabled them to join the global supply chain and get access to advanced technologies, she added.
Meanwhile, SBC Vice President for Global Marketing Yong Seung Lee said SBC has accompanied Korean SMEs by assisting them in export marketing and setting up a centre for SME development in Hanoi in 2014.
Established in 1979, SBC is a non-profit, government-funded organization. It is tasked with implementing government policies and programmes for the sound growth and development of Korean SMEs.-VNA
Hanoi and Seoul leaders expressed their willingness to boost bilateral cooperation during a visit of a Hanoi delegation to the capital city of the Republic of Korea from August 17-21.
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.
At the ceremony (Photo: VNA)
