Vietnam, RoK step up trade, locality-to-locality cooperation
A Vietnam-Republic of Korea (RoK) forum for locality-to-locality cooperation and trade promotion took place in Seoul on May 29, attracting more than 100 participants from large Korean investment funds, conglomerates, and small- and medium-sized enterprises.
Participants at the forum pose for a group photo. (Source: VKBIA)
Hanoi (VNA) – A Vietnam-Republic of Korea (RoK) forum for locality-to-localitycooperation and trade promotion took place in Seoul on May 29, attracting morethan 100 participants from large Korean investment funds, conglomerates, andsmall- and medium-sized enterprises.
Theevent was co-organised by the Vietnamese Ministry of Foreign Affairs, Vietnam-Korea Businessmen andInvestment Association (VKBIA), and People’s Committees of Can Tho city, andBac Lieu, Kom Tum and Thua Thien-Hue provinces from Vietnam.
TrinhThi Mai Phuong, deputy head of the ministry’s Consular Department, said theforum is a highlight of the programme to promote Vietnamese localities in the RoKlasting from May 29 to June 1.
VKBIA President Tran Hai Linh stated the collaborationbetween the nations and their localities has been sustained and strongly recovered after a long time of hiatus due to the COVID-19 pandemic.
Linh, who is also a member of the Vietnam Fatherland FrontCentral Committee, highlighted economy-trade-investment cooperation as a pillarand growth driver of the countries’ relationship, which was upgraded tocomprehensive strategic partnership last year.
Leaders of Can Tho, Bac Lieu, Kon Tum, and Thua Thien-Hue informedthe forum on their localities’ potential, strength, socio-economic developmentorientations, and Korean investment attraction so far.
They hoped the RoK business community will make more diverseand suitable investments in Vietnam and looked forward to increasing theirlocalities’ cooperation with the East Asian nation.
Two RoK corporations, SoluM and Hancom, who specialise in greenindustry, 4th industrial revolution, smart city and high-techeducation and training, expressed theirdesire to promote cooperation with Vietnam via the VKBIA.
Participating businessmen also voiced their investment directions in such areasof the Vietnamese localities' strength and demand as green energy, greenindustry, smart city, high-tech farming, and high-quality human resourcesdevelopment.
At the signing ceremony of the cooperation pact. (Photo: VKBIA)
On the occasion the localities of Vietnam andthe VKBIA signed a cooperation pact focusing on the promotion of investment andlocality-to-locality collaboration./.
Hundreds of experts, investors and representatives from investment funds and start-up support organisations of Vietnam and the Republic of Korea (RoK) gathered at the festival for innovative startups (TECHFEST) in Seoul on April 13.
The Vietnamese Government has issued a resolution approving an agreement on social insurance signed with the Government of the Republic of Korea (RoK) on December 14, 2021.
A Vietnam-Korea culture exchange programme was held in Uijeongbu city of Gyeonggi province on May 7, bringing together crowds of overseas Vietnamese living, studying, and working in the Republic of Korea (RoK).
Economic, trade and investment cooperation has served as both a pillar and momentum of the relations between Vietnam and the Republic of Korea (RoK), Deputy Minister of Foreign Affairs Nguyen Minh Vu affirmed at a programme in the northern province of Bac Ninh on May 18.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Participants at the forum pose for a group photo. (Source: VKBIA) 
At the signing ceremony of the cooperation pact. (Photo: VKBIA) 
