The Vietnamese Party, State, Government and localities always create favourable conditions and protect legitimate rights for foreign firms, including the Republic of Korea’s SK Group, to land technology investment in the country amid the Fourth Industrial Revolution, Prime Minister Nguyen Xuan Phuc said on June 5.
Prime Minister Nguyen Xuan Phuc (R) and SK Group Chairman Chey Taw-won (Photo: VNA)
Hanoi (VNA) - The Vietnamese Party, State, Government and localitiesalways create favourable conditions and protect legitimate rights for foreignfirms, including the Republic of Korea’s SK Group, to land technologyinvestment in the country amid the Fourth Industrial Revolution, Prime MinisterNguyen Xuan Phuc said on June 5.
Hosting a reception for SK Group Chairman Chey Taw-won in Hanoi, PM Phuc saidhe welcomes SK Group’s non-refundable aid worth 30 million USD for the Ministryof Planning and Investment to develop the National Innovation Centre (NIC).
Chey, for his part, expressed his delight over the strong economic developmentin Vietnam, and said that SK’s investment expansion in the Southeast Asiancountry via its collaboration with VinGroup aims to create new value for localpeople.
As the SK hopes to engage in developing environmental protection technology inVietnam, Chey said he expects support from the Vietnamese Government as well ascoordination from competent ministries and sectors.
The Vietnamese leader said VinGroup and the SK should outline new cooperationprogrammes, adding that the SK has been on its right track in Vietnam with manyprojects in smart urban development, and electric motorbike production,contributing to the creation of a qualitative change in the production in thecountry.-VNA
The establishment of the National Innovation Centre (NIC) will be a catalyst for promoting economic development based on science, technology, and innovation, Minister of Planning and Investment Nguyen Chi Dung said at a press conference in Hanoi on December 21.
Conglomerate SK Group of the Republic of Korea (RoK) plans to purchase 1 billion USD worth of stocks in Vietnam’s real estate-retail-tech giant Vingroup, according to Bloomberg.
SK Group, the third largest business group in the Republic of Korea (RoK), said on May 16 that it would invest 1 billion USD in Vingroup - Vietnam's leading real estate and retail conglomerate, as part of its efforts to expand presence in the Southeast Asian market.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Prime Minister Nguyen Xuan Phuc (R) and SK Group Chairman Chey Taw-won (Photo: VNA) 
