Politics

Deputy PM pledges facilitation of RoK corporation’s operation in Vietnam

Deputy Prime Minister Le Minh Khai received in Hanoi on May 10 Lee Sang-Woon, Vice Chairman and COO of Hyosung Corporation – the third biggest investor from Republic of Korea (RoK) in Vietnam after Samsung and LG, pledging to facilitate the conglomerate’s operation in the country.

Deputy Prime Minister Le Minh Khai (R) and Lee Sang-Woon, Vice Chairman and COO of Hyosung Corporation, at their meeting in Hanoi on May 10. (Photo: VNA)
Deputy Prime Minister Le Minh Khai (R) and Lee Sang-Woon, Vice Chairman and COO of Hyosung Corporation, at their meeting in Hanoi on May 10. (Photo: VNA)

Hanoi (VNA) – Deputy Prime Minister Le Minh Khai received in Hanoi on May 10 Lee Sang-Woon, Vice Chairman and COO of Hyosung Corporation – the third biggest investor from Republic of Korea (RoK) in Vietnam after Samsung and LG, pledging to facilitate the conglomerate’s operation in the country.

Appreciating the cooperative relationship between the two nations’ governments, Khai highlighted the crucial role of Korean investors in Vietnam, especially global-scale conglomerates like Hyosung.

The Deputy PM acknowledged the corporation’s effective investment and business activities in various sectors such as industry, construction, trade, IT, as well as its corporate social responsibility efforts. Since 2007, the group has channeled more than 4 billion USD into Vietnam.

For his part, Lee said nearly all of Hyosung's factories in the RoK have been transferred to Vietnam. Most recently, the conglomerate has invested in a carbon fiber plant worth 730 million USD in the southern province of Ba Ria-Vung Tau. The facility is currently the most modern of its kind in the world.

Hyosung wishes to build a made-in-Vietnam ATM manufacturing plant and a large data centre in Ho Chi Minh City's high-tech zone, he went on.

Welcoming Hyosung's expansion plans in industries involving raw materials, power systems, data centres, and biofuels, among others, the Deputy PM requested the company prioritise environmental protection, promote partnerships with Vietnamese enterprises, utilise materials that Vietnam can produce, and ensure the welfare of workers.

Taking into account Hyosung's interest in joining the modernisation of Vietnam's banking system, Khai suggested the conglomerate collaborate with the State Bank and the Ministry of Finance to discuss specific details./.

VNA
#Vietnam RoK #Le Minh Khai #Hyosung Corporation #Lee Sang-Woon #vietnam
Follow VietnamPlus

Related News

RoK pharmaceutical firm transfers technology of 7 products to Vietnam

RoK pharmaceutical firm transfers technology of 7 products to Vietnam

Genuone Sciences, the Republic of Korea’s leading pharmaceutical company, announced on February 26 that it signed a business agreement with Vietnam’s Imexpharm Joint Stock Company (IMP) on the transfer of technology for seven products, including medications for the treatment of cardiovascular and diabetes-related diseases.

See more

Wei Tao, Deputy Secretary of the Party Committee and Chairman of the Guangxi Zhuang Autonomous Region (Photo: VNA)

China’s Guangxi advances “three connectivity” with Vietnam

The Guangxi Zhuang Autonomous Region of China is stepping up cooperation with Vietnamese localities through three key pillars “hard connectivity” in infrastructure, “soft connectivity” in trade and investment, and “people-to-people connectivity” through cultural exchanges.

National Assembly Chairman Tran Thanh Man (left) hands over a letter from Party General Secretary and State President To Lam to Pope Leo XIV at the Vatican (Photo: VNA)

NA Chairman meets Pope Leo XIV at the Vatican

The Party and State of Vietnam consistently create favourable conditions for the Catholic community to practice their faith while contributing to the nation, following the orientation of “living the Gospel in the heart of the nation,” said National Assembly Chairman Tran Thanh Man.

A roundtable in Moscow reviews key outcomes of the 14th National Congress of the Communist Party of Vietnam. (Photo: VNA)

New cooperation directions drive Vietnam–Russia ties

As Russia pivots towards the Asia–Pacific and Vietnam deepens its global integration, Vietnam is increasingly viewed as a key bridge connecting Russia with Southeast Asia, a role expected to elevate the strategic value of bilateral ties and unlock new cooperation opportunities.

Permanent member of the Communist Party of Vietnam (CPV) Central Committee’s Secretariat Tran Cam Tu departs Techo Airport for home. (Photo: VNA)

Cambodia highlights significance of Party official’s visit

The official visit to Cambodia by Politburo member and Permanent member of the Communist Party of Vietnam (CPV) Central Committee’s Secretariat Tran Cam Tu has been described by Cambodian officials as carrying profound political and diplomatic significance, helping reinforce the traditional ties between the two Parties and countries.

Ambassador and Head of the Vietnamese Mission to the World Trade Organisation (WTO) Mai Phan Dung meets with WTO Director-General Ngozi Okonjo-Iweala on April 10, 2026. Photo: VNA

Vietnam strongly supports multilateral trading system

Vietnam has always been an active and responsible WTO member, fully participating in activities, discussion sessions, and side events, while regularly making statements and contributing to major negotiation dossiers, said Ambassador and Head of the Vietnamese Mission to the World Trade Organisation (WTO) Mai Phan Dung.

The welcoming ceremony is held for National Assembly Chairman Tran Thanh Man and his spouse at Ciampino Airport in Rome, Italy. Photo: VNA

NA Chairman begins official visit to Italy

National Assembly Chairman Tran Thanh Man's official visit to Italy is to promote ties between the Vietnamese National Assembly and the Italian Parliament, and further deepen bilateral relations in a substantive and effective manner.

Politburo member and Minister of Foreign Affairs Le Hoai Trung.

Senior Party official’s official visits to Laos, Cambodia successful: FM

The Party, State, and people of Vietnam, Laos, and Cambodia will continue the exchange of visits and delegations at all levels, especially at the high-level and via Party and State channels, to enhance understanding, strengthen trust, improve cooperation effectiveness, and jointly address emerging issues.

National Assembly Chairman Tran Thanh Man and his spouse depart Hanoi to attend the 152nd Assembly of the Inter-Parliamentary Union (IPU-152) in Istanbul, Türkiye. Photo: VNA

NA Chairman leaves Hanoi for 152nd IPU Assembly in Türkiye, official visit to Italy

Chairman of the National Assembly (NA) Tran Thanh Man, his spouse, and a high-ranking Vietnamese delegation departed from Hanoi on early April 11 morning to attend the 152nd Assembly of the Inter-Parliamentary Union (IPU-152) in Istanbul and conduct a number of bilateral activities in Türkiye, and pay an official visit to Italy from April 11-17.

NA Chairman Tran Thanh Man (second from right) hands over decisions of the Standing Board of the NA Party Committee to the three Secretaries of Party Committees of the three NA bodies. (Photo: VNA)

National Assembly Chairman hands over decisions on personnel affairs

Politburo member, Secretary of the National Assembly (NA) Party Committee and NA Chairman Tran Thanh Man stressed the importance of strengthening the contingent of officials and Party members with firm political mettle, strong moral integrity and professional competence; promoting innovation in working methods; and advancing digital transformation and the application of artificial intelligence to enhance transparency, efficiency and effectiveness.

Officers of Army Corps 34 take care of the recovered remains of 12 fallen soldiers from Doch1 village in Ia Ly commune of the central province of Gia Lai. (Photo: VNA)

Army Corps 34 recovers remains of 12 fallen soldiers in Gia Lai province

According to historical records, the area once served as an operational base for units of Regiments 609, 66, 24 and 320, as well as staff and logistics agencies of the Central Highlands front (B3) during the 1966–1969 period. Between 2020 and 2025, the corps had already recovered remains from 46 martyrs in the Chu Pa mountain area.

From left: Politburo member and Permanent member of the Communist Party of Vietnam Central Committee’s Secretariat Tran Cam Tu (4th), Vice President of the Cambodian People’s Party Samdech Men Sam An (5th) and other official at the meeting with Cambodian alumni in Phnom Penh on April 10, 2026. (Photo: VNA)

Vietnam’s senior Party official meets with Cambodian alumni in Phnom Penh

Tu expressed his appreciation for the practical and effective contributions made by generations of Cambodian students who studied in Vietnam. Serving in various roles across the Party, State, ministries, localities and businesses, these alumni have effectively applied their knowledge and experience to contribute to Cambodia’s development, while also playing an important role in promoting mutual understanding, trust and cooperation between the two countries.

Party General Secretary and State President To Lam (C) presents the Politburo’s decision on the appointment of the NA Party Committee, its Standing Board, Secretary and Deputy Secretaries of the NA Party Committee for the 2025–2030 term to NA Chairman Tran Thanh Man (third from right) and Vice Chairpersons. (Photo: VNA)

Top leader hands over Politburo decision on NA Party Committee for 2025–2030 term

In his remarks, Party General Secretary and State President To Lam stressed that the consolidation of the NA Party Committee’s personnel is of significant importance, aiming to strengthen the Party’s direct and comprehensive leadership over the legislature and ensure the effective performance of its three core functions: legislation, supreme supervsion, and decision-making on major national issues.