Business

Hyosung Vietnam to expand business

Fibre producer Hyosung Vietnam Limited Company will spend another 600 million USD to expand its business in the southern province of Dong Nai.
Fibre producer Hyosung Vietnam Limited Company will spend another 600million USD to expand its business in the southern province of Dong Nai.

Thecompany's CEO Sun Hyung Yoo told Dong Nai newspaper that in preparationfor the expansion, the firm has signed a lease agreement with theVietnam Urban and Industrial Zone Development Investment Corporation(IDICO) to rent another 22.6 hectares in the Nhon Trach 5 industrialzone, increasing the total area of the company's operations to 90.6hectares in the province.

Hyosung Vietnam is a subsidiary of the Korean firm Hyosung Corp.

Itproduces fibres of all kinds, and has been operating in Dong Nai formore than seven years, with a total registered investment of 995 millionUSD, according to the province's People's Committee.

The companysays that 90 percent of its products are exported. In 2014, the firmearned more than 1 billion USD in revenue, and became an importantstronghold of the Hyosung Corporation in the Republic of Korea.-VNA
Follow VietnamPlus

See more

Representatives from companies receive certificates of trademark rights at the launch of the "Green and Low-Emission Vietnam Rice" trademark. (Photo: nld.com.vn)

"Green and Low-Emission Vietnam Rice" trademark launched

VIETRISA Chairman Bui Ba Bong said that the launch is a strategic turning point in building the Vietnamese rice brand, aiming for the premium markets with strict carbon emission standards. The new rice trademark represents a commitment to environmental and social responsibility, not just a commercial label.

The Vietnam Pavilion at EXPO 2025 Osaka-Kansai. (Photo: VNA)

Vietnam pavilion opens to visitors at EXPO 2025 Osaka-Kansai

Spanning 300sqm, the pavilion showcases Vietnam’s history, culture, and innovation through modern exhibition technologies including holograms, VR, and digital mapping. Designed as a cultural gateway, it tells the story of a dynamic, inclusive, and sustainable Vietnam rooted in strong human values.

Overview of the meeting (Photo: PVdrilling.com)

Domestic oil rig demand set to soar with new projects

The PV Drilling 8 rig, newly acquired in 2024, is slated to commence operations in Vietnam by September, while PV Drilling 6 will return from overseas to serve a contract at Block B – Phu Quoc in mid-2027, positioning the company for stronger revenue growth.

The Vietnam Connect Forum 2025 takes place in Hanoi on April 23. (Photo: VnEconomy)

Vietnam remains attractive destination for foreign enterprises: forum

Over nearly four decades of Doi moi, Vietnam remains consistent in encouraging foreign investment. It has continued to create an optimal investment environment by improving its legal framework, enhancing administrative reforms, and developing infrastructure and human resources.

Checking the operation of 110kV power projects in the Central Highlands provinces. (Photo: VNA)

PM urges drastic measures to ensure power supply for peak period

It noted that as ensuring national energy security and sufficient electricity supply is one of the fundamental and decisive factors for the successful implementation of the country’s socio-economic growth targets, the Government and the Prime Minister have proactively and decisively directed relevant tasks and solutions early and from afar to ensure adequate power supply.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien ̣(fourth from left) holds phone talks with US Trade Representative Jamieson L. Greer on April 23 evening. (Photo: VNA)

Vietnam, US kick start bilateral economic, trade negotiations

Vietnamese ministries and sectors stand ready to address the US’s concerns and work together to find mutually beneficial solutions based on the principle of harmonised interests and shared risks, said Minister of Industry and Trade Nguyen Hong Dien.