Business

RoK investment grows in textile and garment sector

Investors from the Republic of Korea (RoK) are showing greater interest in Vietnam’s textile and garment sector, the Vietnam Investment Review reported on June 19.
Investors from the Republic of Korea (RoK) are showing greater interestin Vietnam’s textile and garment sector, the Vietnam Investment Reviewreported on June 19.

In early June, a big fibre manufacturingplant was launched in the southern province of Dong Nai, marking agrowing presence of RoK investment in Vietnam’s textile and garmentsector.

The 52 million USD project, belonging to Dong-IL VietnamLimited under the Dong-IL group, is located in Dong Nai’s Loc An-BinhSon Industrial Park and is Dong-IL’s first project in the country.

Theplant has an estimated capacity of 9,000 tonnes per year and will comeon-line mid next year to supply the domestic market, as well as otherAsian markets.

Dong-IL Vietnam’s managing director Suh Min Soksaid he expects the project to help attract other RoK investors to theVietnamese market.

Unlike Dong-IL, Sea-A group has been operatingin Vietnam for nearly six years and has a garment plant based in thenorth-central province of Thanh Hoa. It is run by Winners Vina Limited, aunit under Sea-A.

The 12 million USD facility turns out seven million products a year and has a workforce of 3,000.

WinnersVina is already envisaging a second garment plant in Vietnam, in whichit will invest 15 million USD and employ 6,000. Its products willprimarily be for export.

“The move is to satisfy growing ordersfrom US importers, mostly leading retailers such as Target, Walmart,Kohls, Kmart, Sears and Tesco,” said a company source.

With morethan 500 businesses based in Vietnam and nearly 2 billion USD in totalcommitted capital, RoK investment has helped bolster Vietnam’s textileand garment industry, and in particular helped increase export value toRoK, which is now Vietnam’s fourth largest export partner in terms ofvalue, after the US, the EU and Japan.

Vietnam’s textile andgarment exports to RoK have jumped sharply in recent years, from lessthan 300 million USD in 2009 to nearly 1.2 billion USD in 2013 and anestimated 750 million USD in the first five months of this year.

This has given Vietnam’s textile and garments a 24.2 percent market share in RoK, only behind China with 43.2 percent.

Thefifth negotiation round for the Vietnam-RoK free trade agreement (FTA)was wrapped up in late May and both sides have reportedly ramped upefforts to conclude the talks by October this year.

The VietnamTextile and Apparel Association forecasted RoK investment in Vietnamcould make a major leap following ratification of the FTA.-VNA
Follow VietnamPlus

See more

Fuel supply in Hanoi remains stable. (Photo: VNA)

Fuel prices rise sharply from 3 pm on March 7

Since the beginning of this year, domestic fuel prices have undergone 11 adjustments. During this period, both RON95 and E5 RON92 experienced four decreases and seven increases, while diesel oil two falls and nine hikes.

Customers buy and sell fuel at a Petrolimex petrol station. (Photo: VNA)

Capital’s fuel market remains stable after March 5 price adjustment

Operations at several petrol stations across Hanoi have run normally. Along major routes, petrol stations remained open and continued to serve customers as usual. The number of vehicles refueling showed no major changes compared to the days before the price adjustment. Sales activities continued without interruption, and there were no long queues or supply disruptions.

Thang Long II Industrial Park in Hung Yen province. (Photo: VNA)

Green industrial parks draw FDI to northern Vietnam

From 2026, the industrial real estate market in the northern region is forecast to enter a new growth phase as strategic infrastructure projects near completion, supply expands, and green industrial parks become a decisive factor for foreign direct investment (FDI).

Border guards from Thanh Hai Border Guard Station patrol fishing vessels entering Phu Hai port in Phu Thuy ward, Lam Dong province. (Photo: VNA)

Lam Dong orders swift action to address IUU fishing gaps

Vice Chairman of the provincial People’s Committee Le Trong Yen has directed heads of relevant departments, sectors and localities to strictly implement directives and newly issued regulations on IUU prevention, while strengthening public awareness efforts so fishermen and businesses better understand and comply with the rules.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the meeting to review the development strategy and operational framework for the international financial centre. (Photo: VNA)

Deputy PM urges early establishment of trading platforms at Int’l Financial Centre

Chairing a meeting in Hanoi on March 6 to review the development strategy and operational framework for the international financial centre, Binh acknowledged the progress made by relevant ministries and localities in a short period of time. However, he noted that current efforts have largely focused on building the organisational structure and legal framework.

Regza Vietnam Electronics Co., Ltd. (fully invested by Taiwan, China) installs four modern production lines in 2024. (Photo: VNA)

FDI disbursement in Jan–Feb reaches five-year high

The NSO noted that the Republic of Korea (RoK) and Singapore were the largest investors during the period, each registering over 1 billion USD in newly committed capital, accounting for a significant share of total foreign investment inflows into Vietnam.

Rising geopolitical tensions in the Middle East on Vietnam’s economy under the baseline scenario is expected to remain limited. (Photo: VNA)

Middle East tensions likely to have moderate impact on Vietnam’s economy: VinaCapital

According to Michael Kokalari, Director of Macroeconomic Analysis and Market Research at VinaCapital, the conflict is unlikely to significantly affect Vietnam. Exports to the Middle East account for less than 3% of Vietnam’s total export turnover, while the likelihood of a large-scale and prolonged ground campaign in Iran is considered relatively low.

VinFast has signed a strategic partnership with six electric motorbike dealers in Indonesia, marking a new step in expanding its distribution network in one of the region’s and the world’s largest motorcycle markets. (Photo: VNA)

VinFast partners with six e-scooter dealers in Indonesia

In preparation for the launch of its electric scooters in Q2/2026, VinFast has signed additional MoUs with six dealers, including PT. IB Motor, PT. Sentrik, PT. Axara Marani, PT. Sukses Sejati Indonesia, PT. Tangguh Inti Motor, and PT. Kiki Motor Persada. These partners are distributors with strong experience in key markets and share a common direction toward green mobility solutions.

Fishermen at Dong Tac fishing port in Phu Yen ward, Dak Lak province prepare to head back to sea after the storm (Photo: VNA)

Dak Lak reviews fishing vessel fleet, steps up fight against IUU fishing

Local authorities are focusing on managing registered fishing vessels and reviewing all records and data related to fishing, purchasing and processing seafood. Violations related to IUU fishing are being strictly handled under the principle of “facing the problem, not avoiding it”.

UK Ambassador to Vietnam Iain Frew addresses the event (Photo: nhandan.vn)

Vietnam, UK step up cooperation in derivatives commodity market development

The British Embassy in Vietnam and the British Consulate-General in Vietnam, in coordination with Boston Consulting Group (BCG), held a capacity-building session under the UK–Vietnam Growth Gateway initiative in Hanoi on March 5 to discuss strategies for developing a transparent and globally connected commodity and derivatives market.