Southern localities of Vietnam has been a major destination for investment from the Republic of Korea (RoK) in recent years, and local textile-garment and footwear industries have proved to be a magnet for an influx of capital from this country.
Kumho Tire Co., Inc will continue to sponsor activities of the Association of Vietnamese People in the Republic of Korea (RoK) under an agreement signed between the two sides in Seoul on May 11.
Disbursement of foreign direct investment (FDI) in Vietnam reached an estimated 13.2 billion USD from the beginning of 2015 until November 20, up 17.9 percent against 2014.
The Republic of Korea’s Kumho Tire Co. is offering aid to Korean-Vietnamese multicultural families that encounter economic difficulties to return to Vietnam for a short visit, the firm has said.
A raft of charitable activities have been held in the southern
provinces of Binh Phuoc and Binh Duong in a bid to support the poor and
beneficiaries of welfare policies.
Authorities of southern Binh Duong province have paid a visit to foreign
direct investment (FDI) firms in the My Phuoc 3 and My Phuoc 1
industrial parks to inquire about their operations so as to take prompt
assistance measures.
Foreign tire manufacturers have flocked to Vietnam with plans to turn
the country into their production base as well as a new consumption
market, the English language news website VietNamNet Bridge reported.
Kumho Tire, a subsidiary of the Republic of Korea’s Kumho Asiana Group,
plans to invest around 100 million USD in a factory in the southern
province of Binh Duong, Kumho Asiana Group Chairman Park Sam-koo told
the Korea Times recently.
The Vietnamese Embassy and the Association of Overseas Vietnamese in the
Republic of Korea (RoK) on July 29 opened a course on the Korean
language and culture for Vietnamese brides in Gyeonggi province.
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