Indonesia has issued a new regulation requiring all smartphones stamped with a unique international mobile equipment identity (IMEI) to be registered on the government database in an attempt to curb illegal smartphone imports.
Prime Minister Nguyen Xuan Phuc on October 11 affirmed that the Vietnamese Government always provides all possible support for investors, including those from the Republic of Korea and Samsung Vietnam, to expand operations in the country.
Reporting 50.6 trillion VND (2.17 billion USD) in before-tax profit in 2018, the Vietnam Oil and Gas Group (PetroVietnam) has become the most profitable corporation in the country.
As many as 220 wheelchairs and 25 scholarships worth 2 million VND (86.14 USD) each donated by Samsung Vietnam’s subsidiaries were presented to the disabled and poor students in the northern province of Bac Ninh on September 20.
Phones and components led all export items to the Republic of Korea (RoK) in the first eight months of 2019, accounting for 26.4 percent of total shipments, data of the General Department of Customs showed.
Growing trade feud between Japan and the Republic of Korea (RoK) is redrawing the map of Asian tourism, with the RoK and Chinese travelers avoiding previously popular destinations like Japan and Hong Kong for Southeast Asia, according to the Japan’s Nikkei Asia Review.
The Sourcing Fair for Supporting Industry with Buyers that is underway in Ho Chi Minh City seeks to enhance supply chain linkages in supporting industries, enhance direct connections between foreign and other manufacturing firms and Vietnamese parts suppliers.
The Doosan Heavy Industries Vietnam Co. Ltd (Doosan Vina) shipped 12 modules weighing 1,746 tonnes in total to the Ruwais oil refinery of the United Arab Emirates (UAE) on September 9.
The merger and acquisition (M&A) scene in Vietnam has become increasingly active with more domestic firms setting up ties with global partners so their brands can reach global customers and develop domestically.
The logistics market has become more vibrant in recent times with large merger and acquisition (M&A) deals between Vietnamese businesses and foreign investors who have strong financial and technological potential, especially those from Japan and the Republic of Korea.
There are 4,000 Vietnamese businesses operating in the logistics field but most of them are small-scale with weak human resource quality, the Ministry of Industry and Trade (MoIT) reported.
The robotics market has grown strongly in recent years due to enterprises’ growing demand for automotive solutions to optimise output and save both labour and operational costs.
The third Samsung Hope School in Vietnam will be constructed in Hiep Hoa district in the northern province of Bac Giang to benefit more than 300 poor local pupils at primary and secondary levels.
Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China’s Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region’s fastest-growing economies.
Many leading groups and corporations of the Republic of Korea, which operate in banking, finance, electricity, retail sales, and technology, have expressed their interest in cooperation with Vietnamese partners, including FPT Corporation, in the fields of new technologies digital transformation.
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