Vietnam-RoK businessmen association establishes chapter in Gyeonggi

Vietnam-RoK businessmen association establishes chapter in Gyeonggi province

The Vietnam – Korea Businessmen and Investment Association (VKBIA) held a ceremony in Seoul on December 21 to announce a decision to establish its chapter in Gyeonggi province, a move to expand its membership and enhance Vietnam – Korea investment connectivity.
Vietnam-RoK businessmen association establishes chapter in Gyeonggi province ảnh 1At the event (Photo: VNA)
Seoul (VNA) – The Vietnam – Korea Businessmenand Investment Association (VKBIA) held a ceremony in Seoul on December 21 toannounce a decision to establish its chapter in Gyeonggi province, a move toexpand its membership and enhance Vietnam – Korea investment connectivity.

Speaking at the event, VKBIA Chairman Tran Hai Linh briefedVKBIA’s outstanding activities 2019, including promoting cooperation betweenVietnamese and Korean firms and adopting Korean technologies in Vietnam’sagricultural products, thus bringing more Vietnamese farm produce to theRepublic of Korea (RoK) and the world.

Linh expressed wish to expand its network to Asan, Daegu,Daejeon, adding that VKBIA plans to debut its chapters in the north, centraland south of Vietnam in January – February 2020.

The Gyeonggi provincial chapter will be led by Phan Thi Hoa.

Investment Counsellor at the Vietnamese Embassy in the RoK DinhThi Tam Hien introduced the Vietnamese government’s investment incentives toforeign investors, including those from the RoK in particular.

The VKBIA was founded on September 25, 2019. It now has theGyeonggi provincial chapter and the first chapter in the south (Busan –Cheollanamdo region) that was set up on November 21, 2019./.
VNA

See more

The yarn factory of Unitex Textile and Dyeing Company Limited applies new technology to optimise operations using an automated model. (Photo: VNA)

Resolution 68: International lessons for private sector development

A common feature in many successful economies is a fundamental shift in the perception of private enterprises. In countries such as Singapore, Germany, Republic of Korea (RoK) and China, private firms are viewed not mainly as entities requiring strict control but as development partners and key forces generating growth, jobs and innovation.

The production line of Regza Electronics Vietnam Co., Ltd. located in Dong Nai province. (Photo: VNA)

Vietnam’s overseas investment rises 2.3-fold in first two months

During the period, 36 new overseas projects were granted investment certificates with total registered capital from Vietnamese investors reaching 532.4 million USD, up 2.3 times compared to the same period last year. In addition, three projects adjusted their capital with an additional 7.8 million USD, 1.5 times higher than a year earlier.

Workers of PTSC Thanh Hoa check the system for crude oil imports. Vietnam saw strong increase in fuel imports in the first two months of this year. (Photo" VNA)

Vietnam records strong increase in fuel imports in two months

Statistics of Vietnam Customs showed that Vietnam spent more than 1.44 billion USD importing 2.18 million tonnes of petroleum products in the first two months of this year, representing a sharp increase of 31.4% and 43%, respectively, over the same period last year.

Prime Minister Pham Minh Chinh visits a macadamia cultivation model in Huoi Tao B village, Pu Nhi commune, Dien Bien province on March 8. (Photo: VNA)

PM requests boosting agricultural development in Northwestern region

PM Chinh encouraged local residents to explore additional crops and livestock suitable for intercropping in order to maximise land use efficiency. Farmers were also urged to strengthen cooperation with one another and with businesses by joining cooperatives, consolidating land resources and working together to expand production and improve incomes.

Farmers in the Mekong Delta province of An Giang harvest rice grown under the project 'Sustainable Development of One Million Hectares of High-Quality, Low-Emission Rice Associated with Green Growth in the Mekong Delta by 2030.' (Photo: VNA)

Promoting high-quality rice exports amid mounting challenges

According to the Ministry of Agriculture and Environment (MAE), an estimated 600,000 tonnes of rice worth 370 million USD was exported in January, up 12.4% in volume and 16.9% in value year-on-year. The average export price reached 616.6 USD per tonne, up 4%.

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.