It demonstrated that the two countries’ strategic partnership relation has strengthened ties.The Government of Vietnam always supports and creates favorable conditions for domestic and foreign investors, including Korean firms; and Vietnam desired to attract more and more economic groups of Republic of Korea (RoK) in the fields of electronics and car accessories…PM Phuc suggested that Maekyung as the leading media group of South Korea would continue calling on the country’s large- scale enterprises to invest in Vietnam, hoping that the country would welcome a new wave of investment from RoK.Additionally, the Vietnamese leader also wished both sides to contribute in peacekeeping, stabilization and development in Asia- Pacific region.BY LAM NGUYEN- Translated by Huyen Huong … [Read more...] about VN desires to attract new wave of investment from RoK
Investment
Conference seeks to lure Chinese investments in Vietnam
Representatives of the Chinese Taipei delegation at the APEC 2017 Summit in Danang. Source: vietnamnews.vn Speaking at the conference, a representative from the Vietnamese Ministry of Planning and Investment said Vietnam is exceptional among major markets in Southeast Asia.The official explained that in the first 11 months of this year, especially November, many foreign companies participated in divestments of Vietnam’s State-run groups and corporations. Vietnam’s stock market has grown the best in the region, even surpassing Thailand, Indonesia and the Philippines, with the index up 45 percent compared with earlier this year, the official said. Source: VNA … [Read more...] about Conference seeks to lure Chinese investments in Vietnam
Samsung believes investment in workers holds key to profit
Shim Won Hwan, president of Samsung Việt Nam Complex. — Photo courtesy of Samsung Việt Nam Viet Nam News Việt Nam and South Korea are celebrating 25 years of friendly relations. The Maekyung Korea-Việt Nam Forum today will review the long-term co-operation. South Korea’s Samsung Electronics Việt Nam has been the biggest foreign investor in Việt Nam. Shim Won Hwan, president of Samsung Việt Nam Complex, talks with Việt Nam News reporter Vũ Hoa about the operation. Samsung has been operating in Việt Nam for more than 20 years and is the biggest foreign investor in the country. What do you think about Việt Nam’s investment environment and its plans to attract more foreign direct investment (FDI)? When we talk about Việt Nam’s competitiveness, we should not differentiate between local and foreign firms as they both have potential for development. The first thing we can say is that … [Read more...] about Samsung believes investment in workers holds key to profit
Northern Phú Thọ Province seeks Korean investment
HÀ NỘI — People’s Committee of Phú Thọ joined hands with the Vietnamese Embassy in South Korea to organise a conference in Seoul on Monday to promote investments into the northern province. Hoàng Dân Mạc, secretary of the provincial Party Committee cum chairman of the People’s Council, said that Phú Thọ had significant untapped potential for foreign investors. Phú Thọ Province was open to foreign investment, especially investment from South Korea, Mạc said, adding that the province was creating favourable conditions in terms of policies and procedures for investors. “Phú Thọ Province will always support investors,” Mạc said. The province is hastening its administrative reform, increasing dialogues with businesses to remove their difficulties, together with providing incentives to investors. Nguyễn Vũ Tú, Vietnamese Ambassador to South Korea, said that … [Read more...] about Northern Phú Thọ Province seeks Korean investment
Workshop spotlights renewable energy investment in Vietnam
The Bac Lieu wind power plant - Photo: VNA In his remarks, Bo Monsted, Commercial Counsellor at the Danish Embassy in Vietnam said international investors, including those from Denmark, are very interested in Vietnam’s market with untapped huge potentials for wind power development, noting that with its experience and expertise, Denmark desires to share new technologies with Vietnam.Pham Trong Thuc, a representative of the Vietnamese Ministry of Industry and Trade described the event as an opportunity to introduce the country’s wind power potentials and incentives for investors in the field.The Government of Vietnam has adopted numerous incentives to encourage capable international businesses to invest in wind power and transfer their technologies to local producers, he said.Vietnam’s wind power potentials have not been fully exploited, particularly in the central region. There are only four operational projects with a combined capacity of more than 159 MW.Nguyen … [Read more...] about Workshop spotlights renewable energy investment in Vietnam