At the event (Photo: VNA) HCM City (VNA) – Investors from the Republic of Korea (RoK) in Ho Chi Minh City are facing a number of bottlenecks related to labour regulation and administrative procedures that need to be promptly removed, heard a June 24 dialogue between the municipal leaders and the business community. The collection of seaport infrastructure fees was also pointed to by many participating businesses. From April 1, 2022, all container vehicles entering and leaving the city’s Cat Lai port have to pay an additional fee for using seaport infrastructure. Korean firms proposed the establishment of a monthly gross payment process and a reduction of the fee, given their difficulties from increased logistics costs. Phan Van Mai , Chairman of the municipal People’s Committee, said the southern economic hub is working to recover after two years affected by the COVID-19 pandemic. Such recovery sees a significant contribution of the business communities, including … [Read more...] about HCM City works to clear hurdles for RoK investors
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S. Korean firms in Ho Chi Minh City seek help to ease rising cost burden
The president of the Korean Chamber of Commerce in Vietnam (KOCHAM) has asked the Ho Chi Minh City government to assist South Korean enterprises in alleviating their cost burden in the current difficult period. KOCHAM President Shon Young Il made the request at a dialogue session between the city government and South Korean enterprises, held on Friday by local authorities in coordination with the Consulate General of South Korea in the southern metropolis. Speaking at the event, chaired by the municipal People’s Committee chairman Phan Van Mai, the KOCHAM leader said Korean businesses are facing a lot of pressure while trying to recover from the COVID-19 pandemic and cope with impacts caused by the ongoing Russian-Ukraine military conflict and the inflation risk. Therefore, he hopes that the Ho Chi Minh City administration can support Korean businesses in reducing their cost burden in this tough period. Specifically, local authorities should assist Korean businesses in solving … [Read more...] about S. Korean firms in Ho Chi Minh City seek help to ease rising cost burden
Deputy defense minister works with Transport Brigade 649
At the meeting, Major General Nguyen Duc Tung, Director of the Department of Transport, reported on the progress of the implementation of Project VT21 on renovation of military marine transport in the 2021-2030 period. The brigade’s commander later reported on the task performance of the brigade in the first six months of this year, highlighting the unit’s completion of all assigned transport volume and assurance of absolute safety in all aspects. Attentively, since early this year, the whole unit has strictly observed combat readiness regulations, prevented natural disasters, conducted search and rescue missions. It has also well managed and maintained materiel and ensured logistics and financial supplies for troops. On hearing aforementioned reports and touring technical, production areas and checking the unit’s means of transport, General San applauded the brigade for surmounting difficulties, well performing its duties, and achieving set targets. The deputy defense minister … [Read more...] about Deputy defense minister works with Transport Brigade 649