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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

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

Vietnamese Ambassador to Laos Nguyen Ba Hung speaks at the event in Vientiane on June 24. (Photo: VNA) Vientiane (VNA) – Stories about Vietnam and Laos’s traditional relations were shared with young people at a talk held by the Lao National Academy of Politics and Public Administration in Vientiane on June 24. Director of the academy Phouvong Ounkhamxeng, who is also a member of the Lao People’s Revolutionary Party Central Committee, told Vietnam News Agency that the talk aimed to help young Lao people gain a better understanding of the two countries’ special relations in order for them to uphold and develop bilateral ties. Speaking at the event, Vietnamese Ambassador to Laos Nguyen Ba Hung said the countries’ special relations were founded by then Presidents Ho Chi Minh and Kaysone Phomvihane and have been nurtured by generations of their leaders and people. Braving various challenges throughout history, Vietnam - Laos relations have become a rare exemplary and … [Read more...] about Talk gives young Lao people insight into traditional relations with Vietnam