Businesses from the Republic of Korea (RoK) see Viet Nam as a highly potential market for growth, as they have already begun to dominate in certain sectors within the Southeast Asian nation.
President Nguyen Xuan Phuc on Monday met with leaders of Korean firms which were implementing large-scale projects in Viet Nam as part of his three-day visit to this country.
Leading enterprises from the Republic of Korea (RoK) including Samsung Electronics, Naver and Revu Corporation have further promoted investment in research and development (R&D) centres in Viet Nam to fully tap high-quality and low-cost human resources.
The Korea Trade-Investment Promotion Agency (KOTRA) in Ha Noi has organised a trade event to boost commercial links between Vietnamese buyers and Korean sellers.
The Republic of Korea (RoK) wishes to invest in building an industrial park for Korean firms with an area of 50 hectares and set up a service support centre for foreign enterprises to facilitate their operations.
Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics.
The workshop was an opportunity for the MoIT and Korean firms to chalk out ways to foster investment and strengthen the multifaceted relations between the two countries.
Firms from the Republic of Korea (RoK) were expecting to increase investments in information technology, biotechnology, food processing and part-supplying industry in Viet Nam.
Kon Tum is calling for capable investors and firms to run long-term business in the Central Highlands province and accompany local authorities in developing the green economy, protecting the environment and combating climate change, a local official said.
Six enterprises from the Republic of Korea on Wednesday officially held a groundbreaking ceremony at the Dung Quat Economic Zone and received investment certificates from the central province of Quang Ngai.
Footwear enterprises from the Republic of Korea (RoK) are operating effectively in Viet Nam and their investment flows to the country are expected to increase strongly once the EU-Vietnam Free Trade Agreement (EVFTA) is signed.
The HCM City customs department informed South Korean firms about new trade regulations and resolved problems faced by the latter in carrying out customs procedures at a dialogue held on Tuesday.
Enterprises from the Republic of Korea (RoK) want to boost their co-operation with Vietnamese firms, especially ones working in the technology sector due to the huge potential in the Vietnamese market.
Korean Kim Heung Soo, CEO of Daekwang Maika Co., Ltd and Daekwang Apparel JSC said he had been in Viet Nam for almost 25 years and his business is “very good.”