T&T Group and South Korean partners on Friday at Việt Nam-South Korea Business Forum in Ha Noi signed Memorandum of Understanding (MoU) to develop LNG and hydrogen projects in Viet Nam.
Themed “Cooperation for a sustainable future,” the event will focus on information technology, electricity and renewable energy, education and smart city development.
Shrimp exports to South Korea are likely to increase by 5 per cent this year due to steady demand, high export prices and tariff incentives under a bilateral free trade deal.
Budget carrier Vietjet plans to operate new routes connecting Seoul and Da Lat, Can Tho, Nha Trang and Phu Quoc in a move to connect some Vietnamese cultural, tourism, economic centres with the South Korea''s capital city.
Viet Nam is seen as an increasingly attractive investment destination for many Korean businesses, Choi Gangsun, director of Korea-based Gyeonggi Technopark, said at the Viet Nam-South Korea Trade forum on October 3 in HCM City.
Over the past 25 years, the economic ties between Viet Nam and South Korea have flourished, but the trade imbalance between the two countries has reached an alarming level.
The Viet Nam-South Korea Free Trade Agreement, which came into effect in December 2015, has given a big boost to economic ties between the two countries, a seminar heard in HCM City on Thursday (September 7).
Bilateral trade between Viet Nam and South Korea is expected to reach US$70 billion by 2020 due to the Viet Nam – South Korea Free Trade Agreement (VKFTA) which came into effect one year ago.
Viet Nam hopes to see 3G and 4G networks covering 95 per cent of
residential homes by 2020, according to Deputy Minister of Information
and Communications Phan Tam.
How to crack the South Korean market and its rules related to product origin were on the agenda at a conference titled "Viet Nam – South Korea Free Trade Agreement: prospects and challenges" that was held in HCM City yesterday.
These developments will strengthen the base upon which Viet Nam''s
economy can be restructured for sustainable development, said Hong Sun,
Secretary General of Korcham in Viet Nam (the Korea Chamber of Commerce
and Industry), in an interview with the Vietnam News Agency.